Bank of America Promotes Lo Piccolo to Lead Italy
Bank of America has promoted Andrea Lo Piccolo to lead its operations in Italy, a strategic move to strengthen its presence in the European market.
Category : Corporate
Nicola Peltz's $1M Monthly Allowance Exposed
Nicola Peltz reportedly receives a $1 million monthly allowance from her billionaire father, amid family drama with the Beckhams. Details on her lifestyle and spending habits.
Amazon Confirms 16,000 Job Cuts After Email Error
Amazon has announced 16,000 global redundancies after an internal email was mistakenly sent to staff, bringing total white-collar cuts to 30,000 in six months.
Deutsche Bank Offices Raided by German Prosecutors
German prosecutors have executed search warrants at Deutsche Bank offices in Frankfurt, investigating potential compliance failures related to money laundering and terrorist financing.
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KKR in Talks for £2.4bn CVC Sports Stake
KKR is negotiating a £2.4bn deal to invest in CVC's Global Sport Group, which holds stakes in Six Nations Rugby, women's tennis, and European football leagues.
BlueCrest Fights £200m Tax Ruling as HMRC Battle Begins
BlueCrest Capital Management has launched a fierce defence against a £200m tax bill from HMRC, criticising the ruling as 'hopelessly vague' in a high-stakes legal battle.
Hakluyt Taps Sedwill and Boro for Board Roles
Strategic advisory firm Hakluyt strengthens its board with former cabinet secretary Lord Mark Sedwill and Economist Group CEO Lara Boro, enhancing its geopolitical and digital expertise.
Amazon to Cut 16,000 Jobs in Global Restructuring
Amazon has confirmed plans to cut approximately 16,000 jobs worldwide as part of a strategic effort to streamline operations and reduce bureaucracy across the business.
Amazon Job Cuts Revealed in Error Email
Amazon accidentally disclosed fresh global job cuts in an email sent in error to AWS workers, referencing 'Project Dawn' and affecting US, Canada, and Costa Rica roles.
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Fitzwalter's Final Bid for Auction Tech Group
Fitzwalter Capital makes a final 400p per share cash offer for Auction Technology Group, warning shareholders risk missing out if the board restricts due diligence access.
Santander Hires Barclays' Lindop for Metals & Mining Deals
Santander has recruited James Lindop from Barclays to head its metals and mining investment banking division, aiming to boost dealmaking in the sector.
Deutsche Numis Trims Senior Dealmakers in Strategy Shift
Deutsche Numis reduces senior dealmaking roles in London despite a planned hiring spree, reflecting strategic adjustments in the competitive investment banking sector.
Man Group Hires Former HSBC Europe Boss Bell
Investment firm Man Group has recruited former HSBC Europe head John Bell to bolster its leadership team, marking a significant strategic move in the financial sector.
Citigroup Hikes London Dealmaker Bonuses by 15%
Citigroup has increased bonuses for its London-based dealmakers by up to 15%, aiming to retain top talent in a competitive financial market.
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Sydney Sweeney Could Face Charges Over Hollywood Sign
Actress Sydney Sweeney may be charged with trespassing and vandalism after hanging bras on the Hollywood sign to promote her new lingerie line SYRN.
UPS to Cut 30,000 Jobs in 2026 Turnaround Plan
United Parcel Service announces up to 30,000 job cuts in 2026, adding to previous reductions, as it shifts from low-margin Amazon deliveries to boost profitability and revenue.
KPMG Global Chair and CEO Election Underway
KPMG International launches process to elect new global chair and CEO to succeed Bill Thomas, with candidates emerging amid sector challenges including AI, regulatory pressures, and private equity interest.
Cafe Foils Fraudster's Milkshake Injury Scam
A Brighton man with nearly 200 previous offences was caught trying to scam an Eastbourne cafe with a fabricated story about a milkshake cup lid injuring his grandchild.
Osborne Firm Pays £1m Despite Losses
George Osborne's family wallpaper company paid nearly £1m to directors while posting £473k losses, with sales hit by Trump tariffs and tax payments plummeting.
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BlueCrest's £200m Tax Fight Hits Supreme Court
Michael Platt's hedge fund BlueCrest Capital faces HMRC at the Supreme Court in a landmark case over whether LLP members are 'disguised employees' for tax purposes, with £200m at stake.
Dr Martens Shares Slump 13% After Sales Drop
Dr Martens shares fell 13% after reporting a 2.7% revenue decline in the golden quarter, driven by weak direct-to-consumer sales in Europe and Asia.
Rokos Hires Deutsche Bank's Hsaini as Head of Quantitative Investing
Rokos Capital Management has hired Deutsche Bank's Karim Hsaini as its new Head of Quantitative Investing, marking a strategic move to enhance its quantitative strategies in the competitive hedge fund landscape.
McDermott's London Revenue Jumps 53% After Merger
McDermott International's London office reports a 53% revenue surge to $1.2 billion following its merger with CB&I, driven by major energy projects.
Katie Price Defends Husband Over AI and Career Fraud Claims
Katie Price has publicly supported her new husband, Lee Andrews, following allegations he fabricated his business and career using AI, as she declares unconditional love.
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Ex-Citigroup Executive Sues Over Sexual Harassment
A former Citigroup executive has launched a legal claim against the bank, alleging she faced sexual harassment and discrimination during her employment.
Policy Uncertainty Drives Record UK Profit Warnings
Analysis reveals UK-listed companies issued 240 profit warnings last year, with a record 42% blaming policy uncertainty and geopolitics, particularly affecting tech and retail sectors.
UBS Asset Management UK Head Nasreen Kasenally to Exit
Nasreen Kasenally, the head of UBS Asset Management in the UK, is set to leave the firm, marking a significant leadership change in the financial sector.
Spire Healthcare in Private Equity Takeover Talks
Spire Healthcare, the UK's largest private hospital provider, is in early-stage discussions with private equity firms including Bridgepoint and Triton about a potential sale that could see it delisted from the London Stock Exchange.
Cummings' Final Mission: Defeat UK Safetyism
Chris Cummings, outgoing head of the Investment Association, targets the UK's 'safetyism' culture as his last major initiative, aiming to boost economic growth and competitiveness.
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Minister Accused of Ignoring £2bn Car Finance Tax Loophole
City Minister Lucy Rigby faces criticism for dismissing concerns over a £2bn tax loophole that allows banks to avoid tax on compensation payouts in the car finance scandal.
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