Pensions clarity can hit investor risk perception November 14, 2010 COMPANIES which disclose pension liabilities in their accounts are increasingly taking a hit on investor perceptions, regardless of whether or not they have a pension deficit, new research has shown. Over half of finance directors surveyed in a recent PwC study on attitudes to pensions accounting said that information disclosed in their accounts gave investors [...]
Pensions clarity can hit investor risk perception November 14, 2010 COMPANIES which disclose pension liabilities in their accounts are increasingly taking a hit on investor perceptions, regardless of whether or not they have a pension deficit, new research has shown. Over half of finance directors surveyed in a recent PwC study on attitudes to pensions accounting said that information disclosed in their accounts gave investors [...]
CITY MOVES | WHO’S SWITCHING JOBS February 7, 2011 JP Morgan Private Bank Aastha Gurbax (pictured) has joined the private banking arm of JP Morgan, based in London. She will be a vice president on the private banking team, reporting to Olivier de Givenchy. Gurbax has previously worked at Morgan Stanley as an adviser for high net worth families and charities. Formerly, she was [...]
What the other papers say this morning January 23, 2011 FINANCIAL TIMES AUDITORS SEEK TO EASE FEARS The four biggest auditors have denied that their dominance of the market for large companies had created a systemic risk akin to that posed by the leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up [...]
Firms don’t trust coalition tax pledge November 22, 2010 THE overwhelming majority of businesses do not think that George Osborne will meet his pledge to make Britain?the most competitive tax regime in the G20, according to a survey of 60 leading firms. Big Four accountancy firm PricewaterhouseCoopers found that 82 per cent of firms thought the chancellor would not keep his promise. However, 77 [...]
House of Lords slams Big Four auditors for role in banking crisis November 23, 2010 THE HOUSE of Lords yesterday accused the Big Four auditors of misleading investors by giving the banks a clean bill of health before the financial crisis. The Lords’ economic affairs committee grilled bosses of Ernst &Young, Deloitte, PwC and KPMG as part of a probe into a possible lack of competition in the financial services [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
FSA to toughen bank pay law November 10, 2010 FOREIGN banks operating in the UK could be forced to disclose the pay packets of their senior bankers, according to a consultation paper released by the Financial Services Authority (FSA) yesterday. The FSA said it is seeking feedback on whether to close the loophole that exempts banks based outside the European Economic Area from disclosure [...]
FSA faces calls to publish details of investigation into RBS and Goodwin December 5, 2010 THE Chancellor is considering changing a law which the Financial Services Authority (FSA) has blamed for preventing it from publishing the findings of its investigation into Royal Bank of Scotland (RBS) and its former chief executive Sir Fred Goodwin. George Osborne could announce an investigation into the Financial Services and Markets Act (FSMA) as early [...]