Reported by Mengqi Sun Deutsche Bank’s investment arm agreed to pay $25 million to settle allegations including that it overstated how it used environmental, social and governance factors in its funds, one of the first cases that questioned ESG claims by money managers. The investment arm, DWS, also settled allegations from the Securities and Exchange […]

Reported by Siddharth Venkataramakrishnan and Michael O’Dwyer EY agreed to terminate a consulting contract and refund millions of pounds to Santander’s UK business after failings in its anti-financial crime work for the bank, according to three people with knowledge of the matter. The Big Four consultancy was one of several external advisers called on by […]