Convicted Libor rigger unable to open a bank account after prison term August 16, 2021 Tom Hayes, who was convicted for rigging Libor interest rates, has said he cannot get paid after seven banks have barred him from opening an account. The former City trader was found to have acted dishonestly in trying to risk the benchmark interest rate while at UBS and Citigroup between August 2006 and September 2010. [...]
Cardano takes the third spot by market cap – Solana has breakout soaring 42% in last 24hrs August 16, 2021 Cardano leads the charge as the total market cap of all cryptocurrencies returns above $2 trillion.
Pingdemic: relaxation of self-isolation rules for double jabbed August 16, 2021 From today, fully vaccinated adults who are pinged by the NHS’s test and trace system will no longer need to self-isolate. In England and Northern Ireland, new rules come into effect for those under 18 or who have been double jabbed and are pinged by the app for being identified as close contact. If contacted [...]
The spy case in Berlin is a reminder that money will always be the greatest temptation and weapon – CityAM : CityAM August 16, 2021 Spying almost always makes headlines whenever it hoves into public view. There is something inherently fascinating about the idea of nations engaged in cloak and dagger operations against one another, trying to find a weak point they can exploit for their own advantage. All the more so when an intelligence service employs dramatic tactics like [...]
After long wait to bare it all: Naked bikers return to central London August 16, 2021 World Naked Bike Ride has returned to central London once again after being cancelled due to the Covid pandemic last year. Hundreds of cyclists bared it all as they rode from Victoria Park to Hyde Park wearing nothing but smiles and, in some cases, face masks. The reasons the bikers were in their birthday suits [...]
Marie Claire owner Future snaps up The Week publisher Dennis for £300m August 16, 2021 UK media group Future, which houses publications like Marie Claire and TechRadar, has acquired rival media company Dennis for £300m in a bid to strengthen its foothold in the US. The deal includes The Week, Science & Nature, IT Pro, Computer Active, PC Pro, Minecraft World, and Coach, but not Viz, Fortean Times, Cyclist and Expert Reviews all of [...]
Defence Secretary admits “some people won’t get back” from Afghanistan : CityAM August 16, 2021 The race to get British citizens out of Afghanistan is underway with Defence Secretary Ben Wallace admitting “some people won’t get back.” Over the weekend 600 UK troops arrived in Afghanistan in a bid to support the extraction of some 4,000 British citizens and eligible Afghans from the country. Their arrival came not a moment [...]
Big Four refuse to back government plan to break their dominance of audit market : CityAM August 16, 2021 The UK’s Big Four accountancy firms have refused to back a government scheme that would see them share audit work with smaller firms. Last month, Deloitte, EY and PwC said they did not support the government’s proposal for “managed shared audits” of large listed companies. The Financial Times has reported that the other Big Four [...]
ICAS comments on the development of international financial reporting guidance for NPOs August 16, 2021 | City Talk ICAS’ Charities Panel has responded to part 1 of a major consultation on the development of international financial reporting guidance for not-for profit organisations (NPOs). ICAS broadly welcomes plans to base international financial reporting guidance for NPOs on the IASB’s International Financial Reporting Standard for Small and Medium-sized Entities (the IFRS for SMEs). Nevertheless, the ICAS [...]
Channel 4 bring in ex-Ofcom chief in bid to fight privatisation August 15, 2021 Channel 4 has brought in the former head of media watchdog Ofcom to help try and fight off the network’s planned privatisation. Flint Global, a firm founded by former Ofcom boss Ed Richards, has been drafted in by the network as it tries to avoid being sold in private hands. The Sunday Telegraph also reports [...]