76 press releases for "Financial Services"

28 June 2017

FCA asset management market study report: PwC comments

Commenting on the Financial Conduct Authority's Asset Management Market Study final report, Mark Pugh, PwC's Asset and Wealth Management Leader, said: "We welcome today's final...

27 March 2017

Mixed picture for UK financial services, finds PwC/CBI survey

Hiring expected to rise as profitability improves Sentiment amongst financial services firms deteriorated further in the three months to December, but there are signs of...

08 March 2017

Budget 2017- PwC comments on R&D tax credits red-tapereduction - boost for financial sector's cyber security efforts?

Commenting on the Chancellor’s efforts to reduce paperwork when claiming R&D tax credits, Peter Maybrey, financial services tax partner at PwC said: “The Chancellor’s moves...

Budget 2017 - PwC comments on the impact of NIC changes on financial services contractors and employers

Commenting on the increase in the main rate of Class 4 NICs for the self-employed by 1% to 10%, with a further 1% increase in...

03 March 2017

New banks shed “challenger” label and sharpen focus on distinctive offerings

‘Challenger’ CEOs say distinctive offerings avoid the need to compete directly with the main high street players – many don’t see current account switching market...

23 January 2017

Mixed picture for UK financial services sector, latest CBI/PwC survey finds

Hiring expected to rise as profitability improves Sentiment amongst financial services firms deteriorated further in the three months to December, but there are signs of...

30 November 2016

PwC comments on Bank of England stress tests results

Commenting on the Bank of England's stress tests results today,   James Hewer, UK stress tests leader and partner at PwC said:   "Today's stress...

24 November 2016

PwC comments on EU's proposed changes to finalise Basel III and start implementing Basel IV

Earlier this week , the European Commission published its first proposals for revised rules to calibrate capital and liquidity requirements – in the form of...

23 November 2016

Autumn Statement - PwC comments on interest deductibility proposals for banks

Commenting on interest deductibility proposals for banks, Peter Maybrey, banking and capital markets partner, PwC said: "Supporting the competitiveness of the UK's banking sector is...

09 November 2016

Banks’ tax contribution climbs to £34.2 billion, PwC finds

· £17.4 billion was paid by UK banks in year to 31 March 2016, and £16.8 billion by foreign banks The total tax contribution of...

04 November 2016

PwC Sponsors Z/Yen’s InsurTech Academy

PwC Sponsors New Collaborative InsurTech Research Project PwC and think tank Z/Yen are pleased to extend their association with the launch of a new project...

03 November 2016

Credit where it’s due- UK unsecured borrowing increases by £62m a day

Total unsecured debt in UK reached an all-time high in 2016, at almost £10,000 per household PwC’s Credit Confidence Survey shows confidence at its highest...

19 October 2016

PwC team sparks £750m pension deficit cost-cutting drive at Western Power

A company supplying the cabling that provides electricity to a quarter of homes in the UK has become the first to identify a potential £750m...

29 July 2016

European Banking Authority stress test results: PwC comments

Anthony Kruizinga, PwC's European head of stress testing, said: “The European stress testing regime, which began in its current form with the Comprehensive Assessment in...

21 July 2016

Europe’s banking market in need of a “Fintervention”– and now has a major opportunity to transform itself

European banks must initiate an overhaul in order to fend off new and varied challengers as the spectre of Brexit looms over the sector. This...

17 June 2016

Bank of England FinTech Accelerator partners with PwC on distributed ledger Proof of Concept  

PwC’s Emerging & Digital Technologies team has today announced an exciting project undertaken with the Bank of England which provided technical expertise and support to...

16 June 2016

Optimism wanes among financial services firms for second consecutive quarter – CBI/PwC

Growth in business volumes holds up Optimism among firms in the financial services sector fell for the second consecutive quarter in the three months to...

06 June 2016

PwC Legal hires new banking and finance lead

PwC Legal has appointed Laetitia Costa as head of its banking and finance Team. Laetitia joins from Milbank where she was a partner and has...

27 April 2016

PwC's Global Investor survey reveals contrast with CEO opinions on key skills, value creation and performance incentives

A new global survey from PwC reveals the differing views between investors and chief executives on key issues such as performance incentives, the availability of...

18 April 2016

Money Laundering: RUSI and PwC collaborate on impact review of the UK’s AML and CTF regulations

New project aims to survey effectiveness of compliance rules implemented by financial institutions, and assess the associated costs and effectiveness in combatting money laundering and...

15 April 2016

Standards setter finalises revenue rules - but it could cost billions globally to implement

The International Accounting Standards Board’s amendments to the new revenue standard, IFRS 15 "Revenue from contracts with customers", have now been finalised. Responding to the...

01 April 2016

Financial Stability Board (FSB) Taskforce on Climate-related Financial Disclosures (TCFD) launches first report - PwC responds

Jon Williams, financial services and climate change partner, PwC, comments on the challenge of bringing climate-related risks into the financial mainstream: “Given the scale of...

29 March 2016

‘Perfect Storm’ of events dampens optimism among financial services firms – CBI/PwC

Optimism among firms in the financial services sector has fallen at the fastest rate since 2011, according to the latest CBI/PwC Financial Services Survey. The...

17 February 2016

PwC appoints Patrick Spens to explore transformational potential of blockchain,distributed ledger technology and encryption

PwC has hired Patrick Spens, the former regulator, hedge fund founder and city trader, to help consider the implications and possible applications for blockchain technology...

UK banking CEOs issue warnings on cyber threats and job cuts - PwC survey

UK banking CEOs are preparing for cyber-attacks, predicting a decline in staff numbers and planning tax changes to reflect tougher stakeholder expectations over banking transparency....

