Why the “flash crash” whistleblower is in line for millions after implicating Navinder Singh Sarao April 23, 2015 The United States federal authorities could make it rain for the anonymous tipster who helped expose tracksuit wearing trader Navinder Singh Sarao who is accused of contributing to the "flash crash" five years ago. Under the US Commodity Futures Trading Commission's (CFTC) whistleblower program, created as part of the government's response to the financial crisis, whistleblowers receive between 10 [...]
How to quit with confidence: Everything you need to know about resigning March 12, 2015 If you follow these steps, you can quit your position with confidence. Have you landed a dream job at a rival company? If so, are you about to have that awkward conversation with your boss? Before dropping the bombshell, there are certain things that you ought to consider first. Notice and timing It is [...]
Forging ahead: Raidla Ellex founder Juri Raidla talks Baltic collaboration, grandchildren and the day the world changed June 14, 2015 At the back end of 1991, the Soviet Union began heaving itself out of Estonia – 60 years after it invaded and illegally occupied it, and shoved in a puppet government. For the former Estonian SSR, independence was a watershed moment – a brighter future for a country reclaimed. But this was a country [...]
Do not fear our new robot overlords – Editor’s Letter March 5, 2015 ARE robots coming for your job? That isn’t a premise for an episode of Doctor Who; for some City-watchers, it has become a genuine fear. On Monday, at a debate hosted by Intelligence Squared, George Magnus, formerly of UBS, was one of those arguing that professionals like lawyers and bankers should be afraid, very afraid [...]
Don’t fear the SNP: The City can do business with Scottish nationalists May 12, 2015 When Parliament reconvenes next week, there will be many new faces among the throng of MPs being sworn in. For the first time, with no fewer than 56 representatives, the third largest party in the House of Commons will be the SNP. What will that mean for the City’s relationship with Westminster? On the one [...]
Britain’s legal sector is leading the world: It’s time we celebrated it February 23, 2015 This week, more than 2,000 delegates – lawyers, business leaders and ministers from around the world – are descending on London for the UK’s first Global Law Summit. Two years in the planning, its genesis lies in the government’s desire to promote the UK’s international standing in legal services in an increasingly competitive world-wide market. [...]
Mike Ashley’s Sports Direct faces million-pound claim over bonus scheme which excluded zero-hour contracted staff February 3, 2015 Mike Ashley’s Sports Direct faces legal claims over its bonus scheme from hundreds of staff working at its stores which could run into millions of pounds. Nearly 300 workers on zero-hours contracts were excluded from a bonus scheme which gave around 2,000 staff who were permanently employed a windfall share of £160m worth of shares [...]
Non-dom crackdown: What impact will taxing the global rich have on the UK? April 8, 2015 Tight finances and pressure to break the deadlock in the election campaign combined yesterday in a very focused new round of tax – on the foreign earnings of over 5,000 rich British residents. Labour first introduced a levy on long-term non-domiciled residents back in 2008, and the coalition has hiked it since. In December, chancellor [...]
This year’s best paid graduate jobs will be in accounting, law and finance professions January 12, 2015 Young people disheartened by sky-high university fees should set their sights on a career in the City, with accounting, law and finance professions set to pay the highest graduate salaries in 2015. Anyone about to embark upon their first year in investment banking could take home £45,000. Wannabe lawyers and ambitious financiers can expect to [...]
John Lewis Partnership hit by multi-million pound burden of new holiday pay ruling January 16, 2015 Lawyers warned us that changes to holiday pay would be an expensive ruling, and lo, it came to pass. The John Lewis Partnership, which includes the eponymous department store and Waitrose, will have to stump up an additional £12m each year to cover costs relating to pension, bonuses and National Insurance. “The majority [...]