financial – Latest News https://latestnews.top Mon, 25 Sep 2023 01:35:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://latestnews.top/wp-content/uploads/2023/05/cropped-licon-32x32.png financial – Latest News https://latestnews.top 32 32 Financial Conduct Authority targets sexual bullies at work https://latestnews.top/financial-conduct-authority-targets-sexual-bullies-at-work/ https://latestnews.top/financial-conduct-authority-targets-sexual-bullies-at-work/#respond Mon, 25 Sep 2023 01:35:56 +0000 https://latestnews.top/financial-conduct-authority-targets-sexual-bullies-at-work/ Financial Conduct Authority targets sexual bullies at work By City & Finance Reporter Updated: 16:50 EDT, 24 September 2023 The Financial Conduct Authority (FCA) has vowed to be tougher on workplace sexual harassment. The City watchdog will set out a crackdown on perpetrators and firms failing to punish them in a consultation paper this week.  […]]]>


Financial Conduct Authority targets sexual bullies at work

By City & Finance Reporter

Updated:

The Financial Conduct Authority (FCA) has vowed to be tougher on workplace sexual harassment.

The City watchdog will set out a crackdown on perpetrators and firms failing to punish them in a consultation paper this week. 

Guidance will be published on ‘serious instances of harassment and bullying’ and explain how ‘non-financial misconduct’ is part of the regulator’s test for financial service workers to be ‘fit and proper’.

Crackdown: The Financial Conduct Authority has vowed to be tougher on workplace sexual harassment

Crackdown: The Financial Conduct Authority has vowed to be tougher on workplace sexual harassment

This summer hedge fund tycoon Crispin Odey was accused by 20 women of sexual misconduct. Odey ‘strenuously’ disputes the claims.

The allegations shone a spotlight on the FCA’s oversight of Odey’s asset management firm, which had been under investigation for two years before claims were made in the media.

Nikhil Rathi, chief executive of the FCA, told The Telegraph: ‘Financial services workplaces need to be safe places for women.’

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]]> https://latestnews.top/financial-conduct-authority-targets-sexual-bullies-at-work/feed/ 0 Financial jobs defy gloom to hit record high https://latestnews.top/financial-jobs-defy-gloom-to-hit-record-high/ https://latestnews.top/financial-jobs-defy-gloom-to-hit-record-high/#respond Sun, 20 Aug 2023 22:41:52 +0000 https://latestnews.top/2023/08/20/financial-jobs-defy-gloom-to-hit-record-high/ Financial jobs defy gloom to hit record high City minister Andrew Griffith said industry was ‘a jewel in Britain’s crown’ Number of jobs hit 1.235m in first quarter – 34,000 more than at the end of 2022  It was above a previous peak of 1.209m in 2008 By John-Paul Ford Rojas Published: 16:50 EDT, 20 […]]]>


Financial jobs defy gloom to hit record high

  • City minister Andrew Griffith said industry was ‘a jewel in Britain’s crown’
  • Number of jobs hit 1.235m in first quarter – 34,000 more than at the end of 2022 
  • It was above a previous peak of 1.209m in 2008

By John-Paul Ford Rojas

Published: | Updated:

'Jewel in Britain's crown': City minister Andrew Griffith

‘Jewel in Britain’s crown’: City minister Andrew Griffith

The number of jobs in the UK financial services industry has hit a record high – in a sign that much of the gloom about the sector has been misplaced.

City minister Andrew Griffith said it showed the industry was ‘a jewel in Britain’s crown that even the doomsters cannot deny’. 

Office for National Statistics (ONS) figures last week showed the number of jobs in financial and insurance activities hit 1.235m in the first quarter of the year – 34,000 more than at the end of 2022.

It was above a previous peak of 1.209m in 2008 and is the highest since comparable ONS figures began in 1978. Jobs in the sector have increased despite gnashing of teeth over the City’s future after Brexit.

And more recently there has been much soul searching over the UK losing companies such as chip designer Arm to New York – prompting reform efforts in Whitehall and the City. Yet the UK continues to more than hold its own against European rivals. Figures from the end of June show the total market value of firms listed in London at £4.7 trillion compared with £3 trillion for rival Paris.

And there has been an increase in jobs since the pandemic – up by 119,000 since the third quarter of 2020.

Britain demonstrated its attractiveness as a global financial centre in June when US venture capital giant Andreessen Horowitz said it would open its first international office in the UK.

Griffith told the Mail: ‘Our vision for Britain as the most open, innovative and competitive financial centre in the world is bearing fruit.’

He said the UK had ‘seized the opportunities of Brexit’ through laws which will help unlock billions in investment. He added: ‘Our financial services industry is a jewel in Britain’s crown that even the doomsters and armchair generals cannot deny.’

