Law Society backs calls to smash City’s ‘class ceiling’ by boosting social mobility November 30, 2022 The Law Society today backed calls to break the “class ceiling” by boosting social mobility in the City. The solicitors’ body came out in support of the City of London’s push towards 50 per cent of senior leaders in the financial and professional services sector coming from non-professional backgrounds. The Law Society said it [...]
BDO partners see payouts drop following £70m hiring spree November 30, 2022 BDO’s managing partner today said the firm will continue investing in long-term growth after partners saw their payouts drop 15 per cent as the result of a £70m spending spree. Speaking to City A.M. Paul Eagland also refused to rule out a firm-wide split as he signaled BDO may follow EY in separating its audit [...]
Major City report sheds light on ‘class ceiling’ blighting financial services November 30, 2022 A major City report into social mobility has called to “break the ‘class’ ceiling” and get more people from non-professional backgrounds in boardrooms. The industry must “act now” to make the workforce more socio-economically diverse, with a lofty goal of at least half senior leaders in financial and professional services being from that background by [...]
Credit Suisse shares tumble to record lows as sell-off continues November 29, 2022 Shares in Credit Suisse tumbled to record lows today as investors continued to shun the firm after warnings of a $1.5bn loss last week.
Crypto AM Awards: And the winners are… November 29, 2022 Some of the finest people and businesses in cryptocurrency and blockchain were honoured at the Crypto AM Summit and Awards 2022.
The role of VC investors in FTX – too big to fake? November 29, 2022 CMS Law's Charlie Kerrigan picks through the levels of disbelief that FTX were able to hoover up VC cash without anyone smelling a rat.
The man behind the O2 says Brits back ‘good times’ in the face of recession November 29, 2022 The man behind London’s The O2 says that despite cost of living concerns, people are still spending big on events, with the consumer mindset shifting to “having good times”. Paul Samuels, who heads up global partnerships at events giant AEG, told City A.M. that the arena is yet to see a dip in visitors amid [...]
Bitcoin reminds us to question where is, and how safe is, my money? November 28, 2022 Jonny Fry argues that recent events have seen Bitcoin holders learn a lesson and be spurred into action to take back control.
Credit Suisse shares dive as stability concerns spread November 28, 2022 Shares in embattled Swiss lender Credit Suisse plunged beyond eight per cent today as fears over the banks' stability spread in the wake of a profit warning last week.
Semiconductor industry’s grip on globe to loosen next year in economic downturn November 28, 2022 The semiconductor sector is bracing for slipping demand next year, as the grip the industry had on consumer and industrial-facing businesses loosens. Global revenue generated by computer chips, crucial bits of tech used in most of today’s electronics, is expected to fall 3.6 per cent in 2023, according to tech research and consulting giant Gartner. [...]