I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Deutsche Bank executive steps aside amid Wirecard probe December 9, 2020 Deutsche Bank’s head of accounting is reportedly stepping aside after German prosecutors launched another probe into Wirecard. Former EY partner Andreas Loetscher who joined Deutsche two years ago is set to “temporarily” set aside. The bank’s chief financial officer James von Moltke said Loetscher’s temporary replacement was taken “at Andreas’ request and in mutual agreement,” [...]
Brexit: City of London lobby slams EU for damaging confidence in UK financial services sector December 9, 2020 The City of London’s most influential lobby group has hit out at the EU for politicising decisions on the UK’s financial services sector’s access to Europe post-Brexit. The CityUK chief executive Miles Celic told a Westminster committee today that Brussels has created uncertainty for Square Mile firms through the “regrettable politiicsation” of the equivalence assessment [...]
High profile retailer failures will ‘once again shine spotlight on auditors’ December 3, 2020 A possible avalanche of corporate failures could once again shine the spotlight on auditors, according to Menzies partner James Hadfield. The partner said he could foresee more failures coming, and believed it likely auditors would become a talking point in the process. The high street is having a particularly tough time at the moment, with [...]
German regulator suspects EY knowingly issued ‘factually inaccurate’ Wirecard audit December 1, 2020 Germany’s audit watchdog Apas suspects EY partners knew they were issuing a “factually inaccurate” audit for Wirecard in 2017. Apas has reported EY to prosecutors after believing the big four firm may have acted criminally during its work for payments company Wirecard, which collapsed into insolvency earlier this year. According to the FT, EY audited [...]
UK house prices grew at fastest rate since 2015 in November December 1, 2020 UK house prices grew at an annual rate of 6.5 per cent in November, the fastest rate since January 2015, as the sector batted off the second national lockdown. According to Nationwide’s house price index, prices also increased on a month-on-month basis to be up 0.9 per cent compared to last November. As a result, [...]
Mortgage approvals jump to 13-year high as pandemic prompts house moves November 30, 2020 Mortgage approvals jumped last month as the coronavirus pandemic, and support measures such as the stamp duty holiday, prompted more people to move home. The number of mortgage approvals for house purchase reached 97,500 in October, compared to 92,100 the previous month, reaching the highest level since September 2007. Approvals were 33 per cent higher [...]
Foreign direct investment in UK to slow as investor priorities shift November 30, 2020 Foreign direct investment (FDI) is set to slow over the next 12 months, as Covid-19 impacts financial services firms’ investment plans in the UK. Last year investor sentiments placed financial services as the driving force of UK growth – the sector attracted 99 projects, equating to more than a quarter of all FDI in Europe, [...]
There’s a new type of leader in town: Agile, decisive, and interested in more than their own voice November 27, 2020 The turbulence of 2020 has provided a new lens through which to look at our leaders, prompting a rethink of what leadership should look like in the Covid era and beyond. Over the past nine months, leaders have had to navigate the coronavirus pandemic, sweeping technological changes, worldwide Black Lives Matter protests, and of course [...]
COVID-19, the perfect storm for women: Work, trade and immigration November 24, 2020 The impact of the COVID-19 pandemic has been profound. Economies around the world are in a state of extreme distress, and businesses in all sectors and of all sizes, are to reimagine if not transform their traditional work practices. Many are struggling with changing regulations or reduced demand, whereas others are wrestling with remote-work and [...]
UK banks are yet to maximise the full benefits of the cloud November 24, 2020 In a year that demonstrated the importance of operational resilience, major UK banks have migrated less than 10% of business infrastructure onto the public cloud. The move to the cloud also requires a mindset shift for many. In the banking sector, AI and Blockchain have long been regarded as the technologies set to change the [...]