Short seller hits back after Labour MP suggests Putin links April 15, 2023 Labour MP Liam Byrne (Left) suggested last month that short seller Fraser Perring had ties to the Kremlin.
Innovate Finance slammed for hosting Hong Kong minister at London conference April 15, 2023 Fintech industry body Innovate Finance has been criticised over its decision to invite a senior Hong Kong finance minister to speak at a London conference next week as the territory’s government continues its political crackdown. Activists and MPs have hit out at the group’s decision to host Hong Kong’s financial services secretary Christopher Hui speak [...]
EY ditches split plan after opposition from US unit April 11, 2023 EY has ditched its plan to split its audit and consulting businesses following opposition from its US unit. The firm’s global executive committee relayed the decision to partners in a note today. The Big Four firm had put its plan to separate its audit division from its consulting business, dubbed ‘Project Everest’, on hold following infighting [...]
Home REIT was warned of ‘slum conditions’ in October in row between tenants and property vendor February 17, 2023 Home REIT was warned of “slum conditions” in its property portfolio as early as October but failed to publicly acknowledge the scale of the issues until yesterday, City A.M. can reveal.
Just Eat: Takeaway delivery giant’s shares rise over 10 per cent despite reporting a drop in orders January 18, 2023 Shares in Just Eat Takeaway.com rose this morning after the food delivery company reported a positive outlook for the year ahead. Shares in the firm jumped despite the fact the Amsterdam-headquartered firm reported a fall in orders towards the end of last year. The total value of orders placed on Amsterdam-based Just Eat’s platform globally [...]
FCA fines Guaranty Trust Bank £7.6m for ‘serious weaknesses’ in its anti-money laundering systems January 10, 2023 Guaranty Trust Bank (UK) has been fined £7,671,800 by the City’s financial markets regulator today over “serious weaknesses” in its systems and controls designed to prevent money laundering. The Financial Conduct Authority (FCA) said that the weaknesses “were repeatedly highlighted to GT Bank by internal and external sources, including the FCA,” but despite this, the [...]
FCA’s enforcement chief to leave next spring October 18, 2022 The Financial Conduct Authority’s head of enforcement, Mark Steward, has announced that he will be stepping down after seven years with the regulator. The FCA said in a statement today that Steward will leave in spring next year, and that the search for his successor “will begin shortly.” Nikhil Rathi, Chief Executive of the FCA, [...]
Criminal barristers vote to end strike, but warns justice system ‘remains chronically underfunded’ October 10, 2022 Criminal barristers in England and Wales have voted to end their strike action over pay today after the government tabled a 15 per cent pay rise.
KPMG fined in Dubai over audits of collapsed private equity group Abraaj October 3, 2022 KPMG has been fined $1.5m (£1.3m) by Dubai’s financial services regulator after the agency found that the firm “failed to follow applicable international auditing standards” when performing audits of Abraaj Capital Limited for a number of years up to October 2017. Former partner Milind Navalkar was also fined $500,000 by the agency, known as the the Dubai Financial Services Authority or DFSA. [...]
Criminal barristers set to vote on ending strike action following new pay offer September 29, 2022 Criminal barristers are set to vote on ending strike action following negotiations between the Criminal Bar Association and Justice Secretary Brandon Lewis. The Ministry of Justice (MoJ) today outlined a package of reforms and fee uplifts reached during the talks, which it said represented a further investment of £54 million in the criminal bar and [...]
