DP World Chairman Quits Over Epstein Links After 40 Years
Sultan Ahmed bin Sulayem steps down from DP World, owner of P&O Ferries, following revelations of ties to Jeffrey Epstein, prompting investment suspensions.
Category : Corporate
Business Ethics: When Should CEOs Speak Out on Political Issues?
As 60 Minnesota CEOs sign an open letter addressing ICE tensions, Oxford philosopher Athol Williams examines the moral responsibilities of businesses in political conflicts and when corporate silence becomes ethically justifiable.
Euro Car Parks Fined £473,000 in First CMA Penalty Under New Powers
The Competition and Markets Authority has imposed a £473,000 fine on Euro Car Parks for failing to respond to information requests, marking the first use of its 2024 fining powers. The high court refused an injunction to stop the regulator from naming the
DP World CEO Exits Over Epstein Email Scandal
Sultan Ahmed bin Sulayem departs as chair and CEO of DP World following revelations of his communications with Jeffrey Epstein, prompting major partners to halt deals.
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Bank Boss Pay Soars Amid Bumper Profits at Major UK Banks
Annual reports reveal a growing gap between executive and worker rewards at Barclays, NatWest, and Lloyds, with CEO pay surging up to 33% while bonus pools lag behind.
Dimon's Legacy at Risk from Epstein Files and Trump
JP Morgan Chase CEO Jamie Dimon faces scrutiny over bank's Epstein ties and a $5bn Trump lawsuit as his career nears its end, testing his reputation as Wall Street's moral compass.
Natwest CEO Pay Hits £6.6m Amid Bonus Surge
Natwest's chief executive Paul Thwaite received a £6.6m pay package, a 33% increase, as the bank's profits reached a post-crisis high of £7.7bn. The rise follows deregulation of bonus caps post-Brexit.
NatWest CEO Paul Thwaite Gets £2.4 Million Payout
Paul Thwaite, the new permanent CEO of NatWest, has been awarded a £2.4 million payout, sparking debate over executive compensation and comparisons to past controversies.
NatWest Ups Bonuses 13% as Trading Unit Jumps
NatWest Group has raised bonuses for its highest-performing employees by 13% following a 71% increase in its trading unit's performance, reflecting strong financial results.
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Goldman Sachs Top Lawyer Exits as De Giorgi Departs
Goldman Sachs' top lawyer, Marco De Giorgi, has departed the firm, marking a significant leadership change in the bank's legal department.
Citigroup CEO Jane Fraser's Pay Rises to $42 Million
Citigroup CEO Jane Fraser's total compensation increased to $42 million in 2023, reflecting her leadership in the bank's restructuring efforts and financial performance.
Goldman Sachs Lawyer Quits After Epstein 'Uncle' Emails Revealed
Kathy Ruemmler, Goldman Sachs' chief legal officer, resigns following emails showing close ties to Jeffrey Epstein, whom she called 'Uncle Jeffrey,' raising conflict concerns.
Goldman Sachs Counsel Ruemmler Departs After Epstein Links
Goldman Sachs' top lawyer Kathryn Ruemmler is leaving the bank following scrutiny over her past legal work for Jeffrey Epstein, marking a significant leadership change.
Susie Ma on Buying Out Lord Sugar: 'It Felt Liberating'
Former Apprentice contestant Susie Ma discusses her journey from market stall to £68m turnover, revealing why buying back Lord Sugar's shares felt like 'steering the ship by myself'.
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KKR's Arctos Deal: Private Equity's Strategic Pivot Beyond Sports
KKR's $1.4bn acquisition of Arctos Partners reveals private equity's shift toward regulatory preparedness and diversified platforms, not just sports investment growth.
NatWest Awards £500m Bonus Pool After Privatisation
NatWest Group will disclose a £490m bonus pool for 2025, a 10% increase, as it completes its transition to full private ownership after 17 years of state control.
Schroders CEO on $9.9bn Nuveen Deal: Excitement to Shock
The CEO of Schroders shares candid insights on the emotional journey behind the $9.9 billion mega-deal with Nuveen, revealing initial excitement and subsequent shock.
Jes Staley's Epstein Trust Role Contradicts Court Claims
Documents reveal Jes Staley served as a trustee for Jeffrey Epstein's estate until 2015, conflicting with his 2025 court testimony denying the role. The trust details millions in bequests and raises questions about his ties to the convicted sex offender.
SFO Drops London Mining Bribery Case After 10-Year Probe
The Serious Fraud Office has officially dropped all corruption charges against former London Mining executives, citing insufficient evidence after a decade-long investigation into alleged bribery in Sierra Leone.
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BNP Paribas, Wells Fargo Lead £10bn Schroders Deal
BNP Paribas and Wells Fargo have been appointed as key advisors on a major £10 billion capital deal for Schroders, highlighting their roles in high-value financial transactions.
Close Brothers MD: From Gordon Ramsay to Banking Success
Chiara Caldwell, managing director at Close Brothers, reveals her unique career path from fine dining hospitality to corporate finance leadership in London's Square Mile.
Morgan Stanley Hires Ex-DMO Chief Stheeman
Morgan Stanley has recruited Robert Stheeman, former head of the UK Debt Management Office, for a senior position, leveraging his expertise in government finance and debt markets.
Schroders' £9.9bn Takeover Ends 200-Year Family Ownership
Historic British asset manager Schroders agrees to a £9.9bn acquisition by Chicago-based Nuveen, creating a global giant with $2.5tn in assets while retaining London as its largest office.
Schroders Acquired by Nuveen in £9.9bn Deal
American investment firm Nuveen acquires UK asset manager Schroders for £9.9 billion, creating a global giant with £1.8 trillion in assets under management.
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Nuveen Buys Schroders in £9.9bn Asset Management Deal
Nuveen, the investment arm of TIAA, has agreed to purchase Schroders in a landmark £9.9 billion transaction, reshaping the global asset management landscape.
Salesforce CEO's ICE Joke Causes Employee Uproar
Salesforce CEO Marc Benioff faced internal criticism after joking about the company's contract with ICE, highlighting ongoing tensions over tech ethics and corporate responsibility.
Banctrust Board Shake-Up as Investment Bank Faces Uncertainty
Banctrust, a prominent City investment bank, has announced a major board restructuring as it navigates an uncertain financial future, sparking industry speculation.
Banks Return to Wealth Management as Core Strategy
Leading financial institutions are re-emphasizing wealth management divisions, viewing them as stable revenue sources amid market volatility and changing client demands.
Synthomer Eyes Share Sale to Shore Up Finances
London-listed specialty chemicals producer Synthomer is exploring a share sale to raise tens of millions of pounds, aiming to fortify its balance sheet amid declining demand and substantial debt.
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CVC's Global Sport Group Announces £2bn Pimco Deal
CVC Capital Partners' Global Sport Group is finalizing a £2 billion debt financing deal with Pimco, chaired by former UK Prime Minister Gordon Brown, expanding its sports investment portfolio.
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