BaFin probes Adler Group’s Financial reports
German financial watchdog BaFin is examining the financial reports of Adler Group. They are one of Germany’s biggest landlords. The spokesperson, confirming a report that first appeared in Handelsblatt, declined to elaborate that further. The accounting investigation follows allegations made against Adler by short seller Fraser Perring’s Viceroy Research. Viceroy Research, in a report published […]
Credit Agricole beats profit target
Credit Agricole SA beat its 2022 profit target a year early. Because lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus. The lender said that it would present a new strategic plan for 2025 on June 22. This is after underlying net income came in at about 5.4 […]
Prudential bosses to operate from Asia
Insurer Prudential announced that setting up a new base for its top executives in Asia rather than London. This is because its Chief Executive Mike Wells is planning to retire next month. Prudential provides life and health insurance. They said that their current finance boss Mark Fitzpatrick will become interim CEO. He has requested not to be […]
Neobanks vs Incumbents
Small businesses are facing a difficult decision, such as stick with the trusted, old-guard or make the jump to something new. It is this dilemma that, even with conservative migrations, will see Neobanks continuing their meteoric rise in the financial services industry. Readily available APIs make it easier than ever to integrate core banking features […]
Navigating digital transformation in an evolving regulatory and cyber threat landscape
Digital transformation strategies have contributed to a fast pace of technological change. There comes an ever-increasing frequency of cyber-attacks. The attackers look to exploit and circumnavigate new technologies. Global regulators and policymakers on the other side, have been enacting or modifying laws to protect sensitive and critical data at all levels. The EU General Data […]