PwC opts for Mohamed Kande as global chair October 30, 2023 PwC is reported to have chosen Mohamed Kande, currently head of international advisory business, as its new global chair. According to reports by the Financial Times and Financial News, the Big Four firm today appointed Kande for the leadership role. The current chair is Bob Moritz who has held the position for nearly eight years [...]
Allen & Overy offloads risk management business to private equity firms October 30, 2023 City firm Allen & Overy today announced it is selling off its legal risk management business to private equity firms.
RBG Holdings settles case with ousted CEO for half a million pounds October 30, 2023 RBG Holdings has settled a case with its former chief executive, Nicola Foulston, after she sued the law firm for wrongful dismissal.
Will the Economic Crime Act tackle the UK’s £350bn fraud issue? October 26, 2023 The government's legislation designed to tackle economic crime received royal assent today after months of back and forth between the House of Commons and the House of Lords.
Mikhail Fridman loses High Court bid over mansion upkeep October 26, 2023 Mikhail Fridman has lost a High Court challenge against UK sanctions after he was refused permission to upkeep a London mansion.
Car insurance costs soar at record rates with London worst affected October 25, 2023 The average cost of car insurance skyrocketed 61 per cent in the year to August, as inflation jacks up the price of repairs.
UK law firms see billable hours fall as sector struggles with inflation October 16, 2023 The UK’s biggest law firms are concerned by a fall in billable hours this year as they struggle to cover cost pressures from inflation through pricing, according to a survey obtained by the Financial Times. PwC’s annual law firm survey, which Morning Wire understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]
Insurers to face Bank of England’s ‘dynamic’ stress tests from 2025 October 3, 2023 Insurance firms will be subject to "dynamic" stress tests from 2025 as the regulator seeks to ensure the sector remains financially secure in the face of major regulatory changes.
FCA dismissed whistleblower’s ‘extreme retaliation’ claims with legal mistake October 3, 2023 The City watchdog dismissed the complaints of a whistleblower and allegedly left them open to a barrage of retaliation from their former employer because officials wrongly interpreted the law, Morning Wire has learned.
Taxman doubles amount of unpaid tax recovered from UK football clubs October 2, 2023 HMRC more than doubled the amount of unpaid tax that it recovered from UK football clubs in the past year as part of a crackdown on the sport.