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The Latest Breaking News from DWS

Deutsche Bank Asset Manager DWS Fined 25 Mn Euros For 'Greenwashing'

Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties.

International Business Times

Donald Trump is eking ahead in the polls as the 'excitement's over' for Kamala Harris

After surging in the polls after Harris’s dramatic entry into the race, the election tightens.

Fortune

Federal court rules in favor of Biden ESG retirement rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

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Former Netherlands goalkeeper Jan Jongbloed, runner-up in 2 World Cup finals, has died at 82

The Netherlands goalkeeper who was a runner-up in two World Cup finals as part of the famous “Clockwork Orange” teams in the 1970s has died

The Independent UK

House Judiciary Committee requests ESG documents from California pension system

Ballotpedia

Congress MLA Birajit Sinha writes to Tripura Assembly Speaker for security, alleging threat to life from mafia

Congress MLA Birajit Sinha said he received the threats because of his stand against ‘mafia raj’ in the Drinking Water and Sanitation (DW&S) Department in Kumarghat and Kailashahar in Unakoti district.

The Hindu

Filipino priest on mission in Europe to halt fossil fuel financing

A Filipino priest is touring top European banks to demand they curtail ties with companies behind new fossil fuel projects in a region of his home country that is rich in fish and coral. But he is leaving his meetings with bankers feeling frustrated.

Reuters

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The American right has gone to war with 'woke capitalism' – here's what they get wrong

Ron DeSantis, Florida’s Republican governor and likely future presidential contender, has opened up a new front in his party’s war on “woke capitalism”. He is proposing to change the rules around how public bodies within Florida borrow from the markets by issuing bonds.

The Conversation

The newest fronts in climate-change-related legal battles

Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond traditionally polluting industries such as fossil fuel production.

Reuters

The ESG investment craze might be over

ESG investments are coming under greater scrutiny, and some analysts say the acronym’s days are numbered.

Fortune

Factbox-The newest fronts in climate-change-related legal battles

Reuters

Low Stock Prices, High Yields Fuel This Fund's Market Beat

True to its name, DWS CROCI Equity Dividend Fund makes good use of dividend stocks. The fund's trailing 12-month yield was 2.45%, going into Tuesday.

Investors Business Daily

Economy and Society June 21, 2022: SEC Goldman Sachs probe causing ripples

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Morning Brief: Top Financial Stories Dominating on Tuesday, June 14

CNBC

Benzinga

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Benzinga

ESG Regulatory Heat Intensifies With Latest Raid In DWS

Around 50 German police officers intruded the Frankfurt office of fund manager DWS in May amid a greenwashing probe, the Financial Times reports.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 1

Reuters Redbird Capital Buys Italian Football Club AC Milan

Benzinga

Deutsche Bank's DWS CEO Resigns - Read Why

Deutsche Bank AG (NYSE:DB) asset management subsidiary DWS said its Chief Executive Officer Asoka Woehrmann is set to step down on June 9. The resignation has happened following a search by investigators amidst the controversy surrounding the executive and allegations that the company inflated its ESG credentials, Bloomberg reported. Woehrmann will be succeeded by…

The Independent UK

Deutsche Bank subsidiary CEO resigns after greenwashing raid

Deutsche Bank subsidiary DWS says its chief executive is resigning after authorities raided its offices as part of a probe into claims that the company exaggerated the sustainable credentials of some of the financial products

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The Independent UK

Deutsche Bank, subsidiary raided over 'greenwashing' claims

Authorities in Germany raided the offices of Deutsche Bank and its subsidiary DWS on Tuesday following claims that it was exaggerating the sustainable credentials of some of the products it sold

Insider UK

Stagecoach strikes £20 million deal to snap up East London buses

The acquired company has a fleet of around 150 buses, with an annual turnover of around £38m

Insider UK

National Express sticks with December offer ahead of Stagecoach deal decision

Rival transport group was outbid by a German infrastructure fund in March

The Independent UK

Active Ownership – a way for investors to engage

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Daily Record

Perth-based transport giant Stagecoach in centre of bidding war between National Express and major German company

The initial £450 million offer for the local bus operator was initially welcomed in December, until it was gazumped by a 105p a share £595 million cash deal from DWS Infrastructure

Insider UK

National Express insists Stagecoach merger is ‘superior’ to rival bid

Group believes the 105 pence-per-share bid from DWS “materially undervalues” Stagecoach, but has held back from sweetening its offer

The Independent UK

National Express insists Stagecoach merger plans ‘superior’ to rival bid

The group said it believes the 105p-a-share bid from DWS ‘materially undervalues’ Stagecoach, but has held back from sweetening its offer.

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