Lloyds Bank to pay staff extra £1,000 each to deal with UK’s cost-of-living crisis June 13, 2022 Lloyds Bank is set to pay £1,000 bonuses to the vast majority of its UK staff to help them deal with the cost-of-living crisis. The UK’s biggest retail bank is set to give one-off, £1,000 bonuses to more than 64,000 of its rank-and-file staff, according to an internal memo seen by City A.M. The bank [...]
Brexit: UKIP donor Arron Banks loses libel lawsuit against Carole Cadwalladr after High Court backs journalist’s public interest defence June 13, 2022 Brexit campaigner Arron Banks has lost his libel lawsuit against Guardian journalist Carole Cadwalladr, in a decision welcomed by the investigative reporter as a “victory for public interest journalism”. The ruling comes after Banks sued Cadwalladr over claims made on two separate occasions – during a TED talk in 2019 and on Twitter in the [...]
Google settles lawsuit for $118m over claims it ‘systematically’ underpaid female employees June 13, 2022 Google has agreed to pay $118m (£96m) to settle a class-action lawsuit brought forward by four of its former employees over claims the tech giant “systemically” underpaid 15,500 of its female employees. The Silicon Valley firm will also bring in an independent labour economist to analyse its pay practices to ensure female workers are not [...]
City watchdog convicted just two people for insider trading in the past five years June 13, 2022 The UK’s financial watchdog achieved just two successful convictions against individuals for insider trading over the past five years, according to The Times. New data recovered from the UK’s Financial Conduct Authority (FCA) via a freedom of information (FoI) request shows the watchdog secured just two successful convictions in the five years running from [...]
Government outlines plans to block ‘foreign influences’ from compromising UK universities June 13, 2022 The UK government is seeking to protect universities from “undue foreign influences that work against British values,” by forcing higher education institutions to report the financial links they have with individuals or organisations from overseas. The new rules, which could be introduced as part of an amendment to the Higher Education (Freedom of Speech) Bill, [...]
Divorce filings surged after ‘no-fault’ laws came into force June 10, 2022 The coming into force of “no-fault divorce” laws led to spike in couples filing for divorce, new HMCTS figures show. Almost doubled the number of divorce applications were filed in April 2022 compared to April the previous year, after no fault divorce laws came into force. The new laws, which allow couples to separate amicably [...]
Deloitte denies failing to protect ex-employee from bullying June 10, 2022 Deloitte has denied failing to protect a former female employee from being bullied after her relationship with a male partner ended. The Big Four firm denied that it had “failed” to stop the Deloitte partner Chris Holliday from harassing former risk analyst Katrina Jones, after she filed a lawsuit against the firm’s London office last [...]
Donald Trump said Mike Pence ‘deserves’ to be hanged as rioters stormed the capitol June 10, 2022 Former US president Donald Trump purportedly told advisors that he agreed with those storming the US Capitol in their calls to “hang Mike Pence”. The 45th president of the United States purportedly told a room full of staff that “Mike Pence deserves it,” whilst his supporters rioted at the heart of Washington D.C, Liz Cheney, [...]
State Street denies claims it is planning to take over Credit Suisse after Swiss bank’s chief brushes aside rumours June 9, 2022 State Street today denied claims it is planning to take over Credit Suisse, after a Swiss website published a report claiming the Boston bank is planning to buy out Zurich headquartered investment bank. The denial comes after the head of Credit Suisse also brushed aside claims Credit Suisse could be bought out by Boston bank [...]
UK’s financial watchdog vows to crack down on greenwashing June 9, 2022 The UK’s financial watchdog has said it is “actively” monitoring the markets for instances of greenwashing, involving false and exaggerated claims around ESG. The Financial Conduct Authority (FCA) told City A.M. that it has “made it a priority that investors are given clear and reliable information about ESG products,” as the watchdog said it is [...]