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British politician pledges to break up ‘cartel’ of big four accounting firms in radical overhaul

The big four accountancy firms could be broken up as part of a radical change promised by the UK's Labour party, the shadow chancellor John McDonnell said ahead of his party conference on Sunday.
House of Fraser.

One of the UK’s biggest department stores collapsed — but was almost immediately rescued by a billionaire sports tycoon

EY, one of the "Big Four" accountants, have been appointed as administrators. House of Fraser, which employs 17,500 people across the UK, will continue to trading while EY tried to find a buyer for part or all of the business.
House of Fraser.

House of Fraser is looking wobbly as the consumer spending crunch deepens: ‘It’s going to be very hard to save the business’

The department store has a £400 million debt pile and is battling slowing consumer spending.

Whistleblower claims accountants turned a blind eye to Dubai firm he says painted 5 tons of gold to look like silver

Amjad Rihan claims he blew the whistle on wrongdoing at Dubai-based Kaloti group but EY turned a blind eye and dismissed him.
A number of tech and accounting companies took the top spots.

9 companies 20-somethings are dying to work for, according to LinkedIn

College students are flocking to Amazon, EY, Oracle, and several other big name companies, according to LinkedIn.
Open Banking is coming — and it could change the way we handle money forever.

An invisible banking reform that ‘could fundamentally change how we manage our money’ is days away

Open Banking takes effect in the UK from January 13, forcing banks and payment companies to share data with third parties like tech companies.
IBM invests about $500 million annually on the professional development of employees.

Digital badges are the newest effort to help employees stave off the robots — and major companies are getting on board

Some companies are starting to embrace ongoing skill-based learning programs for their employees. IBM, EY, and Salesforce have begun issuing digital badges.

The City of London is going to suffer with or without a Brexit transition deal

'Conditions are likely to be tough next year as the effects of higher inflation on economic activity feed through,' the EY report says.

Banks are choosing Dublin for a Brexit base over Frankfurt, Paris, and Luxembourg

Major banks, insurers, and other financial services firms are favouring Dublin ahead of other EU hubs for their post-Brexit relocations, EY says.

Wall Street dealmaking has exploded since Trump took office

Since President Donald Trump took office nearly 3,100 US M&A deals have been announced, according to recently released data from Thomson Reuters.