Five London police officers face gross misconduct charges over stop and search of Bianca Williams and Ricardo Dos Santos April 27, 2022 Five Metropolitan Police officers are to face gross misconduct proceedings over the stop and search of athletes Bianca Williams and Ricardo Dos Santos. The couple were stopped in Maida Vale, west London on July 4 2020 while travelling with their baby in a car, and were both handcuffed and searched. The officers will face a [...]
KPMG to cash in on tech fundraising boom via stake in venture capital advisor April 27, 2022 KPMG is seeking to capitalise on the UK’s booming technology startup ecosystem by acquiring a 50 per cent stake in venture capital fundraising advisor Acceleris. The Big Four accountancy firm is hoping to cash in on the booming market for tech startup fundraising by teaming up with the tech-focused venture capital firm. The deal, which [...]
Sanctions are having ‘profound’ impact on London insurers, expert tells MPs April 26, 2022 The sanctions imposed on Russia are having a “profound” impact on London’s insurance sector, a leading insurance expert has told MPs. London insurers are struggling to keep on top of complex sanctions legislation and have resorted to taking an extremely cautious approach, the insurance chief said. “The volume of the legislation that’s been coming [...]
Young accountant wins payout over insurance chief’s ‘demanding’ millennial comments April 26, 2022 A trainee accountant has won a case against employer, after his boss said she had made “the wrong decision in giving a dyslexic person the job” whilst firing him from his job at the Lloyd’s insurance broker. 26-year-old accountant Jay Patel is set to receive compensation for unfair dismissal, after an employment tribunal heard his [...]
Criminal solicitors weigh up strike plans over low paid legal aid work April 26, 2022 Criminal solicitors are weighing up plans to join barristers in launching a strike, by refusing to take on poorly paid legal aid work. At a conference hosted by the two of the UK’s biggest solicitors trade association, solicitors raised the prospect of taking industrial action, with a view to pressuring the government into boosting legal [...]
Former Citibank exec named head of City of London police force’s insurance fraud unit April 26, 2022 The City of London police has named a former Citibank exec as the head of its crack unit dedicated to tackling insurance fraud. Detective Chief Inspector Tom Hill, who joined the City of London police more than 15 years ago from his previous role as a project manager at Citibank, is set to lead the [...]
FCA uses emergency powers to stop British Steel Pension scandal advisers selling assets April 25, 2022 The UK’s financial watchdog is using emergency powers to stop the firms who advised British Steel Pension Scheme (BSPS) victims from selling off assets to avoid paying compensation. The Financial Conduct Authority (FCA) has launched the emergency asset restriction rules without consultation, in a bid to stop firms from wiggling out of victims’ hard-won redress. [...]
Asset manager Vontobel expresses shock at death of ‘highly respected’ young trader April 22, 2022 A young and “highly respected” trader at Swiss investment bank Vontobel has died at his desk, the asset manager has confirmed to City A.M. Vontobel said it had learnt with “great regret” that a young colleague died in its offices last week. The investment manager refused to comment on the cause of death and asked [...]
Senior lawyers saw their incomes boom during Covid as firms boosted profitability April 22, 2022 Law firm partners saw their incomes increase 8.3 per cent during the pandemic to heights of £825,331 in 2021, on the back of booming demand for legal services. Those working as equity partners in English and Welsh law firms saw their fee incomes rise from £761,981 in 2020 to more than £825,000 the following year, [...]
UAE freezes assets owned by members of the Kinahan crime syndicate April 22, 2022 Assets owned by members of the Kinahan crime family – an Irish gang accused of smuggling drugs and weapons into Europe – have had their assets frozen by the United Arab Emirates (UAE). The UAE’s decision to sanction Kinahan gang – which has strong links to some of the world’s most famous professional boxers including [...]