Funds shifting asset allocations away from offices, toward private credit
Settlement hearing with Royal Mutual Funds scheduled for Oct. 15
Sentencing followed long-running scheme that diverted more than $10.7 million of investor funds
Canadian investors jumped into U.S. stocks, while foreign investors dumped domestic equities
The sanction is the FCA's first penalty against an auditor
High valuations, uncertainties loom in second half
Guarding against the emerging threat to encryption will be a long, costly venture, rating agency says
Deal volume up, value soared driven by more "mega" deals
Firms charged over unapproved off-channel communications
Venture promised outsized returns it had no way of generating, regulators allege