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Finance news in the UK | Page 8
An overview of news, trends and research in Finance consulting in the UK:
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EY manages day to day finances of Birmingham City
Birmingham City's parent company has gone into voluntary receivership, with its day-to-day operations taken care of by accounting and consultancy giant EY.
20 February 2015
Capco: Financial inclusion for 2.5 billion without account
There are over 2.5 billion people that lack access to basic financial services, a group which is labelled the “unbanked”. In a recently released report, to coincide with the World Economic Forum, Capco and Ashoka look at the issue and c
17 February 2015
Aon Hewitt acquires Workday consulting expert Kloud
Aon Hewitt has acquired Kloud, one of Europe’s largest specialised Workday consultancy firms.
04 February 2015
Oliver Wyman: Returns in financial services recovering
The return on equity for the financial industry is lagging behind that of other industries while also falling considerably against the returns enjoyed in the 2000s. Financial institutions are having to deal with their already convoluted
22 January 2015
7 start-ups selected for FinTech Innovation Lab London
Early January, Accenture announced the seven companies that have been selected for the ‘Innovation Lab London’ that aims at nurturing fintech start-ups that are developing new technologies for the fi
20 January 2015
10 priorities for Wealth Management industry in 2015
The wealth management industry has in recent years, buckled by the financial crisis and its economic repercussions on governments, corporations and individuals, been through a bumpy ride. In 2008, at the height of the crisis, Assets under Managemen
14 January 2015
Strategy&: Top 4 trends for the credit card industry
The payments industry has gained prominence in the past years and to continue on this path of success, credit card companies should adjust to four arising trends that are expected to reshape the indu
02 January 2015
Santander UK hires McKinsey advisor to run FinTech unit
Santander UK has hired former McKinsey Associate Principal Mariano Belinky as Managing Director of its $100 million Innoventures Fund, set up to invest in fintech start-ups.
30 December 2014
Alvarez helps State of Louisiana save 81 million
Following recommendations made by consulting firm Alvarez & Marsal, the State of Louisiana (US) will be able to save more than $80 million this fiscal year, and possibly even as much as $2.7 billion over the coming years. Alvarez was paid
19 December 2014
A&M: Revenues of Tuxedo casino less than expected
The expected annual tax gains for Tuxedo generated by the planned casino are lower than predicted by the developer, concludes a study by consulting firm Alvarez & Marsal.
15 December 2014
KPMG, Innopay and IBM join Holland FinTech network
Earlier this week, Holland FinTech, a knowledge and network centre for global developments in fintech, officially started.
05 December 2014
Mercer: Inconsistent US marriage laws costs 1.3 billion
Inconsistent laws surrounding same-sex marriages are costing private US employers and employees up to $1.3 billion per year. For employers the largest burden comes from administration and compliance, for employees the largest burden is h
26 November 2014
Deloitte FAS hires JP Morgan veteran Chris Nicholls
Deloitte Financial Advisory Services (FAS) has announced the appointment of JP Morgan Executive Director Chris Nicholls as Partner of its Equity Capital Markets team. Nicholls will provide advice to companies coming to the market in London
10 November 2014
KPMG launches alternative finance practice in UK
KPMG has launched a new practice in the UK that supports clients with alternative finance services. Warren Mead has been appointed as head of the newly formed ‘challenger banking and alternative finance’ unit, tasked with the responsibi
15 October 2014
Australian NBN spent quarter of a billion on advisory
Australia’s National Broadband Network has spent almost a quarter of a billion on external advisors in the past four years. Of the $50.5 spent in fiscal year 2014, the Boston Consulting Group claimed the highest percentage with almost $
06 October 2014
Tesco brings in Deloitte to review profits overstatement
Multinational grocery Tesco has discovered that its expected profits for the first half year of 2014 have been overstated. To clarify the situation, Tesco has hired Deloitte and law firm Freshfields
25 September 2014
PwC Consulting under fire in the US for misconduct
Consulting firms hired to investigate banks find themselves often in a difficult position; they are handpicked and paid by the same people they are supposed to investigate. PwC Consulting US has recently come under fire for watering down
21 August 2014
Grant Thornton launches Financial Crime and Disputes
Accounting and consulting firm Grant Thornton has last month announced the launch of a new dedicated Financial Crime and Disputes team in the UK.
12 August 2014
Protiviti: Internal auditors want to boost soft skills
A new report from Protiviti reveals that auditors believe that they need to boost their soft skills.
05 June 2014
Accenture opens Financial Services innovation center
Accenture has opened an Innovation Center for Financial Services in Jakarta. The new center is after Beijing, Bangalore, Chicago and Sophia-Antipolis (France) Accenture’s fifth across the globe. The center o
16 May 2014
Roland Berger launches restructuring corporate finance
Roland Berger Strategy Consultants has launched a new global center of excellence: 'Restructuring & Corporate Finance'. The new entity, that combines the expertise of the existing CoE's 'Corp
27 November 2013
PA Consulting Group strengthens Financial Services practice
PA Consulting Group has made two senior appointments in its global Financial Services practice over the past months. Kevin O'Shaughnessy has joined as a partner and leads the Digital
18 November 2013
Clear2pay and IBM launch SEPA Testing Tool
Clear2Pay and IBM have together launched a 'SEPA Testing Tool' that can help financial institutions with the migration to SEPA. The tool supports banks and other financial institutions with standa
13 November 2012
BP outsourced finance and accounting processes to Accenture
BP has selected Accenture to be its Global Outsourcing Provider of Finance and Accounting (F&A) Services. Accenture will be responsible for providing record to report, order to cash, procure-to-pay and production reve
28 September 2012
PA Consulting Group: Lessons learned from the financial crisis
The financial crisis and subsequent economic recession provides CEO’s and directors with a vast number of lessons learned.
22 May 2012
Cash flow is essential for most companies
The global financial crisis has made cash a major priority for most companies.
23 December 2011
Hackett: Working capital large firms is decreasing
The 1,000 largest companies in the United States have more than $850 billion in cash on hand. In comparison, smaller companies in the market place remain starved for capital as they have difficulty borrowing money from financial institutions. Despite t
08 December 2011
Hackett: Offshore outsourcing risks millions of jobs
Offshore outsourcing in information technology, finance and other back office functions such as human resources has cut 1.1 million jobs since 2008 and will result in another 1.
17 November 2010
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