Lars Says Sorry
Lars Says Sorry Lars Windhorst, the German financier at the centre of the H2O scandal, has apologized to investors who lost money. H2O, a French asset management vehicle owned by…
Credit Agricole’s “Safe Pair of Hands”
Credit Agricole’ “Safe Pair of Hands” Outgoing Credit Agricole CEO, Philippe Brassac, will be replaced by a safe pair of hands in the form of Olivier Gavalda. Brassac is compelled…
The AI Wild West
The AI Wild West The FT focuses on the use of artificial intelligence by employees. It refers to the lack of corporate training, policies and cyber protection as employees chart…
HSBC Sued for Scamming Response
HSBC Sued for Scamming Response Following a deep dive in banks’ scamming arrangements, the Australian Securities and Investments Commission has decided to sue HSBC. It alleges that the bank has…
Tokyo Introduces 4-Day Week
Tokyo Introduces 4 Day Week Employees of the Tokyo Metropolitan Government will be able to work four days a week. They will be given a choice of which additional day…
The Case for Behaviorial Science
The Case for Behaviorial Science City AM makes the case for the use of behaviorial science this morning. A frequent focus of my conversations leads to an oversimplification of this…
Regulatory Race to the Bottom
Regulatory Race to the Bottom Appearing before the Treasury Select Committee, Ashley Alder, the FCA’s chairman, warned against indulging in a regulatory race to the bottom. He noted that the…
Alliance Bernstein Sues Switzerland
Alliance Bernstein Sues Switzerland Alliance Bernstein has become the first institutional investor to join a class action lawsuit against Switzerland in relation to Credit Suisse. The investor is seeking $225…
The “Class Ceiling”
The “Class Ceiling” The Social Mobility Foundation has called on the two financial services regulators to require mandatory reporting on employees’ socio-economic background. The Foundation argues that increasing socio economic…
New “Anti-Woke” Fund
New “Anti-Woke” Fund Azoria Partners has announced plans to launch a fund that will seek to punish companies deemed to have a woke agenda. S&P 500 firms with targets for…