KPMG to cut jobs and freeze pay in deals division October 17, 2023 Around 110 employees, nearly seven percent of the KPMG's UK deals workforce, are expected to be laid off, according to the Financial Times.
Goldman boss David Solomon retires high-profile DJ persona October 17, 2023 The Goldman boss, 61, decided to stop DJing a year ago and has not appeared at a notable event since Lollapalooza in Chicago last July.
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 CityAM understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]
Manx Financial Group shares jump after subsidiary secures UK banking licence October 16, 2023 Manx Financial Group shares rose on Monday after the financial services company announced that its banking subsidiary Conister Bank received a licence to take deposits in the UK. The decision marks the first time an Isle of Man-based bank has been granted a UK branch deposit-taking licence. Manx said the bank can now accept deposits [...]
