Mark Kleinman: Un-Wise handling of US listing move July 31, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly CityAM column Wise fails its name in handling of US listing move If only Wise was as smooth at transferring its stock market listing as it is moving its customers’ money. The company founded by Taavet Hinrikus and [...]
NFL HQ was target of New York gunman who killed four, says mayor July 29, 2025 The NFL is believed to have been the original target of the gunman who killed four people on Monday, according to New York City mayor Eric Adams. Examiners think that 27-year-old Shane Tamura, of Las Vegas, was trying to get into the NFL headquarters after shooting several people in the building’s lobby, but ended up [...]
Government consultants pledge under threat as spending jumps July 22, 2025 Government spending on management consultants rose by over £150m during Labour’s first year in office, despite the party’s manifesto pledge to halve the amount departments dish out to third party advisers, CityAM can reveal. Total spending on management consultancy contracts totalled £1.44bn during the first 12 months of the government’s four-year term, up from [...]
How can British businesses prepare for tariffs, and does Brexit help? July 19, 2025 The Insight in 15 is a new podcast from professional services firm KPMG offering a fresh perspective on major issues for business leaders. The 10-part series will cover a range of topics by cutting to the chase, setting out the risks and opportunities, and providing insights those at the top of big businesses can put [...]
Mortgage brokers on chopping block as AI overhaul gains pace July 14, 2025 Mortgage brokers could be the latest roles to be swallowed up by the spread of AI as homebuyers deploy modern tech in the space of cumbersome traditional homebuying services. AI has taken a dominant role for buyers with over a third using the tech to explore their options. Early adopters cited AI as streamlining product [...]
Bank of England warns on market impact of Trump tariffs July 9, 2025 The Bank of England has warned the UK could be particularly affected by further shocks to markets as a result of being “an open economy with a large financial sector”. The Bank’s Financial Policy Committee (FPC) warned that while bond markets had deteriorated, they could be in a worse position if President Trump followed through [...]
HS2 contracts may be twice as costly as first thought, says new boss July 9, 2025 The contracts for HS2 may run to more than double their initial projected cost, the troubled project’s new chief executive has warned ahead of crunch talks this autumn. Mark Wild, who was brought in to reset the high-speed line last year, told MPs the contracts would finish “considerably over budget,” with a likely overspend of [...]
Rachel Reeves urged to rip up ring-fencing in banking growth push July 7, 2025 Rachel Reeves is facing renewed pressure to scrap the ring-fencing regime imposed on British banking giants in a bid to bolster the sector’s international competitiveness and bolster economic growth. The Chancellor has been lobbied by top banking chiefs to ditch the “redundant” 15-year-old legislation, which requires major banks to separate their retail banking operations from [...]
Cuts, struggles and breakups: How is AI reshaping the consultancy sector? July 2, 2025 Amidst the job cuts at Big Four, crisis mode is rearing at consultancy firms as the industry struggles to keep up with the AI world
Big Four: US fines Deloitte, PwC and EY over exam cheating June 26, 2025 The US accountancy regulator has fined the Dutch arms of Deloitte, PwC, and EY $8.5m over 'widespread exam misconduct'.