AIM ESG Performance: Social Mobility in Financial Services May 22, 2023 Addidat has collaborated with Nurole on its AIM ESG series, providing information about AIM companies’ ESG requirements and performance, along with practical suggestions about what firms can do to improve. This article focuses on key aspects of the social performance of companies operating in the Financial Services sector, in terms of their progress on social [...]
Deutsche Bank to pay $75m to settle lawsuit by Jeffrey Epstein accusers May 18, 2023 Deutsche Bank has agreed to pay $75m to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. The accord resolves claims in a proposed class action in Manhattan federal court by Epstein’s accusers, and was confirmed by their [...]
Novatus Global May 16, 2023 Novatus Global: Trusted to raise expectations. We believe our clients should have higher expectations of their advisors. By combining our market-leading advice with best-in-class technology we can be trusted to deliver results. Our unique approach to the regulatory environment enables us to drive impact through action and innovation. At Novatus Global we work with firms across the financial [...]
Wells Fargo reaches £800m settlement with shareholders over recovery from scandals May 16, 2023 Wells Fargo has agreed to pay $1bn (£798m) to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. A preliminary settlement of the proposed class action was filed late Monday night with the federal court in Manhattan, and requires a judge’s [...]
Royal Mail delivery target failures to be investigated by Ofcom – and a fine could be dished out May 15, 2023 Regulator Ofcom said it has launched an investigation into Royal Mail’s failure to meet its delivery targets in the past year – and could hand out a fine. The British delivery firm fell short of its performance targets across the 2022 to 2023 financial year for first and second class mail and deliveries. Some 73.7 [...]
Multisuper and Happy Golf set up for a hole in one May 12, 2023 WITH surface conditions questionable before the action starts at Sha Tin, it’s difficult to be overly confident about gallopers who could find themselves racing on ground alien to them. One horse, however, who should act on any ground is the Ricky Yiu-trained MULTISUPER, who can visit the winners’ circle for the first time in Division [...]
60 business leaders warn Sunak to bring Great British Railway plans forward – or jobs and investment will be on the line May 9, 2023 Sixty business leaders have written to Prime Minister Rishi Sunak today, urging him not to delay legislation that would establish Great British Railways (GBR) beyond the current parliament. The letter, which was also addressed to Transport Secretary Mark Harper and Rail and HS2 Minister Huw Merriman, argued that pushing the reforms into the long grass [...]
Is Bitcoin on track to take pole position as the wheels come off US banks? May 5, 2023 Jason Deane, resplendent in racing overalls, completes a circuit of the week's twists, turns and chicanery in the world of digital finance.
Goldman Sachs cooperating with US government probes into SVB collapse May 4, 2023 Goldman Sachs Group said in a filing on Thursday it is cooperating with government probes into collapsed Silicon Valley Bank. The Wall Street bank is “cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries” into SVB, including the two companies’ dealings in March. Goldman was involved in key events before SVB’s [...]
Boohoo settles £156m court case over fake discount claims May 4, 2023 Boohoo has settled a staggering $197m (£156m) US court case in which the fast fashion giant was accused of faking discounts for customers. The pure-play online retailer, which also owns Pretty Little Thing and Nasty Gal, was accused of engaging in a “deceptive pricing scheme”, with the court filing claiming Boohoo would falsely raise the [...]