Small font size A Larger text size A Largest text size A

World Economic Forum investigates its CEO over Epstein links

BY Reuters | ECONOMIC | 12:21 PM EST

ZURICH, Feb 5 (Reuters) - The World Economic Forum has launched an independent investigation into its CEO Borge ?Brende to clarify his relationship ?with sex offender Jeffrey Epstein, ?the organisation said ?on Thursday.

The ?Geneva-based organiser of the Davos summit ?said it ?was looking into disclosures from the U.S. Justice ?Department that ?showed ?Brende had had three business dinners with Epstein and had ?also communicated with the disgraced financier via email and text message.

"In light of these interactions, the Governing ?Board ?requested the Audit and Risk Committee to look ?into the matter, which subsequently decided to initiate an independent review," the WEF said in a statement.

"This decision underscores ?the Forum's commitment to transparency and maintaining its integrity," it added.

(Reporting by ?John RevillEditing by Gareth Jones)

More Fixed Income News

MPLX LP prices $1.5 billion senior notes offering BY PR Newswire |CORPORATE 06:43 PM EST
US Equity Indexes Sink as Labor Market Fragility Hits Cyclicals, Big-Tech Extends Decline BY MT Newswires |TREASURY 04:54 PM EST
BRIEF-Laurentian Bank Shareholders Vote In Favour Of The Transaction With Fairstone Bank Of Canada BY Reuters |ECONOMIC 04:28 PM EST
*-- Laurentian Bank Brief: Fairstone Bank of Canada To Acquire All Issued and Outstanding Common Shares at a price per share of $40.50 BY MT Newswires |ECONOMIC 04:28 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article