Corporate governance

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UK to relax post-2008 rules that hold City bosses accountable for wrongdoing

Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 yearsThe UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.The plans, pu…

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BankingBarclaysBusinessCorporate governanceElizabeth WarrenFinancial sectorJeffrey EpsteinJes StaleyRegulatorsSex traffickingUS CongressUS newsUS politics

US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account

Move comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offenderUS lawmakers have unveiled a new bill to hold Wall Street’s “Epstein-connected” bosses to account for helping finance the late sex offende…

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Banks and building societiesBusinessCorporate governanceCrimeCryptocurrenciesFinancial sectorHMRCNCA (National Crime Agency)PoliticsTax avoidanceUK news

UK asks banks for feelgood stories about keeping out dirty money

City firms tapped for case studies to try to convince global watchdog that London has cleaned up its actThe government is asking bankers and lawyers to provide feelgood stories about how they blocked dirty money from entering the UK, as ministers try t…

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BarclaysBusinessCorporate governanceFinancial sectorJeffrey EpsteinJes StaleyJP MorganUK newsUS newsWorld news

Ex-Barclays boss denies having sex with a woman dressed as Snow White

Jes Staley made the comments to US lawmakers investigating his links to Jeffrey EpsteinThe former Barclays boss Jes Staley has denied having sex with a woman dressed as Snow White, after being questioned about an infamous email exchange about Disney pr…

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BankingBullyingBusinessCorporate governanceFinancial Conduct AuthorityFinancial sectorHedge FundsInvestingPensions industryRegulatorsSexual harassmentSocietyUK news

City firms race to prepare for FCA crackdown on bullying and harassment

Rules will require hedge funds, insurers and pension firms to report all non-financial wrongdoing The City’s largest hedge funds, insurers and pension funds are racing to prepare for sweeping rules that will stop nearly 40,000 companies from hiding bu…

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BusinessCorporate governanceDomestic ViolenceHospitality industryHotelsSexual harassmentSocietyTravel & leisureUK newsViolence against women and girlsWomen

Travelodge boss quits amid fallout over hotel chain’s security failings

Joanna Boydell steps down after widespread criticism over company’s handling of guest safety issuesBusiness live – latest updatesThe boss of Travelodge has resigned after a backlash over security failings at the hotel chain, including a case where a do…

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