‘Under pressure’: Gen Z fail to save as financial responsibilities mount June 15, 2026 Young Brits are failing to place any money into their savings as they continue to face increasing financial pressures. Nearly half of Gen Z, those aged between 14 and 29, have not allocated any money to their savings in the past year, according to research from Young Enterprise and HSBC UK, as they find themselves [...]
P&O Ferries to be probed over possible audit failings June 10, 2026 The Financial Reporting Council (FRC) has opened a probe into the conduct of an accountant at P&O Ferries over the accuracy of information they provided to auditors. The FRC said it has opened the investigation to assess the financial information provided to the auditor of P&O Ferries Holdings Limited and its subsidiaries between December 2020 [...]
Ministers back SNP probe as Sturgeon refuses to apologise for Murrell May 31, 2026 Two top government ministers have backed an inquiry into the SNP after its former chief executive Peter Murrell admitted to embezzling over £400,000 from the party. Shadow home secretary Chris Philp told the BBC’s Sunday With Laura Kuenssberg that there “should definitely be an inquiry because trust in politics has been fundamentally undermined by the [...]
UK finance workers weigh quitting over back-to-office mandates May 19, 2026 Financial services workers are weighing quitting their roles if their companies mandate office attendance amid a deepening feud between managers and employees. Nearly six in ten employees in the finance sector said requirements around their office presence is making them more likely to leave their role, according to new research from City recruiter Morgan McKinley. [...]
EY coughs up over £100m to settle NMC Health court conflict May 18, 2026 Big Four giant EY is understood to have paid over £100m to settle a High Court claim brought by former FTSE 100 company NMC Health that collapsed during a fraud scandal. Both EY and the healthcare provider reached a confidential agreement in February to settle the claims, which were brought four years ago against EY for [...]
Deloitte: UK Gen Z and Millennials delaying milestones and living ‘payslip to payslip’ May 13, 2026 British Gen Z and Millennials are delaying major life decisions as they live “payslip to payslip”, according to data shared exclusively with City AM from Big Four giant Deloitte. The data, based on findings from 806 respondents as part of the firm’s annual Gen Z and Millennial Survey, revealed that around 40 per cent of [...]
Norwegian billionaire forced back to London in £285m Deutsche Bank dispute May 12, 2026 Norwegian billionaire Alexander Vik has been ordered to return to the City to be interrogated about his hidden assets during a 13-year-long legal dispute with Deutsche Bank. The bank first sued the business mogul’s company, Sebastian Holdings, in 2009 after the company suffered a series of losses on foreign exchange and equities trade deals during [...]
FCA struggles with rising whistleblower caseload May 8, 2026 The City has seen a jump in whistleblowing alongside a slowdown in the number of cases being closed in signs the UK’s financial watchdog is struggling to handle the caseload. The volume of whistleblowing reports rose by nearly 30 per cent in the UK in the first three months of the year to hit a [...]
Standard Chartered registers $190m charge on Iran war April 30, 2026 Standard Chartered’s impairment charges jumped in the first quarter as the bank set aside a hefty sum to cover volatility in the Middle East. The FTSE 100 giant booked $296m in credit impairment charges, with $190m of this coming from “precautionary management overlays” related to the war in Iran. The Asian-focused bank’s activity in the [...]
‘Wake-up call’ for UK financial firms as internal control failures drive £1bn fines April 24, 2026 UK financial services firms, which faced £1bn worth of fines since 2021 for internal control failings, should be “seriously concerned”, says the Chartered Institute of Internal Auditors (CIIA). More than half of the 97 Financial Conduct Authority (FCA) enforcement cases analysed by CIIA relate to firms “not getting the basics right”, with many linked [...]