Financial sector

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£5bn Boots sale abandoned as potential buyers struggle to raise funds
UK’s biggest chemist to stay with Walgreens Boots Alliance as market turmoil makes debt-funded takeovers difficult

Jasper Jolly

28, Jun, 2022 @3:17 PM

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Ernst & Young pays $100m to settle US charges of cheating on ethics exams
SEC alleged audit employees cheated on exams required to obtain and maintain CPA licenses, and then misled investigators

Dominic Rushe in New York

28, Jun, 2022 @1:17 PM

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What exactly is the FCA investigating about Kristo Käärmann’s tax records?
And why did it take so long to act over Wise co-founder’s unpaid tax bill from 2017-18?

Nils Pratley

27, Jun, 2022 @6:09 PM

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How Wise co-founder went from tech darling to tax list of shame
FCA could bar Kristo Käärmann from senior role after claim he failed to pay £720,000 in tax

Jasper Jolly

27, Jun, 2022 @2:48 PM

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FCA investigates Wise cofounder after tax default
Kristo Käärmann was included on HMRC’s list of deliberate tax defaulters in September 2021

Jasper Jolly

27, Jun, 2022 @7:39 AM

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MPs seek to avoid race to the bottom in post-Brexit City regulation
New subcommittee will scrutinise plans to change how watchdogs supervise the UK’s financial sector

Kalyeena Makortoff Banking correspondent

22, Jun, 2022 @11:01 PM

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UK banks must be more flexible to help struggling borrowers, says City watchdog
FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis

Kalyeena Makortoff Banking correspondent

16, Jun, 2022 @8:45 AM

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Crypto exchanges Coinbase and BlockFi lay off hundreds of staff
Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks

Alex Hern

14, Jun, 2022 @2:06 PM

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What explains the surge in bankers’ pay? Bigger profits not bigger brains | Torsten Bell
Aptitude tests show that while City types are more clever on average, that alone doesn’t justify their soaring salaries

Torsten Bell

12, Jun, 2022 @9:30 AM

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UK’s largest lenders no longer ‘too big to fail’, says Bank of England
Assessment finds customers could access accounts despite any collapse but three banks have shortcomings

Kalyeena Makortoff Banking correspondent

10, Jun, 2022 @8:40 AM

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PwC fined total of £5m over Galliford Try and Kier audits
Accounting firm failed to adequately scrutinise long-term contracts at construction companies, says FRC

Julia Kollewe

07, Jun, 2022 @9:05 AM

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City donations worth £15m raise concerns over influence on UK politics
Total donated to parties by financial firms and individuals tied to the sector over two years, report says

Kalyeena Makortoff Banking correspondent

06, Jun, 2022 @9:30 PM

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