US businesses have reported growing optimism about the economy and easing concerns about credit and regulation, according to the 2015 Chase Business Leaders Outlook, published in April. "We're seeing a positive combination of business leaders feeling better about their companies and effectively managing regulatory challenges, such as healthcare and taxes," said John Simmons, Head of […]
The Financial Conduct Authority (FCA) has fined The Bank of New York Mellon London Branch and The Bank of New York Mellon International Limited £126 million (€175 million) for failing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS), which applies to safe custody assets and to client money. Georgina Philippou, acting […]
A joint report from Brand Finance with the Chartered Institute of Management Accountants (CIMA) shows that companies have more than $1.58 trillion (€1.5 trillion) of assets unaccounted for, and calls for valuation of the UK’s ‘intangible assets’ and a debate about policy change. Unveiled at this morning’s The Value of UK plc event, hosted by […]
The gender pay gap for ICAEW Chartered Accountants working in business has widened, with women over 45 seeing the biggest drop in salaries from last year, according to the latest salary survey from ICAEW and Stott & May. According to ICAEW figures, male chartered accountants in business earn an average salary of £100,900 (€140,000) compared […]
Almost a million wealthy retirees in the UK plan to work part-time rather than raid their pension pots, despite new freedoms allowing them to do so from April 6, according to a report from RetireEasy.co.uk, the independent, free financial planning tool for those in or nearing retirement. Offering unprecedented insight into the finances of the […]
Megadeals valued over $5 billion (€4.7 billion) are up this quarter compared with Q1 last year, with 18 deals this year compared to 14 last year, accounting for 4% of all deals, according to the latest M&A Insights report by Allen & Overy. The $3-5 billion (€2.8-4.7 billion) range accounted for 12% of deals, with […]
Banque Internationale à Luxembourg Suisse SA (BIL Suisse) has entered into a contract with B-Source, Avaloq’s Swiss BPO centre, to outsource its banking processes. The bank chose B-Source’s comprehensive and pre-configured business process outsourcing (BPO) solution based on the Avaloq Banking Suite. B-Source and BIL Suisse have signed a contract for the provision of BPO […]
JPMorgan Chase & Co. and Omidyar Network announced a $10 million (€9.3 million) combined investment in FIRST, a private equity fund focused on serving the needs of low-income and underserved populations in Brazil, in mid-March. The fund will make investments in high-growth companies in sectors providing essential products and services to low-income households, such as […]
After a particularly strong close for the US IPO markets in 2014, the first quarter of 2015 took a sharp turn with only 38 deals, which raised a total of $5.62 billion (€5.2 billion), according to EY’s Global IPO 2015 Q1 report. While the first quarter is traditionally slow, this is a drop of 46.5% […]
Greece confirmed it has made its €450 million loan repayment to the IMF today, allaying some fears over the country’s ability to repay its current debts. Euro zone partners have given the country six working days to improve a package of proposed reforms in order for the currency bloc to consider releasing more funds to […]
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