Efforts to reinvigorate the City’s status as a financial centre have been under way in recent months. Listing regulations are being tweaked while the Government changed rules to unlock more of the trillions of pounds held by UK pensions and insurance firms.

City of London figures show financial services produced £193billion in economic output in 2022.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.



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]]> https://latestnews.top/financial-jobs-defy-gloom-to-hit-record-high/feed/ 0 Biden has 23 bank accounts with two containing between $250,000 to $1million: financial https://latestnews.top/biden-has-23-bank-accounts-with-two-containing-between-250000-to-1million-financial/ https://latestnews.top/biden-has-23-bank-accounts-with-two-containing-between-250000-to-1million-financial/#respond Tue, 16 May 2023 23:51:13 +0000 https://latestnews.top/2023/05/16/biden-has-23-bank-accounts-with-two-containing-between-250000-to-1million-financial/ The White House has released financial disclosure forms for Joe Biden and Kamala Harris for 2022 as Republicans accuse the first family of raking in millions from foreign sources. Filings show that the US president and the first lady, Jill Biden, have cash in the bank worth between $1.05 million and $2.58 million. The records, […]]]>


The White House has released financial disclosure forms for Joe Biden and Kamala Harris for 2022 as Republicans accuse the first family of raking in millions from foreign sources.

Filings show that the US president and the first lady, Jill Biden, have cash in the bank worth between $1.05 million and $2.58 million.

The records, first obtained by Fox News Digital, show the presidential couple had little change from the previous year.

The White House released the disclosures late on Monday, outlining the president and the vice-president's financial affairs

The White House released the disclosures late on Monday, outlining the president and the vice-president’s financial affairs

Filings show

Filings show 

The Bidens owe between $250,000 and $500,000 on a mortgage on their Delaware home, as well as between $30,000 and $100,000 on other loans.

They said Biden earned less than $201 in royalties for his 2007 flop memoir ‘Promises to Keep’.

He later picked up between $2,501 and $5,000 for his post-Obama administration 2017 memoir ‘Promise Me, Dad.’

But the commander-in-chief’s net worth is dwarfed by his vice-president. Kamala Harris, and her husband Doug Emmoff. 

The second family is worth between $3.42 million and $8.29 million, the disclosure forms show.

They owe between between $1 million and $5 million on a mortgage on their home in Brooklyn in New York.

Amazingly, the vice president picked up more than $41,000 her for her 2019 memoir, ‘The Truths We Hold.’ 

The former senator also was paid more than $40,000 in advance for her 2019 children’s book ‘SuperHeroes Are Everywhere’, raking in $456,000 in total.

Biden’s disclosures come amid repeated allegations from conservatives that his family have benefitted from foreign payments.

Congressman James Comer of Kentucky argues Biden’s relatives have raked in $10m (£8m) from entities abroad.

But the oversight committee chair has yet to uncover evidence directly linking the president to such payments, or unearth any illegal conduct. 

White House officials have trashed the claims as ‘baseless innuendo.’

The Republican-backed report outlines a list of various companies and financial records tied to Biden’s family members.

They include his disgraced son, Hunter Biden, and daughter-in-law, Hallie Biden.

James Comer (R-Kentucky) heads the House of Representative's main investigatory panel and has vowed to delve into Hunter Biden's business dealings

James Comer (R-Kentucky) heads the House of Representative’s main investigatory panel and has vowed to delve into Hunter Biden’s business dealings 

Leaked files from Hunter Biden's laptop contained a series of lewd phots as well as emails about his business deals

Leaked files from Hunter Biden’s laptop contained a series of lewd phots as well as emails about his business deals

Joe Biden's relatives are accused of using their influence and access to the president to land business and donations from abroad

Joe Biden’s relatives are accused of using their influence and access to the president to land business and donations from abroad

The 53-year-old is currently mired in a slew of legal woes, including a paternity case with a former stripper and a federal jury probe into his business affairs. 

The 30-page tirade contains bank records of bank transactions, obtained through subpoena, that Republican lawmakers allege show the Biden family’s links to China and Romania. 

They appear to show the receipt of money from a foreign company connected to Gabriel Popoviciu, a real estate mogul who faced corruption charges in Romania.

Republicans vowed to probe Biden, his administration and his family when they took over control of the US House of Representatives in last year’s midterm elections.

Another conservative-led House panel is also investigating a letter published by 51 former intelligence officials before the 2020 White House election.

The letter, allegedly organized by Biden campaign adviser Antony Blinken, who is now the US secretary of state, to discredit media reports about Hunter Biden’s laptop.

Leaked emails from the laptop also contained evidence of Hunter Biden’s business dealings, as well as lewd photos about his drug abuse and sex life.

Federal prosecutors have been investigating Hunter Biden over issues with his taxes and a gun purchase since 2018.



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