Hints and tips:
Related Special Reports
...Harrison, one of the longest-serving financial services bosses on the FTSE 100, has steered Schroders since two months before Britain voted to leave the EU; a decision that disrupted London’s status as an...
...The average cost of an audit for a public company in the UK jumped from £397,000 in 2017-18 to £694,000 in 2022-23, according to research by the Quoted Companies Alliance, which represents small and medium-sized...
...Recent ransomware targets include a Senegalese bank, a financial services company in Chile, a tax firm in Colombia and a government economic agency in Argentina, which were hit as part of gangs’ dry runs...
...But as Mark Burgess, an independent non-executive director at Aviva Investors, put it to me, this has seen “big, and indeed small, firms merge to mediocrity”, morphing into “meaningless blobs”....
...Globacap will aim to attract mid-sized UK companies to use the service, including some that are already listed, Milston said. “We’re not targeting the unicorns on day one....
...Nunes invoked harm against small investors who have flocked to Trump Media despite widening losses....
...Most accountancy firms are small and need to scale up to benefit. That creates a reason for acquisitions, which can be hard for a partnership to pull off....
...But what once seemed like niche, add-on services and products are now becoming mainstream....
...BF Borgers has targeted small- and microcap companies unwilling or unable to engage larger, more expensive firms, and has built the eighth-largest client list of any US audit firm despite having a staff...
...Some of the top firms’ smaller audit clients have been “effectively jettisoned”, creating “an opportunity for the next wave of players, who probably prior to this change were highly fragmented small firms...
...The firm has targeted small- and microcap companies unable or unwilling to pay the higher rates charged by larger rivals, and appears to have kept its fees low by piling work on to its founder in particular...
...UK Finance, an industry group representing major banks and financial services firms, estimated that the number of personal purchase scams — involving goods or services that are paid for but not received...
...But, beyond these dominant players, dozens of other asset managers — big and small — are waging an increasingly intense battle for the remaining quarter of the $8tn ETF market....
...UK Finance added: “If a bank does have to close an account, this only happens after extensive review and investigation, with firms making significant efforts to contact customers to complete due diligence...
...Sunak knows his way around Wall Street firms....
...Eide Bailly, a top-20 accounting firm based in North Dakota, told its five regional banking clients in November that it was pulling out of auditing listed financial services companies, according to regulatory...
...If firms started measuring the impact like this, would it strengthen the business case for investing in better service?...
...The increasingly important position of a small number of large US tech firms has drawn the interest of regulators, who are concerned about the risks that increasing reliance on cloud computing firms might...
...Another former partner said the firm’s deals business had “been a problem child for years”, adding: “It was always subscale — not big enough to be an investment bank and not small enough to be a boutique...
...The regulator said it would also review firms’ policies on when personal guarantees are required and work with the Financial Ombudsman Service to monitor complaints....
...One of the age-old concerns in the market was that firms priced audits as a loss leader to win clients to whom they could then sell more lucrative consulting or tax services....
...UK litigation funders’ assets increased more than tenfold to £2.2bn in the decade to 2022, says international law firm RPC. This is a young industry with insecure foundations....
...Since it was founded 30 years ago, EQT has grown from a small Swedish buyout group into one of the world’s largest private investment firms with more than €200bn in assets....
...“That sustained pressure has impacted small and mid-sized firms first because they’ve had less flexibility to adapt,” explains Jo Robinson, UK and Ireland turnaround and restructuring strategy leader of...
...That is still small beer, and largely focused on real estate, private credit or buyout strategies that piggyback on existing traditional funds....
International Edition