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Plus: generative AI lawsuits; crypto hackers outmanoeuvred; M&A’s record deals in sports; and Supreme Court vs ‘the administrative state’
...They were due to enter service towards the end of the last decade but the first is now not due to enter service until late next year....
...The bondholders — many of whom are international fund managers — have also been angered by a Swiss court decision to compel individual claimants to pay administrative fees even though they are pursuing their...
...She said the sector was increasingly providing key public services, such as healthcare, mental health support and education services, as local authorities’ budgets had been “stripped right back”....
...Financial services groups have long complained that the SEC’s use of in-house administrative law judges, in some enforcement cases, essentially allows it to act as both prosecutor and judge....
...Chemours, the maker of Teflon, put its chief executive and two most senior finance executives on administrative leave on Thursday while it investigates financial practices that may have affected executive...
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...The company last month put Vikram Luthar, who had been chief financial office since 2022, on administrative leave as it disclosed an “ongoing investigation” by outside counsel “regarding certain accounting...
...Luxembourg-based Alter Domus, which was founded in 2003 and has about 5,000 employees, provides a range of services to fund management groups including handling administrative and compliance issues....
...The appeals court wrote: “Apollo’s accounts receivable department contravened the terms of the fund partnership agreements — negligently or otherwise — and billed the funds directly for such administrative...
...In response to Monday’s lawsuit, an SEC spokesperson said: “The commission undertakes rulemaking consistent with its authorities and laws governing the administrative process, and we will vigorously defend...
...During the period Scope Group entities provided other advisory services to Greensill as well as credit ratings, such as “industry risk reports” Esma said, and it failed to flag these services when rating...
...I have recently had to spend a vast amount of time rectifying a matter of administrative incompetence: a task that would have been borderline impossible if I had children or elderly relatives to look after...
...Vikram Luthar, a former chief financial officer of the nutrition business who has been group CFO since 2022, was placed on administrative leave in January after the company got a request for documents from...
...The platform is seen as crucial for the UK to make better use of administrative data....
...In contrast, the mining sector had a gender pay gap of 15 per cent and accommodation and food services at 2 per cent....
...The guidance made clear that judges might find AI useful for some administrative or repetitive tasks....
...Administrative controls aside, Lyft may still be turning a corner....
...It was forced to comply with a December ruling by the highest administrative court in the state of Hesse that said Sonntagsruhe must be observed even if no workers were involved....
...Gilbert argued AI would create a “happier workforce” in Whitehall, freed from administrative tasks. Some officials “waste a whole day a week” on admin, Dowden added....
...“The majority of the Supreme Court has consistently been saying US administrative law in its current form is unconstitutional,” Macey said....
...The report modelled the degree of automation likely to be possible for each category of job across the public sector, and found that secretarial, customer service and administrative positions would be the...
...Since it started, “the programme has brought in nine interns, two of whom have transitioned to full-time roles”, says Peter Fradkin, chief administrative officer at the firm....
...Nvayo also argued that the money laundering concerns highlighted by the FCA were “administrative in nature” and “not as serious as stated” by the regulator....
...The letter to Penn, sent last month by the Accountancy AML Supervisors Group (AASG), said it would be an “enormous administrative task” to ensure money laundering supervision was maintained while a new supervisor...
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