Crypto market stays flat as Binance faces legal trouble and Citi predicts tokenisation boom April 3, 2023 CryptoCompare's Francisco Memoria looks over the past seven days in the crypto calendar to decipher what narratives have moved the market.
The new audit regulator’s boss should be based in London, not Birmingham April 3, 2023 Will the arrival of just shy of 200 regulatory staff in Birmingham, relocated from London, make a tremendous difference to the West Midlands economy? Probably not. Will putting half the staff of the new audit regulator in Birmingham risk making the body less effective? That ones easier: yes. The plan for the CEO of the new [...]
New audit watchdog: FRC set to confirm CEO will move from London to Birmingham March 31, 2023 The CEO of the newly former audit watchdog will be based in Birmingham - a more than hour long train journey away from the country’s auditors, City A.M. understands.
Ed Warner: Is China about to bring Russia and its athletes in from the sporting cold? March 30, 2023 The war in Ukraine doesn’t look like ending any time soon. Just as Russia is recalibrating its geopolitical and industrial relations, so the prospect of a conflict stretching years into the future will necessitate a realignment of its place in the sporting world. Asia’s warmth towards the Kremlin points a way back into the international [...]
Exclusive: Home REIT’s biggest tenant dished out £1.2m to bosses before bankruptcy March 27, 2023 The three bosses of Home REIT’s now-bankrupt biggest tenant pocketed over £1.2m last year even as the firm struggled to pay rent and slumped to a multi-million-pound loss, City A.M. can reveal. Gurpaal Judge, the chief of Wolverhampton-based social housing provider Lotus Housing, hiked his own and two directors’ pay to £1.2m in 2022 – [...]
UK hosts crunch talks on Putin ‘war crimes’ investigation March 20, 2023 International justice ministers are meeting in London to discuss support for the investigation into war crimes in Ukraine. The International Criminal Court (ICC) has issued a warrant for Russian leader Vladimir Putin’s arrest, accusing him of bearing personal responsibility for the abduction of children. It is the first arrest warrant to be issued against a [...]
Citizens Advice calls for better use of personal data to create social tariff March 8, 2023 The government should use Brits' personal data about income tax rates and energy usage to create a new social tariff, argues Citizens Advice.
PwC fined £7.5m over repeated failures in audit of Babcock International’s accounts March 8, 2023 Britain’s accounting watchdog has fined PwC and two of its former partners a combined sum of almost £8m over repeated failures in the firm’s audits of UK defence company Babcock International and its Plymouth dockyard subsidiary. The UK’s Financial Reporting Council (FRC) hit PwC with a £7.5m fine – discounted to £5.625m for the firm’s [...]
Crypto markets respond to latest US inflation numbers March 8, 2023 The price of Bitcoin was falling from $22,012 this morning, while Ethereum is valued at $1,554 as crypto markets respond to interest rate news.
Almost all London councils set to raise taxes as funding situation becomes ‘unsustainable’ March 7, 2023 More than half of local councils in England are set to make cuts to services while raising council tax by the highest possible amount amid an “unsustainable” funding system. A fifth of London councils say budget cuts will be evident to the public and almost 95 per cent will raise residents’ council tax bills, the [...]