EY faces $2.5bn lawsuit over NMC Health audit April 30, 2022 Big Four accountancy firm EY faces a $2.5bn (£2bn) lawsuit over its audit of collapsed healthcare company NMC Health, after bankruptcy administrators yesterday said they had filed a claim against the auditor. The lawsuit comes after Abu Dhabi firm NMC Health went into administration in 2020, after the firm was accused of understating more than [...]
EY Germany vows to improve working conditions in wake of Wirecard scandal April 28, 2022 EY Germany has vowed to cut staff workloads and improve company working conditions, in response to its role in the multi-billion-euro Wirecard scandal. The German arm of the Big Four accountancy firm said it plans to reduce workplace stress and the overburdening of its workers, by limiting overtime and hiring more people. The pledge comes [...]
City Moves: Who’s switching jobs in the Square Mile? April 28, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Paysafe Specialised payments platform Paysafe has appointed crypto executive into the newly created role of senior vice president of its crypto division. Elbruz Yılmaz will be tasked with further extending the New York-listed group’s crypto offering, having spent [...]
Thousands of consultants now working to achieve Chartered status, one year after qualification’s launch April 27, 2022 London consultants are increasingly seeking to certify their professional achievements by attaining Chartered Consultant status, following the launch of the professional qualification last year. More than 3,000 consultants are currently working towards gaining Chartered status, while more than 600 have already got it, according to new figures from the Management Consultancies Association (MCA). The news [...]
Spac boom falters as regulators ramp up scrutiny April 24, 2022 A global boom in so-called blank-cheque firms has faltered in the first quarter of 2022 as investors grow sceptical of the vehicles and regulators prepare to clampdown on fanciful financial forecasting.
City Moves: Who’s switching jobs in the Square Mile? April 22, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO BDO has bolstered its financial services team with a new partner, which will be the accountancy and business advisory firm’s fifth dedicated finserv partner in the last year. Rahoel Patel, who joins the firm’s transaction services team, brings more than 15 years’ experience of advising both [...]
Everything you were afraid to ask about the metaverse April 22, 2022 This article first appeared in ICAS’ CA Magazine. It recently hosted its first wedding, with a guest list of thousands. It may soon see CAs send digital avatars to clients’ virtual offices. But will the metaverse really reshape business or be just a niche preserve of gamers? Christian Koch investigates. The metaverse is coming… “Who [...]
Cost of living grip tightens as wages trail rampant inflation April 12, 2022 The cost of living crunch is tightening its grip on Britons’ living standards in a further sign that the UK economy is hurtling towards a period of slow growth. Fresh figures published by the Office for National Statistics (ONS) today reveal pay is lagging far behind inflation, meaning households are unable to buy the same [...]
London Stock Exchange Group shares tumble as broker raises questions over revenue growth April 12, 2022 Shares in the London Stock Exchange Group have plunged this morning as a top broker raised questions over the firm’s long term revenue growth.
City Moves: Who’s switching jobs in the Square Mile? April 12, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Rathbone Greenbank Investments Rathbone Greenbank Investments has hired a former investment analyst into a new role in the firm’s London office. Joining as impact manager, Marian Woodward will be responsible for identifying further impact investment opportunities for [...]