Climate action to have ‘limited impact’ on financial system, EU finds
Regulators complete first stress test to estimate how climate fight will affect banks, insurers and pension funds
Financial Times
New Abrdn chief overhauls leadership amid lacklustre performance
Jason Windsor was appointed to the top job at a difficult time for the UK asset manager
Goldman chief warns global investors are staying on the ‘sidelines’ in China
David Solomon says there are concerns about cashing out of investments in the country
Elliott Management bets on Japan property with 5% stake in Tokyo Gas
US activist investor plans to push Japanese company to offload some of its $9bn real estate portfolio
Diversity Leaders
850 companies ranked; Cisco shines despite Big Tech reserve; Rolls-Royce outperforms counterparts on inclusion scale; Erste Bank rises above politics; Diageo takes measure of its market; Ireland notes ‘diversity disparity’; fund management gender lag
The rehabilitation of KPMG in the UK
The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivals
JPMorgan’s Chase UK bank launches first credit card
Digital-only bank makes first foray into lending after amassing more than £20bn in deposits
Ireland shifts diversity dial to stay with the pace
Progress is an ‘unstoppable trend’ but blockages remain in some areas
Austria’s Erste sticks to point of mixing diversity and business
‘House bank of the left’ operates against a difficult political and social backdrop
Fund managers prove slow to address gender imbalance
Studies indicate more diverse teams deliver better investor returns
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