Tag: criticism

Mike Pompeo steps up criticism of HSBC over Hong Kong

Image copyright Reuters Image caption US Secretary of State Mike Pompeo has criticised HSBC’s support for China’s new security law US Secretary of State Mike Pompeo has renewed his criticism of banking giant HSBC, accusing it of aiding China’s “political repression” in Hong Kong. He said he was “dismayed” that executives at Next Media, a pro-democracy media group, were apparently… Read more →

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Accountancy giants face revamp amid criticism

Image copyright Getty Images The UK’s biggest accountancy firms have been told to ring-fence their audit arms from their consultancy units by 2024 in a major shake-up of the sector. The Financial Reporting Council (FRC) has told the “Big Four” they must submit separation plans by October. It follows the collapse of several high-profile companies that had been approved by… Read more →