21 January 2016

PwC launches new global technology team to harness Bitcoin technology

PwC has recruited 15 leading technology specialists to exploit and commercialise blockchain, the technology that powers the crypto-currency, Bitcoin. The new Blockchain team will be...

PwC comments on the Bank of England's New Bank Start-up Unit launch

Commenting on the announcement regarding the Bank of England’s launch of a New Bank Start-up Unit, Darren Meek, PwC's challenger banks leader, said: "This announcement...

18 January 2016

Profitability remains strong as Financial Services firms focus on costs, says CBI/PwC poll

Overseas level of business below normal, quarterly survey finds Growth in business volumes picked up more strongly than expected in the three months to December...

11 December 2015

IPO market ends 2015 on a high with estimated total annual proceeds increasing by 15% year on year

PwC expects to see more than €58 billion of proceeds raised in FY15, after Q4 delivered five mega IPOs raising more than €1.5billion each across...

10 December 2015

PwC comments on Basel Committee's announcement on Risk Weighted Assets consultation

Commenting on the Basel Committee issuing its second consultation on the Standardised Approach (SA) for calculating Risk Weighted Assets (RWAs) for credit risk, Richard Barfield,...

08 December 2015

Cyber crime fears dominate UK Banking Banana Skins' threat rankings

‘Banana Skins’ poll identifies top threats to banks UK bankers and market watchers now place fears about cyber crime at the top of a list...

23 November 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of Caparo Wire in Wrexham to Rcapital. This deal safeguards the jobs of 79 employees. The business specialises...

17 November 2015

Payroll mistakes cost FTSE100 businesses £10m-£30m per year each

Payroll errors cost the average FTSE 100 company between £10m and £30m per year, a new study from PwC has found. This surprising statistic forms...

28 October 2015

PwC restructuring scheme helps protect 2,000 jobs at steel trader Stemcor after lenders agree terms

As the steel industry finds itself under unprecedented pressure, PwC has announced a deal to help safeguard the jobs of close to 2,000 workers at...

15 October 2015

Pace of retailers shutting up shop plummets to lowest level for five years says PwC and The Local Data Company

H1 overall closures at five-year lows Lowest churn rate of openings + closures since 2011 Coffee shops, charity shops, take away food shops thriving Cheque...

09 October 2015

AIM Awards celebrate 20th year alongside AIM exchange’s 20th birthday as winners are announced

PwC is proud to announce the winners of the AIM Awards 2015. In this, the AIM exchange's 20th year, the volume, range and quality of...

AIM Awards celebrate 20th year alongside AIM exchange’s 20th birthday as winners are announced

PwC is proud to announce the winners of the AIM Awards 2015. In this, the AIM exchange's 20th year, the volume, range and quality of...

08 October 2015

Europe's IPO pipeline looks promising for the rest of 2015 and may match 2014 proceeds

Q3 2015 activity was subdued – with 53 IPOs (down 30% from Q3 2014) raising €4.6bn (down nearly a third on Q3 2014). 94% of...

06 May 2015

£675m bulk annuity deal between Rothesay Life and Lehman Brothers Pension Scheme Trustees announced

Rothesay Life assumes pension liabilities for all defined benefit pension scheme members of the Lehman Brothers Pension Scheme (“the Scheme”), including pensioners in payment and...

10 April 2015

Strongest European first IPO quarter since dotcom boom in Q1 2000

Q1 2015 saw €16.4bn of IPO proceeds in Europe, the strongest start for 15 years Activity was driven by €1bn+ deals in Madrid, London, Switzerland...

01 April 2015

Executive pay is falling in real terms and is getting harder to earn as 45% of chief executives receive no salary increase, says PwC research

PwC analysis shows executive pay levels are falling in real terms as early reporting shows 45% of FTSE100 executives have received no salary increase this...

18 March 2015

Budget - PwC says bank levy increase will be a blow to banks

Matthew Barling, PwC banking tax partner, said: "Today's announcement will be a blow to the UK banking industry. Coming hard on the heels of the...

16 March 2015

Net loss of stores rockets almost threefold says PwC and Local Data Company

Mobile phone shops, former bank branches , money services shops suffering Charity shops, coffee shops and E-Cigarettes outlets bucking the trend Despite the rate of...

04 March 2015

PwC expands its Debt & Capital Advisory team with three hires

PwC is has made further investment in its Debt & Capital Advisory business with the appointment of three experienced bankers, meaning that the firm now...

23 February 2015

Financial services firms lack the talent they need to succeed

70% of chief executives in the financial services sector see the limited availability of key skills as a threat to their growth prospects, a global...

29 January 2015

Creating winning culture essential if financial services firms are to flourish, says PwC

Cultural change in the financial services sector is destined to fail if players continue to focus on it primarily as a compliance requirement, says a...

11 December 2014

A year of two halves - 2014 European IPOs reach levels last seen in 2007, despite increasing investor fatigue in the second half of the year

European IPOs in the 11 months ended November 2014 (“YTD 2014”) raised over 80% more than the whole of last year, with 344 companies raising...

10 October 2014

Choppy outlook for European IPO market

• European markets were quieter than expected with the vast majority of the €6.6 billion proceeds being raised in July alone – but Q3 2014...

19 September 2014

PwC: what does the Scottish Referendum mean for tax in Scotland and the UK?

Commenting on what the Scottish Referendum result means for tax in Scotland, and the UK as a whole, David Glen, head of tax in Scotland...

PwC responds to the Scottish Referendum outcome: Lindsay Gardiner comments

Responding to the outcome of the Scottish referendum, Lindsay Gardiner, regional leader at PwC in Scotland, said: “After 23 months of debates and discussions, the...
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