Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at …
Labour’s landslide election win shows few signs of unsettling London’s financial heartland after the party’s lengthy pro-business overtures, though many in finance remain wary they could be targeted to prop up Britain’s stretched public finances further down the line. Under …
Banks and asset managers in the UK woke up to a new reality on Friday, as the country enforces some of the most far-reaching anti-greenwashing rules ever seen. Due to its broad scope, the new requirement from the Financial Conduct …
Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the …
In the City of London, executives are looking forward to the imminent general election as a chance for clarity after a turbulent few years. Matthew Beesley, chief executive officer at Jupiter Fund Management Plc, said markets are not afraid of …
Plans by Britain’s financial regulator to require firms to set targets for improving diversity could be counterproductive, UK business and women minister Kemi Badenoch said on Thursday. The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority …
British regulators need an “ambitious growth mindset” to implement post-Brexit financial sector reforms faster and stop business going elsewhere, an industry body said on Thursday. Britain’s “Edinburgh Reforms” – proposed by finance minister Jeremy Hunt over a year ago – …
Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …
The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market access for firms including banks, insurers and asset managers. Chancellor of the Exchequer Jeremy Hunt and his Swiss counterpart Karin …
The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers. Chancellor of the Exchequer Jeremy Hunt will visit Bern to sign it, according to people familiar …
