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...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...Munich prosecutors told the Financial Times last week that their investigation was ongoing, and declined to comment further....
...In the motion, which was seen by the Financial Times, the lawyers demanded the court establish that all of EY’s German business units remain liable for potential damages....
...“We could become a media [business] . . . a place where you have an audience and data about the audience and you monetise this,” Revolut’s head of growth Antoine Le Nel told the Financial Times in an interview...
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...People with direct knowledge of the ruling told the Financial Times earlier this week that the watchdog concluded that the audits were “at the very least” negligent, and in some cases grossly negligent,...
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...Its call increases the scrutiny of so-called non-bank financial institutions, which have become a larger part of trading in financial markets since the 2008 financial crisis....
Macro firm shedding around 100 jobs after difficult 2023
The basic issue for the sector is that revenues are flatlining
...Webster’s campaign comes as concern mounts over whether lenders are unfairly denying groups access to financial services....
...MainFT: The Jersey Financial Services Commission revealed on Wednesday that it had not yet received any application for authorisation from Woodford for a new, Jersey-based investment management company,...
Elite private colleges have used the ‘Yale model’ to great success but that approach now seems questionable
...People with direct knowledge of the ruling told the Financial Times that the regulator did not address the question if EY acted with intent or just with negligence, which will be an important factor in deciding...
...The enforcement action against KPMG was the result of a joint investigation by the PCAOB and the Dutch Authority for the Financial Markets (AFM), which will put the firm under enhanced supervision in the...
...Advisers that sell consulting services alongside proxy advice need to guard against the risk of conflict....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...Risks to financial stability may also stem from interconnections with other segments of the financial sector....
...Third, financial product innovation is a vital enabler....
...A number of financial institutions have tried to crack the US over the years. Not many have succeeded. Amundi, with aspirations to be Europe’s BlackRock, is making its bid for scale stateside....
...Figures published on Sunday showed individuals and businesses made almost 3,900 complaints about account closures to the Financial Ombudsman Service in the year to April 5 — an increase of 44 per cent from...
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...For now, at least, people remain pre-eminent in professional services firms. Private equity’s interest is not the only change challenging the partnership ethos....
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