Silver Point accused by SEC of failing to monitor star lawyer
Hedge fund says the late outside counsel Chaim Fortgang was not subject to tough information restrictions
UK
Directors’ Deals: Ashtead chief increases stake as shares struggle
Gloom over rental revenue growth
Saudi Arabia is a controversial choice to host the World Cup, but the spotlight and scrutiny might spark change
The official announcement that Saudi Arabia would host the 2024 Fifa men’s World Cup came as a surprise to nobody. Hosting rights have been on the country’s geopolitical agenda for many years, and football’s international governing body was more than happy to oblige.
Both parties have come in for heavy criticism as a result.
Who chooses to work, and who is forced to, after retirement?
fizkes/ShutterstockThe state pension age in the UK is currently 66. Yet 9.5% of people aged 66 and older (1.12 million people) were still working, according to the most recent data from the UK’s Annual Population Survey (July 2023 to June 2024). This figure has been rising over the past decade, increasing from 8.70% (880,000 people) in July 2013 to June 2014.
JPMorgan, BofA and Wells sued over alleged payment fraud
US regulator CFPB accuses big banks of failing to protect customers using Zelle
Swiss lawmakers criticise ‘years of mismanagement’ at Credit Suisse
Landmark parliamentary report also takes aim at financial watchdog
AI won’t take your job – but that doesn’t mean you should ignore it
Stock-Asso/ShutterstockTwo influential tech CEOs have sparked a debate about AI’s effect on jobs. Klarna CEO Sebastian Siemiatkowski announced the buy-now, pay-later firm stopped hiring a year ago, claiming that AI can do most of the jobs that humans do.
UK’s elite Marines undergo financial literacy training
The FT’s Financial Literacy and Inclusion Campaign launches adult education programme for the military
Central banking’s Song of Fire and Flood
Why central banks are right to care about the green stuff
Inside Wall Street’s booming $1tn ‘synthetic risk transfer’ phenomenon
The latest three-letter acronym to excite and alarm people
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