Banks set to escape tax rises in Reeves budget
Chancellor Rachel Reeves is expected to spare Britain's banking sector from tax rises in her first major Budget, despite previous Labour criticism of bank profits during the cost-of-living crisis.
Category : Search result: financial penalty
Goldman Sachs hires Evercore banker for Evelyn Partners sale
In a significant recruitment coup, Goldman Sachs has hired senior Evercore banker James Rucker to spearhead the upcoming sale of Evelyn Partners' wealth management division, signalling intensified competition in London's financial advisory landscape.
Wise Profits Dip as US Listing Move Confirmed
London-based fintech pioneer Wise reports 22% profit decline amid strategic shift to US primary listing, raising questions about UK's appeal to tech giants.
JPMorgan hit with record €35.8m German fine
Germany's financial regulator BaFin imposes unprecedented penalty on banking giant JPMorgan over serious transaction reporting lapses spanning five years.
Schwimmer urges Reeves to unleash £100bn stock market boom
London Stock Exchange chief Julia Hoggett joins forces with former boss Xavier Rolet in urgent plea to Rachel Reeves to unlock Britain's investment potential and spark £100bn market boom.
7 Health Conditions Eligible for Extra Financial Support
Discover which common health conditions could make you eligible for additional financial assistance through Personal Independence Payment (PIP) benefits.
Banks escape Rachel Reeves tax raid after lobbying
Chancellor Rachel Reeves has abandoned plans for a major banking tax raid following fierce industry lobbying, handing Britain's financial institutions a £4bn reprieve.
Tech Titans Warn: Budget Could Derail London IPOs
Leading British tech founders warn Rachel Reeves that proposed capital gains tax changes could cripple London's appeal for tech IPOs, threatening to drive startups overseas.
Goldman Sachs London pay bill soars 26%
Goldman Sachs International's London staff costs surge to £2.8bn amid booming investment banking fees, while parent company reports stellar Q2 earnings.
BDO fined £6.5m for fake audit evidence
The UK's accounting watchdog has handed BDO a massive £6.5 million penalty after discovering the audit giant fabricated documents and misled investigators in the Aldermore Bank audit case.
Tech giants warn Reeves over UK IPO flight risk
Leading technology firms warn Chancellor Rachel Reeves that proposed tax changes could drive British companies to list overseas, threatening London's status as a financial hub.
Tice Pledges Major Reform of City Regulation
Reform UK chairman Richard Tice unveils radical plan to overhaul financial regulation, claiming current rules are stifling London's competitiveness and investment growth.
Lloyds Boss: Don't Penalise Banks Amid Private Credit Jitters
Lloyds Banking Group CEO Charlie Nunn urges regulators against imposing stricter capital requirements on traditional banks as the private credit market shows signs of strain, warning it could harm the UK economy.
LSEG rejects deception claims in data firm acquisition
LSEG vehemently denies allegations of misleading a data analytics company during its 2022 acquisition process, dismissing claims as 'opportunistic' and 'without merit' in ongoing legal battle.
Lloyds CEO: Motor Finance Scandal Threatens UK Investment
Exclusive: Lloyds Banking Group CEO Charlie Nunn voices serious concerns about how the ongoing motor finance commission scandal could damage Britain's attractiveness to global investors and impact the wider economy.
AI Bubble Fears Spark Global Market Sell-Off
World stock markets experience dramatic downturn amid growing concerns that the artificial intelligence investment boom has reached unsustainable levels, wiping billions from company valuations.
Banks hike bonuses 15% but fear dealmaker exodus
London's investment banks are hiking bonuses to retain top talent despite concerns that financial incentives alone won't prevent a brain drain from the dealmaking sector.
Vanquis warns of £7m FCA motor finance hit
Subprime lender Vanquis Banking Group faces a potential £7 million hit from the FCA's motor finance review, warning of 'material uncertainty' if the regulator doesn't change course.
M&G reaches £365bn assets as retail inflows surge
Investment giant M&G reports impressive £4.5bn net inflows for 2023, with retail investors driving growth despite challenging market conditions and pushing assets under management to £365bn.
TP ICAP revenue jumps 8% as market volatility boosts performance
The world's largest inter-dealer broker reports strong first-half performance driven by market volatility, as strategic review of data services business continues.
The £4k Mistake Costing New Investors Thousands
Exclusive research reveals how a simple investment error is costing British newcomers thousands. Discover what the pros know that you don't.
UK launches banking scheme for homeless people
A pioneering government initiative will connect homeless individuals with basic bank accounts, tackling financial exclusion and helping vulnerable people rebuild their lives.
US Government Shutdown: Real Consequences for Americans
As the US government shutdown continues, millions of federal workers face financial uncertainty while essential services from food safety to national parks feel the strain. Discover how this political stalemate is affecting everyday citizens.
Rachel Reeves's dangerous economic gamble revealed
Chancellor Rachel Reeves's recent speech promises economic stability, but experts warn it's built on precarious foundations. Analysis reveals the hidden risks in her fiscal strategy.
Chelsea's £150M buffer against FFP fines revealed
Football finance experts reveal Chelsea have built a significant £150 million buffer that could protect them from substantial penalties despite ongoing Financial Fair Play investigations.
Goldman Sachs Star Trader Joins Balyasny in Shock Move
In a major coup for the hedge fund industry, former Goldman Sachs trading star Wajih Ahmed joins Balyasny Asset Management to lead European equity efforts, marking one of the most significant moves in London's financial sector this year.
PJT Partners Fees Soar 37% in M&A Comeback
Investment bank PJT Partners reports dramatic fee growth amid resurgent merger activity, signalling strong recovery in global dealmaking with London playing key role.
Ex-Telegraph journalist joins Financial News team
Financial News bolsters its editorial team with the appointment of Harry Brennan, an experienced journalist from The Telegraph, to enhance coverage of London's professional services sector
Ex-TCI Partner's Hedge Fund Soars with 30% Returns
Edgar Allen's new hedge fund, launched after his departure from TCI, has delivered impressive 30% returns in its first year, significantly outperforming industry benchmarks and attracting substantial investor interest.
Evelyn Partners Accelerates AI Adoption in Wealth Management
Leading wealth manager Evelyn Partners reveals ambitious AI adoption strategy to transform client services and operational efficiency across their UK operations.
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