BlackRock Increases Fink's Security Spend $500,000
BlackRock raised CEO Larry Fink's personal security budget by $500,000 amid rising threats. The move reflects growing concerns for executive safety in the financial sector.
Category : Corporate
Moelis Hires Jefferies' Rosedale for London Sponsors Team
Moelis & Company has hired David Rosedale from Jefferies to head its financial sponsors coverage in London, strengthening its private equity relationships.
JPMorgan Promotes 135 New MDs in Banking and Markets
JPMorgan Chase has promoted 135 new managing directors in its banking and markets division, reflecting continued investment in senior talent.
Shackleton Buys £10bn Rival Wealth Manager
Shackleton, a private equity-backed wealth manager, acquires a £10bn rival, strengthening its position in the UK wealth management sector.
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KPMG Cuts 140 US Audit Partners in Global Restructuring
KPMG is laying off about 140 US audit partners, following 600 UK job cuts. The Big Four firm aims to reduce headcount amid profitability pressures.
US Soldier Charged for $400K Bet Using Classified Info
A US Army master sergeant allegedly used classified information to win $400,000 betting on the capture of Venezuelan leader Nicolas Maduro. He faces multiple federal charges.
Lloyds Earnings Spotlight Motor Finance and Wealth
Lloyds Banking Group's first-quarter update will highlight motor finance provisions and wealth management expansion, as investors seek progress amid market volatility.
KPMG and EY Demote Senior Equity Partners Amid Slump
Big Four firms KPMG and EY are demoting UK senior equity partners to salaried roles, cutting costs as consulting faces slowing demand, AI disruption, and competition.
KPMG and EY Demote Senior Equity Partners
KPMG and EY are downgrading UK senior equity partners to salaried roles, cutting costs amid consulting industry pressures from AI and competition.
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Meta to Cut 8,000 Jobs as AI Spending Hits $135bn
Meta Platforms plans to cut 8,000 jobs, roughly 10% of its workforce, as it ramps up AI spending to $135bn, marking one of its largest layoff rounds.
JD Sports Chair Quits After Failed CEO Ouster Attempt
Andy Higginson stepped down as JD Sports chair after failing to convince the board to remove CEO Régis Shultz amid slowing sales and stalled US growth.
Insurance CEOs See Major M&A Disruption: KPMG
KPMG report reveals over 50% of insurance CEOs anticipate high-impact M&A deals, with AI investment and cybercrime as key concerns.
£187K Now Needed for High Salary in London, Experts Say
Earning £100,000 in London no longer guarantees a high standard of living due to inflation and tax thresholds. Financial experts suggest £154,128 nationwide or £187,200 in London as a new benchmark for a high salary.
Apprentice Winner Makes £300K After Typhoon Disaster
The Apprentice winner Karishma Vijay has made nearly £300,000 in sales just one week after losing £25,000 in stock due to a typhoon that sank her shipment.
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Palantir exec rebuts Polanski's NHS claims
Louis Mosley, Palantir UK head, refutes Green Party leader Zack Polanski's viral video criticising the firm's NHS role, correcting inaccuracies and defending the data platform contract.
Barclays Hires Jefferies' Yildiz for European Sponsors Role
Barclays has appointed Jefferies dealmaker Yildiz as co-head of European financial sponsors, strengthening its investment banking team.
Tesla's Mixed Q1 Earnings as Musk Pivots to AI and Robots
Tesla reported mixed first-quarter financial results, with earnings beating expectations but revenue missing. CEO Elon Musk emphasized AI and robotics, but the stock remains sluggish amid competition and demand challenges.
Billionaire Numbers Forecast to Rise 25% in Five Years
Analysis by Knight Frank predicts the global billionaire population will reach nearly 4,000 by 2031, driven by tech and AI profits, while wealth inequality widens.
Billionaire's Secretary Charged Over $1.6M Luxury Fraud
Annalouise Spence, former private secretary to philanthropist Judith Neilson, faces 68 fraud charges for allegedly using a business credit card to make over $1.6 million in unauthorized luxury purchases.
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Santander Pauses €5bn Buyback for US Webster Deal
Santander suspends its €5bn share repurchase program to comply with US regulations during its $12.2bn acquisition of Webster Financial, impacting shareholder votes.
RELX's AI Tools Drive Strong Start to 2026
FTSE 100 group RELX announces robust growth across all divisions in early 2026, driven by increasing demand for AI-enabled data and analytics products that enhance customer decision-making.
Sainsbury's: Iran War to Hit Customers and Business
Sainsbury's reports profit growth but warns the Iran conflict will impact customers and operations, as food inflation fears rise and Argos struggles continue.
Capital Solutions Rewritten as Growth Catalysts by Mayer Brown
International law firm Mayer Brown reveals how capital solutions are evolving from distressed debt instruments to sophisticated growth accelerators, with bespoke structures filling gaps left by traditional banks in the UK market.
Lendinvest Executive Ousted Over Non-Financial Misconduct
Hugo Davies, former chief capital officer at property fintech Lendinvest, was dismissed in March following whistleblower allegations of non-financial misconduct.
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Goldman Sachs Hikes EU Hub Pay 19% After Revenue Bounce
Goldman Sachs has increased compensation for its European Union hubs by 19% after a significant revenue recovery, reflecting strategic shifts post-Brexit and competitive pressures in the financial sector.
AI Governance Guide for Corporate Boards: Practical Framework
Corporate boards must navigate AI bias, data governance, and decision accountability as AI transforms industries. A three-part framework offers guidance for fiduciary duty compliance.
FCA Faces Legal Challenge Over Motor Finance Scheme
Consumer Voice challenges FCA's £9bn motor finance redress scheme, arguing it leaves millions under-compensated. Lenders also criticize the plan.
Aberdeen Assets Fall as Interactive Investor Grows
Aberdeen reported a drop in assets under management to £547.7bn amid market volatility and outflows, while Interactive Investor saw record customer growth and inflows.
Apple's New CEO John Ternus Confronts Four Major Leadership Challenges
As John Ternus prepares to succeed Tim Cook as Apple's CEO in September, analysts identify four crucial challenges including AI strategy, iPhone diversification, geopolitical navigation, and services expansion for the $4 trillion tech giant.
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Youth Leadership Reshaping Business Boardrooms
Zohran Mamdani's election as New York mayor signals a youth leadership movement impacting corporate decision-making, as younger employees demand faster adaptation on climate and technology.
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