Shack up or ship out – why London’s rental market is no place for singles May 23, 2023 London’s notoriously cut-throat rental market has long lured couples into cohabitation in desperate efforts to save costs as opposed to it being the next natural step in the relationship. However, over the past 12 months a cocktail of shrinking supply and rising rents has made trying to find a home or even a room in [...]
Insurance firm AXA tells UK to hurry up on rules for self-driving cars May 22, 2023 Insurers have called on the UK government to get a move on with legislation for self-driving cars or risk creating a “messy” middle ground for insurance firms where liability isn’t clear. AXA’s CEO Claudio Gienal has written to Chancellor Jeremy Hunt calling for clear legislation to be implemented as soon as possible to make sure [...]
Even Biden’s green subsidies can’t solve the climate crisis without private money May 22, 2023 Addressing the impacts of climate change, and making ourselves resilient to them, requires even more than what governments are able to offer, writes Nicholas Lyons.
Harnessing asset tokenisation for ‘risk-free’ yields May 20, 2023 Introducing Matrixport - a trusted digital assets ecosystem providing one-stop crypto financial services.
Crisis over? Pacwest and Western Alliance rise again as investors bet worst is over May 18, 2023 Investors are increasingly hopeful that the crisis which has engulfed US regional banks over the past couple of months is coming to an end. Some of the banks which have been worst affected by fears of a broader banking crisis in the wake of the collapse of Silicon Valley Bank (SVB) and First Republic have [...]
Why risk culture could be a competitive advantage for your business May 18, 2023 The recent turmoil in the banking sector has underlined the importance of risk culture as a fundamental component of business resilience. The failures of Credit Suisse, First Republic and other banks are a stark reminder of why we must incorporate risk into governance and strategy. All too often, risk management is associated with compliance and [...]
Former London Capital & Finance CEO sentenced after splashing hidden funds on pricey Italian getaway and hot tub May 17, 2023 The former CEO of now collapsed London Capital & Finance was handed a suspended sentence today after he was found to have breached an asset freezing order, splashing hidden funds on a holiday, hotel stay and a hot tub. The Serious Fraud Office froze Michael Thomson’s assets as part of its ongoing investigation into suspected [...]
Wells Fargo reaches £800m settlement with shareholders over recovery from scandals May 16, 2023 Wells Fargo has agreed to pay $1bn (£798m) to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. A preliminary settlement of the proposed class action was filed late Monday night with the federal court in Manhattan, and requires a judge’s [...]
Fraud warning as insolvency surge sees more directors investigated for corporate misconduct May 15, 2023 The Insolvency Service last year launched 36 per cent more investigations into the alleged misconduct of directors of insolvent companies than the year before, data from international law firm RPC shows. According to RPC, the number of investigations increased from an average of 142 per month between April 2021 and March 2022 to 193 between [...]
Schroders boss: Asset management must ‘come to the party and embrace risk’ to revive London markets May 12, 2023 The asset management sector needs to “come to the party” and “embrace risk” in order to revive London’s floundering status as an international financial centre, the chief of Schroders said today, in a rallying cry for sweeping change in the City.