Credit Suisse to force bankers to repay some of bonuses if they exit within three years January 28, 2022 Investment bank Credit Suisse has told staff they will be forced to repay some of their bonuses if they exit the company within three years. According to The Telegraph newspaper, bankers were told today about plans for a new system for bonuses. It comes after the company’s chairman Sir Antonio Horta-Osorio was forced to step [...]
Westminster committee backs du Plessis as new audit watchdog chair January 28, 2022 UK law makers have endorsed the appointment of former BT boss Jan du Plessis as the new chair of the UK's audit watchdog.
HP wins civil case against UK tech tycoon Mike Lynch as extradition order looms January 28, 2022 Hewlett-Packard has won the majority of its civil case against British tech tycoon Mike Lynch over its acquisition of Autonomy in 2011, a London judge said this morning, though damages will be considerably less than the £3.7bn claimed. The American technology giant sued Lynch, Autonomy’s founder, and its former chief financial officer Sushovan Hussain, following [...]
Exclusive: Brexit financial services regulation bonfire set to be in next Queen’s Speech January 28, 2022 An overhaul of the UK’s financial services regulation is set to be included in the next Queen’s Speech as the government speeds up its push to make the City more competitive post-Brexit. Chancellor Rishi Sunak gave an update to the cabinet on Tuesday about the UK’s plans to shed EU rules for financial services, with [...]
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
EP: 109 Cheltenham, Doncaster & Hong Kong January 28, 2022 Cheltenham Trials Day offers five graded races for us to enjoy on Saturday, whilst Doncaster showcase a handful of high quality jumps races on the same afternoon. Trainer Harriet Graham runs Aye Right in the Cotswold Chase on Saturday and she joins us to discuss his chances. City A.M. racing editor Bill Esdaile previews the best [...]
Apple introduces safety guide following concerns about AirTag stalkers January 28, 2022 Apple has released an updated safety guide amid ongoing concerns over the company's new AirTag devices.
Sadiq Khan: London home-building ‘at risk of stalling’ amid hiked construction costs January 28, 2022 Skyrocketing construction materials are slowing house-building progress in London, Sadiq Khan has warned. The Mayor of London warned new-build developments and extension projects were being hit by a cocktail of rising costs thanks to Brexit and the pandemic. Prices for materials, including steel, timber, and concrete, shot up 23 per cent last year, according to [...]
Letters: Workforce for the future January 28, 2022 [Re: Andy Haldane comments on re-skilling the workforce, yesterday] Andy Haldane, head of the levelling up task force, said yesterday that the government must invest in a huge program of re-skilling the workforce. In the UK at the moment, vacancies are at a record high. At the same time, we see great swathes of graduates [...]
No victory for bull nor bear as Bitcoin dishes up more sideways movement January 28, 2022 Bitcoin’s price – the indicator that everyone focuses on the most – is still entirely directionless and remains incapable of making a move either way
