28th June 2016
The world’s biggest banks are pushing regulators and politicians for answers so they can plan for the future of their London operations after the UK’s vote to leave the EU. Lenders including HSBC, JPMorgan and Morgan Stanley had warned before Thursday’s vote of thousands of job cuts because they would… Read More
28th June 2016
The regulator that monitors UK financial reporting is to investigate two of the big four accountancy firms over their role in the failures of the retailer BHS and the banking group HBOS. The Financial Reporting Council, responsible for overseeing UK accounting standards, began an investigation into PricewaterhouseCoopers over its audit… Read More
28th June 2016
Nigerian Senate president Bukola Saraki on Monday kicked off his corruption trial by denying he falsified parliamentary rules to get elected. The influential Nigerian politician has been charged with two counts of criminal conspiracy and forgery and was in the dock alongside his deputy, Ike Ekweremadu, at the high court… Read More
28th June 2016
The Supreme Court’s unanimous ruling overturning former Virginia governor Bob McDonnell’s conviction makes it much harder for the government to prosecute elected officials for public corruption, but not impossible, legal experts said Monday. The high court set a tougher standard for wrongdoing, saying that helping a wealthy benefactor gain access… Read More
28th June 2016
The Government won't speed up anti-money laundering laws – because of the cost to lawyers and real estate agents. Read More
27th June 2016
High court rules former governor may have been convicted of conduct that isn’t illegal Read More
27th June 2016
South African President Jacob Zuma should pay back $500,000 of public funds spent upgrading his private residence with facilities including a chicken coop and a swimming pool, the treasury said Monday. In March, the country’s highest court found that the president had violated the constitution by defying an order… Read More
27th June 2016
Malaysian Prime Minister Najib Razak reshuffled his cabinet on Monday, placing party loyalists in top posts in a bid to strengthen the ruling coalition amid speculation that he could call an early election next year. Landslide victories in recent electoral outings have put the scandal-hit Najib and his ruling alliance,… Read More
27th June 2016
Acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has reiterated his commitment to prosecute any corrupt individual or institutions despite being critized heavily for selective anti-graft campaign. Mr Magu expressed worries over the involvement of banks in money laundering sounding out ‘private banking’ as the vehicle for… Read More
27th June 2016
The EU is preparing to move its European Banking Authority from London following Britain’s vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator. Coming a day after Britain’s Jonathan Hill resigned and was replaced as EU… Read More