Financial Reporting Council CEO Richard Moriarty argues auditors' professional skepticism and fine judgments remain irreplaceable by AI, while addressing audit reform setbacks and private equity interest in the sector.
Zopa Bank reports third consecutive profitable year with 42% pre-tax profit increase, but warns of being 'penalized' by FCA's motor finance redress scheme requiring £7.9m provision.
HSBC is considering cutting up to 20,000 jobs as part of a major restructuring plan driven by artificial intelligence, aiming to boost efficiency and reduce costs significantly.
Four senior London Stock Exchange Group employees have moved to post-trade services firm OSTTRA, strengthening its leadership team after its acquisition by private equity giant KKR last year.
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Former Canadian Prime Minister Justin Trudeau will deliver a keynote at EuroFinance International 2026, addressing Europe's treasury executives on geopolitical risk, economic resilience, and navigating global volatility in uncertain times.
The prestigious City AM Awards return with an exceptional lineup of finalists across multiple categories, showcasing London's most influential business leaders, companies, and innovators. Winners will be announced at the Guildhall on May 6, 2026.
Kid Rock expressed shock at the Justice Department's settlement with Live Nation, questioning why the antitrust trial wasn't allowed to proceed. The rocker was set to testify alongside other industry figures.
A US court has ordered Krafton to reinstate Unknown Worlds' leadership after its CEO used ChatGPT to try to avoid paying a $250 million earnout bonus, following the studio's acquisition.
Victory Capital has increased its cash-and-stock offer for Janus Henderson to $40 per share, intensifying the bidding war with Trian Fund Management and General Catalyst.
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Bank of America has reached a settlement in a civil lawsuit alleging it facilitated Jeffrey Epstein's sexual abuse by ignoring suspicious transactions. The deal awaits judicial approval.
Starbucks shareholders are campaigning to remove board members Jørgen Vig Knudstorp and Beth Ford, citing stalled union negotiations and escalating labor disputes since 2021.
Close Brothers banking group announces 600 job cuts and rapid AI rollout to cut costs, as shares tumble over a £300m provision for the UK motor finance scandal.
Warner Bros Discovery CEO David Zaslav could receive up to $700 million from the Paramount acquisition, including severance and stock awards, amid studio success at the Oscars.
Trustpilot's shares surged 16.9% after the FTSE 250 firm reported a near-tripling of pre-tax profit to £14.1m for 2025, crediting AI investments for boosting visibility and growth.
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Close Brothers announces a 20% workforce reduction, cutting 600 jobs by 2027, as it faces mounting losses from the motor finance mis-selling scandal and aggressive cost-cutting measures.
Workplace management experts are urging professionals to abandon the clichéd 'hope you're well' email opener, calling it impersonal and dull. They recommend more thoughtful alternatives to create better connections.
US cannabis firm Tilray Brands has acquired Brewdog's US operations, including bars and a brewery, after purchasing the craft beer giant's UK and Australian arms, resulting in significant job losses.
Italian banking giant UniCredit escalates its pursuit of Germany's Commerzbank with a €34.7bn hostile takeover attempt, triggering strong resistance from the German government which seeks to protect the lender's independence.
Edinburgh Worldwide Investment Trust's chair warns shareholders that a US activist investor is likely to seize control, urging support for a tender offer as the only remaining option to avoid Saba Capital's governance overhaul.
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Citigroup's UK mergers and acquisitions head, James Evans, has been appointed to the Takeover Panel, a key regulatory body overseeing corporate takeovers in the UK.
Julius Baer's CEO, Philipp Rickenbacher, saw his total compensation increase significantly after being recruited from Goldman Sachs, reflecting competitive market pressures in private banking.
Standard Chartered has appointed a new head for its oil and gas mergers and acquisitions division, signaling strategic focus on energy sector deals amid market shifts.
Tommy Thompson, who discovered the historic Ship of Gold, has been released from prison after 10 years. He never revealed the location of 500 missing gold coins from the 1857 shipwreck, leaving investors and authorities in the dark.
Antony Catalano, co-owner of Australian Community Media, has taken a six-month leave and entered rehab following charges of assaulting a woman, with ACM distancing itself from the executive.
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Entrepreneur Michael Hayman has been unanimously elected as the new chair of the British Chambers of Commerce, succeeding Sarah Howard who served for over six years.
Italian banking giant UniCredit has officially launched a takeover offer for Germany's Commerzbank, aiming to create a major European financial powerhouse.
UK workplaces are plagued by 'hookworm' colleagues who sabotage peers while flattering bosses. Experts reveal how to identify and deal with these toxic personalities.
Goldman Sachs has increased compensation for its London-based staff to an average of £960,000, driven by a significant rise in trading and dealmaking fees, reflecting robust financial performance in the City.
London's financial sector is grappling with a severe shortage of board chairs, with firms citing high pressure and limited upsides as key deterrents for top executives.
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The Diversity Project has rebranded to Inclusion in Finance, expanding its focus to promote broader inclusivity across the financial sector in London and beyond.
