Iran seizes Greek oil tankers in escalation of Tehran’s spat with Western powers May 28, 2022 Iran’s Revolutionary Guards have seized two Greek oil tankers, after the Iranian government said it would take “punitive action” against Greece over its seizure of an Iranian oil cargo last month. Iran’s Islamic Revolutionary Guard Corp (IRGC) said it had seized two Greek tankers sailing in international waters off the coast of Iran. The seizures [...]
Trading app Robinhood settles class action lawsuit over 2020 outages May 28, 2022 Stock market trading app Robinhood has agreed to settle a proposed class action lawsuit, over claims outages on its app cased investors to lose money during a period of pandemic-related stock market volatility. The lawsuit comes after retail investors flocked to the app in the midst of the pandemic, in their efforts to battle hedge [...]
EY faces $2.7bn lawsuit over NMC Health audit May 28, 2022 The administrators of collapsed healthcare group NMC Health’s bankruptcy proceedings have filed a $2.7bn (£2.1bn) lawsuit against Big Four accountancy firm EY, over claims the auditor failed to spot a multi-billion-dollar fraud at the former-FTSE 100 firm. The High Court lawsuit claims EY failed to spot NMC Health’s accounts had been fraudulently misstated, that the [...]
Big Four accountancy firm EY considers floating advisory business on the stock exchange May 28, 2022 EY is considering listing its global advisory business on the stock market, as part of ambitious plans to separate out its audit operations to create two separate firms. The plan could see EY float its tax, consulting, and deals advice business on the stock exchange, as the firm considers breaking itself up to escape the [...]
Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia May 28, 2022 At the start of this month, Paul Stoddart jumped ship to become the president of the newly-minted fintech unicorn GoCardless. Stoddart, who describes himself as a “banker by trade,” spent years at Natwest, Barclays, and was most recently the chairman of Mastercard’s VocaLink. In an exclusive interview with City A.M., Stoddart said that joining GoCardless [...]
Tech Weekly: Tech Nation CEO on UK fintech success, and Klarna focus on profits May 27, 2022 Today City A.M. reporter Charlie Conchie talks to Tech Nation CEO Gerard Grech for a chat about the company’s Impact Report, which assesses how it has helped shape leading tech firms. They also discuss the UK’s place as a fintech hub, and the potential slowdown of VC investment in fintech later this year. He also [...]
P&O chief exec asked why ex employees’ belongings haven’t been returned two months after 800 sackings May 27, 2022 Parliament’s transport committee has written to the chief executive of P&O demanding to know why sacked employees’ possessions have not been returned – two months after almost 800 were let go. Chair of the Westminster panel Huw Merriman MP penned a strongly-worded letter to Peter Hebblethwaite on Friday, asking him why personal belongings of seafarers [...]
Binance granted regulatory approval in Italy May 27, 2022 Crypto exchange Binance has today been handed regulatory approval in Italy, less than a month after being approved in France.
Is It Time You Embraced An Episodic Career? May 27, 2022 The further along many of us get in our careers, the more the penny may drop that the path we’ve taken is very likely not a smooth, rapidly ascending line. In fact, it is far more likely to be a rolling series of peaks and valleys, and there can be many reasons for that. Of [...]
Noah Kline: ‘I wish I still had that Bitcoin I used to buy a fake ID on the dark web’ May 27, 2022 Blockchain and cryptocurrency only made sense to Noah Kline when he wanted to buy a fake ID on the dark web.
