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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 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 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 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 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 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 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…

City Minister Criticizes FCA In an unusual intervention, Tulip Siddiq, the City Minster, took aim at the Financial Conduct Authority. Speaking at the Global Banking Summit, she urged the regulator…

Nomura Engages in Attempted Murder Nomura’s CEO was forced to apologize and take a pay cut after one of its employees was charged with attempted murder. The wealth manager tried…

UK Under Sustained Cyber Attack The National Cyber Security Centre will today publish its annual review. The document will make sobering reading. The extent of cyber-attacks on the country has…