One in ten UK banking jobs at risk from AI August 27, 2025 Bankers across the UK could be on the chopping block as the industry piles billions into AI. The push into the modern tech will put some 27,000 roles at risk – representing ten per cent of the UK banking sector’s workforce. By 2030, banks across the country will have piled over £1.8bn into generative AI [...]
Big Four PwC ramps up office attendance monitoring August 13, 2025 PwC has increased its monitoring of employees’ office attendance by tracking key card usage and WiFi connections to ensure staff comply with requirements
Revolut drafts in EY amid banking licence push August 7, 2025 Revolut has tapped accountancy giant EY to replace BDO as its auditor as the firm pushes to secure its UK banking licence. The UK fintech juggernaut said EY will act as the firm’s auditor for the financial year ending December 2026 after a formal bidding process. This comes as Revolut expects to launch as a [...]
Regulator probes Deloitte over Glencore accounts July 23, 2025 The accountancy regulator announced this morning that it has launched an investigation into Deloitte over audits related to the energy giant Glencore.
Government consultants pledge under threat as spending jumps July 22, 2025 Government spending on management consultants rose by over £150m during Labour’s first year in office, despite the party’s manifesto pledge to halve the amount departments dish out to third party advisers, City AM can reveal. Total spending on management consultancy contracts totalled £1.44bn during the first 12 months of the government’s four-year term, up from [...]
Mortgage brokers on chopping block as AI overhaul gains pace July 14, 2025 Mortgage brokers could be the latest roles to be swallowed up by the spread of AI as homebuyers deploy modern tech in the space of cumbersome traditional homebuying services. AI has taken a dominant role for buyers with over a third using the tech to explore their options. Early adopters cited AI as streamlining product [...]
The Capitalist: Inside Tesco Clubcard’s 30th birthday rave July 10, 2025 Tesco opens a Soho nightclub, finance bros battle it out at The Lord Mayor's Cup, and a Lord's warm-up dinner; catch up on the latest gossip.
Fintech leads surge in London finance hiring July 10, 2025 Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]
Shell forced to file amended US filings after EY broke audit rules July 2, 2025 Shell is to file amended regulatory filings after Big Four firm EY told the energy giant it broke audit rules
Cuts, struggles and breakups: How is AI reshaping the consultancy sector? July 2, 2025 Amidst the job cuts at Big Four, crisis mode is rearing at consultancy firms as the industry struggles to keep up with the AI world