SEC lawyers subpoena fund managers over ESG disclosures
Statements on green and social investing seen as ‘fertile ground’ for enforcement division
Financial & markets regulation
Superstar lawyers: the poaching war between Paul Weiss and Kirkland
Plus, Apollo gets into the accounting business and retail investors give Buffett a boost
Mergers & Acquisitions
Great American road trip hits speed bump in shortage of EV chargers
For electric vehicles to hit mainstream adoption, billions more in investment are needed to expand infrastructure
Electric vehicles, Batteries
Court date completes suspended Nigerian bank chief’s fall from grace
Godwin Emefiele’s nine years in charge came to an abrupt end when new president Bola Tinubu took office
Central banks
China is becoming more trouble than it’s worth for US investment banks
Selling shares in Chinese companies offshore used to be a money-spinner — but that’s no longer the case
Investment Banking
Anger in Ardleigh as villagers reject ‘bribes’ for pylons
Prospect of compensation to ease building of net zero power grid fails to mollify Essex residents
Renewable energy
US government-backed start-up on course to become mining unicorn
TechMet set for $1bn valuation in boost to west’s challenge of China’s dominance in critical minerals sector
Batteries
Saudi Arabia and UAE race to buy Nvidia chips to power AI ambitions
Gulf nations acquire thousands of GPUs amid global shortage of semiconductors needed to build large language models
Artificial intelligence
US regulators try to consign emergency bank fire sales to history
Shares of regional lenders fall as FDIC also signals plan to make industry raise more debt
Financial & markets regulation
Esmark becomes second US Steel suitor with $10bn offer
Move comes a day after steelmaker rejected offer from Cleveland Cliffs
Mergers & Acquisitions