Virgin Money's CEO Chris Rhodes will retire in September 2026 as Nationwide completes the legal consolidation of its £2.9bn acquisition, creating the UK's second-largest retail banking provider.
Edinburgh Worldwide Investment Trust chair Jonathan Simpson-Dent leads a campaign urging the Financial Conduct Authority to tighten rules protecting trusts from aggressive activist campaigns, following repeated challenges from hedge fund Saba Capital.
Major Wall Street banks have granted substantial pay increases to their investment banking leaders following a year of strong performance and record-breaking deals.
Beechbrook Capital faces millions in write-offs after Give Me Cosmetics enters administration, highlighting broader private credit market jitters amid investor withdrawals and economic pressures.
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JPMorgan Chase has appointed a new head for its European equity capital markets division, with a strategic focus on regaining its top position in the region's competitive financial landscape.
JP Morgan CEO Jamie Dimon's annual shareholder letter advocates for strengthening US economic ties with allies while subtly criticizing Trump's tariff policies and foreign approach.
Dozens of UK companies may lose their B Corp ethical certification following a major standards overhaul by B Lab. The new rigorous process requires meeting non-negotiable standards across seven categories, with third-party audits verifying compliance.
London algorithmic trading firm XTX Markets, founded by billionaire Alex Gerko, faced a corporation tax bill exceeding £500m in 2025, accounting for 0.7% of UK's total receipts.
Private equity acquisitions plummeted by over a third in Q1 2026 as market turmoil from Middle East tensions and AI's threat to software businesses stifles dealmaking activity.
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Kasey Grelle, 41, founder and CEO of Aux Insights, died in a tourist truck accident in Nicaragua. Her 11-year-old son Julian suffered severe injuries. The family faces financial strain as a GoFundMe raises over $310,000.
Shirine Khoury-Haq received a £2 million exit package after stepping down as Co-op Group CEO following a difficult year marked by financial struggles and strategic challenges.
Edinburgh Worldwide Investment Trust has proposed a tender offer after years of pressure from activist investor Saba, marking a potential end to one of Britain's oldest investment funds.
Elon Musk is requiring banks involved in SpaceX's massive IPO to purchase subscriptions to Grok AI, creating a unique distribution channel while raising capital for the space company's historic public offering.
A British intern suffered life-changing injuries, including a double amputation, after a Michelin-star chef drove over him twice in Antwerp. The chef received a suspended sentence.
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Morgan Stanley has appointed a new head for its German operations, while law firm Linklaters expands its partnership team in a strategic move to strengthen European presence.
Brevan Howard, a major hedge fund, is providing Abu Dhabi-based employees with the option to temporarily relocate as the conflict in the region continues, highlighting financial sector adaptations.
Christopher Joell-Deshields, former CEO of Pride in London, has been dismissed after allegations he spent £7,125 of volunteer vouchers on luxury goods like Apple products and perfume.
Robert Bush pleaded guilty to preventing lawful burial of 30 bodies and fraudulently giving families wrong ashes while stealing from charities in a shocking Hull funeral home case.
Italian regulators have imposed an eight-figure fine on Revolut for misleading customers about fees and investment terms, with the fintech giant planning to appeal the decision.
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The Financial Reporting Council has closed its investigation into KPMG's audit of gambling giant Entain, deciding against enforcement action following review of evidence.
A former funeral director who gave dozens of families incorrect ashes, including those of unborn children, pleaded guilty to 30 offences after police found 35 bodies and over 100 sets of ashes at his Hull business.
Evercore has outperformed larger competitors in UK dealmaking fees, securing a top position in the league table amid a challenging market environment.
Elon Musk's SpaceX has confidentially filed for an IPO, potentially raising $75 billion and targeting a $1.75 trillion valuation. The company has enlisted major banks and could list as early as June.
The UK's Financial Reporting Council has concluded its investigation into KPMG's audit of Entain, finding no breaches of ethical or technical standards in the 2019 review.
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Meg O'Neill takes helm at BP as oil giant faces strategic overhaul while benefiting from Iran conflict windfall. Meanwhile, Heathrow's third runway costs spark concerns, and football regulator pushes for financial settlement.
Aberdeen Asset Management's prolonged search for a new chairman is attributed to a mix of unfortunate timing and intense competition for top talent in the financial sector.
HSBC has appointed a former BBVA executive to head its Swiss private banking operations, marking a strategic move to strengthen its wealth management services in Europe.
Sport data giant Sportradar faces multi-million pound lawsuits in London and New Jersey courts, accused of anti-competitive behavior toward software firm Altenar.
Unilever combines its food business with McCormick in a $44.8 billion deal, creating a complex merger that has drawn skepticism from shareholders.
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M&S CEO Stuart Machin argues CEOs should stay connected on holiday, while critics warn against burnout. Experts debate whether constant availability boosts security or damages leadership.
