financial services

16 January, 2019

Special report: Future-proofing financial services

Financial services firms are facing an unprecedented raft of challenges. Since the financial crisis, a new regulatory environment has forced a revamp of the responsibilities of boards, pushing functio...

20 December, 2018

Being prepared: The rise in internal investigations

A complaint about your company or staff is never a comfortable experience. But in banking and financial services it could spark an internal investigation that can prove gruelling and expensive to unde...
banks, banking

14 September, 2018

Action needed now on banking fraud and the erosion of trust

Why is it that western banks are increasingly reliant on business models that reward staff as salespeople, treat clients as fools, and present financial products like goods on a supermarket shelf? The...
City of London

21 June, 2018

‘Grandfather’ financial services post-Brexit to protect 36m policyholders

A crisis over cross-border financial contracts could adversely impact 36 million policyholders in the UK post-Brexit. A
Commonwealth Bank

5 June, 2018

Commonwealth Bank faces record fine over money laundering failings

Commonwealth Bank, Australia's largest bank, is to pay a fine of AU$700m (£400.3m; €456.8m) to resolve a money laundering case. It is thought to be the biggest civil penalty ever imposed in Aust...
chancellor, Philip Hammond

9 March, 2018

CBI: Brexit deal must avoid ‘cliff edge’ for financial services

A Brexit deal that fails to include UK financial services is "like building a ship with no sails", according to the deputy director general of the Confederation of British Industry. Josh Hardie was...
Barclays

23 February, 2018

Barclays International reveals its gender pay gap of 48%

Barclays International, the investment bank, has revealed it has an average gender pay gap of 48%, a hefty differential illustrating the challenge facing financial services on equal pay. The figure...
fraud, tax fraud, VAT fraud

15 January, 2018

Reported fraud in the UK soars to more than £2bn

The total value of fraud in the UK has risen by 538% to £2.11bn in the past 15 years, and was up by 6.5% in 2017 from £1.99bn in 2016, new research shows. The study by accountancy firm BDO LLP, ...

5 October, 2017

Investigation into PwC’s client asset reporting at Barclays closes

Accountancy’s watchdog has closed a three-year investigation into Barclays’ auditor PwC, after deciding there was “not a realistic prospect” of winning a tribunal. The Financial Reporting C...
gender diversity

29 March, 2017

Financial services firms battle to increase female applications

Only a third of UK financial services firms have seen an increase in the number of female applicants despite targeted recruitment campaigns. According to research from professional services firm P...