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...According to the FRC’s 2024-25 budget, published in December, about 5 per cent of current staff were due to relocate to a new Birmingham office by the end of the financial year in March....
...Moody’s is to leave its office in Canary Wharf in favour of new premises in the City, making it the latest high-profile financial tenant to abandon London’s Docklands for the Square Mile....
...The UK Serious Fraud Office has launched a review of its past and present cases after uncovering problems with crucial software used in evidence disclosure, marking the latest blow to the troubled prosecutor...
...and DuPont agreed in 2015 and the subsequent spin-offs....
...Singapore has given international banks an unusual series of top-level briefings on geopolitics as it seeks to reassure them that the financial hub can remain stable and neutral at a time of rising tension...
...The Big Four accounting and consulting firm took on about 70,000 sq ft of space near its New Street Square headquarters in February, people familiar with the details told the Financial Times, increasing...
...Before the Brexit vote, financial companies warned they could relocate tens of thousands of staff from London to mainland Europe, denting the UK capital’s status as a global hub....
...Even so, nearly four years since companies sent workers home at the start of the pandemic, 82 per cent of large financial companies retained hybrid arrangements for most of their employees as of the end...
...There are plenty of signs of financial distress, with one Canary Wharf building selling for a 60 per cent discount on its previous price, and shares in New York Community Bancorp dropping on fears over its...
...The City of London’s political head has said there are no “deal breakers” for the financial district as it seeks to entice big companies to relocate their headquarters from other parts of the capital or...
...The former chair of the Post Office has released a memo that alleged he was told by a senior civil servant to stall requests for financial support and develop a plan for the state-owned business to “hobble...
...Bhavesh Mistry, British Land’s chief financial officer, said the company estimated that 1mn sq ft of new or refurbished space would be delivered each year from 2024-2027, compared with 2mn sq ft of typical...
...Chemours, which was spun out of Dupont in 2015, said it was examining how working capital was managed, and how that affected financial metrics on which executive bonuses were based....
...This month, Chemours, a spinout of DuPont, said an investigation revealed that its senior management showed a “lack of transparency” when approached about accounting irregularities....
...She was part of a team of about 650 that authorises companies and individuals who want to do business in the financial sector....
...Britain’s Post Office Horizon scandal blights the reputation of nearly everyone it touches....
...Executives and traders say the absence of personal income tax in the UAE has also strengthened its hand as hedge funds consider expansion plans beyond the traditional financial hubs of London and New York...
...David Smith, who succeeded Cook as managing director in 2010, told the inquiry on Thursday that the Post Office had been preoccupied with the 2008-09 global financial crisis and the prospect of separating...
...“A comprehensive review was conducted of the business, mainly of the infrastructure supporting the front office business,” the person said....
...of disclosure and could lead to the Post Office opposing hundreds of appeals....
...Indeed, the latest FCA figures show that more than half of all pension pots accessed at retirement are cashed out in full, and most of those encashments are of pots worth under £10,000....
...Sub-postmasters told the Financial Times they wanted the inquiry to settle on the “truth” and help end decades of legal wrangling that had seen many sub-postmasters die while awaiting redress and justice...
...The silver lining, in GS’s view, is that the banking sector is better equipped to deal with an office-price collapse than it was the home-price collapse before the global financial crisis: In our view,...
...Now every office worker is glued to a screen. Traders just have more of them. They do not need their own architecture — or sometimes even offices....
...Those who fought on faced an uphill battle against the Post Office, with all its legal and financial firepower....
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