UK regulator censures Credit Suisse and law firms over Bumi deal
London
BRITAIN'S takeover regulator has publicly censured Credit Suisse and two law firms - Freshfields Bruckhaus Deringer and Holman Fenwick Willan - over their roles as advisers in the creation of an Indonesian coal mining company formerly known as Bumi.
The Panel on Takeovers and Mergers (PTM or the Takeover Panel) also said on Thursday that it found the conduct of JPMorgan Chase "disappointing", but not serious enough to require a public censure. There was no fine associated with the ruling.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Citi shifts working hours, enhances platform ahead of settlement cycle change
Robinhood Crypto gets Wells notice from US SEC
Central banks need digital currencies to stay relevant
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA