Business

Regulators need to undergo a cultural change if we are to avoid sleepwalking into the next financial crisis, a new report has found. The study by Cass Business School for New City Agenda revealed that the Prudential Regulation Authority (PRA) and Bank of England need to go much further to improve transparency and engage with the public, and that the new Financial Conduct Authority (FCA) chief executive Andrew Bailey will need to demonstrate his independence from politicians and the financial...

A senior city worker is facing a jail term after sexually assaulting two women at the company’s main office, during drinking sessions described as “Wolf of Wall Street-style.” Anthony Constantinou, head of financial group Capital World Markets (CWM), treated one of his victims "like a piece of meat". The 34-year-old pushed a lump of hot wasabi paste in her mouth, and told her she had a "cracking a*** and pair of t****" before forcing his tongue into her mouth. He...

The digital world is not a safe place and a huge increase in scams and online attacks, show that financial fraud in the first half of 2016 increased 25 per cent to £399.5 million. The figures were released by Financial Fraud Action (FFA UK) today and the sums of money that are being swindled on a daily basis, on-line, are astonishing. However, the amount of money that is actually attempted to be stolen is much larger. On-line security systems at...

The SABMiller takeover of AB InBev will lead to less choice and higher prices for consumers, according to a leading expert. John Colley, of Warwick Business School, said cost rationalisation will mean substantial redundancies amongst SAB Miller staff and higher costs passed on to consumers because of the lack of competition. Although the merger is likely to line the pockets of the shareholders, Colley said customers will not see any benefit as "greater brewer market power is more likely to...

Whether you are a small business owner or large corporation, it’s always beneficial to determine new ways to make your business more efficient. The more efficient your business is, the more productive your business becomes. The more productive your business becomes, the more capable you are of expanding to the next level. Higher efficiency also leads to higher employee satisfaction creating a more friendly, collaborative environment, which leads back to higher efficiency. See where this is going? Here are 6...

It seems that the business community is not feeling to positive about the future of the UK economy post-Brexit. The first quarterly survey, since the nation decided to leave the EU, indicates that business optimism in the financial services industry sector is very low. Over half of financial companies, who were part of the well-respected survey, said the impact of Britain's decision to leave the European project was negative. There are also concerns that Germany’s business hub, Frankfurt, is trying...

The online world is a dangerous place, and it’s all too easy for the unwary to fall prey to external attacks and internal security breaches. Business software can become infected and end up needing malware removal. From merely being a nuisance, malware has become big business and nobody is immune from the threat. Read the advice from FileHippo on how to protect your business. What Is Malware? The term malware covers a number of things. It encompasses computer viruses that...

"V for Vendetta" (CC BY 2.0) by hawken king Cybercrime is everywhere, it targets everyone and its threat is ever present. The only surprise is that we hear so little about it, but that is changing. The regularity with which high-profile websites and organisations are being hacked should be concerning, but often these hacks and the hackers are viewed as little more than an embarrassing inconvenience for the organisation targeted. Yet hacker networks such as Anonymous have the power to...

Can your business keep up with the speed of customer demands in the 21st Century?  Today's customers expect everything from their internet connection to their product delivery to be faster than yesterday. And nowhere more so than in London. Customer expectations have always evolved over time, and part of maintaining a successful business has always been to understand and meet these expectations better than the competition. However, the sheer rate at which those expectations are changing in the new millennium...