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Recent Editions
North America
Human Times
A former Citigroup executive claims in a lawsuit that she was dismissed after raising regulatory and compliance questions. A source familiar with the case said the concerns involved a request to open a bank account connected to President Donald Trump. The heavily redacted complaint, filed in Brooklyn federal court, was filed anonymously, using the pseudonym Jane Doe. The plaintiff, a former managing director in Citi's wealth management division, claimed she had identified deficiencies in Citi's internal controls for risk management, anti-money laundering, reputation risk, and data compliance. Citigroup has denied the allegations in the lawsuit and said it had "absolutely zero merit."
Full Issue
UK
Human Times
AI is splitting the global labour market in two, according to a PwC study of data including over one billion job postings across 27 countries and territories. The technology is rewarding companies that use AI to enhance human skills, but those who use it merely to cut costs are being left behind, the study suggests. “The companies seeing the greatest returns on AI are using it to amplify human expertise, accelerate innovation and create entirely new sources of value,” observed Joe Atkinson, PwC’s global chief AI officer. “They’re pulling further ahead on productivity and growth than companies that focus primarily on automation.” Entry-level AI-exposed roles that require what have traditionally been senior human competencies, such as judgment, empathy, ethics, creativity and leadership, have grown 35% since 2019, while so-called “non-seniorised” entry-level positions, which don’t require such skills, have shrunk by 10%, PwC said.
Full Issue
USA
Education Slice
A growing ecosystem of artificial intelligence (AI)-powered apps is helping students conceal the use of artificial intelligence in schoolwork, prompting concerns among educators about academic integrity and the erosion of critical thinking skills. Tools known as “humanizers” rewrite AI-generated text to appear more natural, while “autotypers” simulate human writing behavior by gradually entering text, adding edits, and creating version histories designed to evade AI-detection software. Many of these products are heavily promoted on TikTok and YouTube, with some companies openly marketing their ability to help students avoid detection. At the same time, several established educational technology firms offer both AI-writing assistance and AI-detection tools, highlighting what industry leaders describe as an escalating technological arms race between detection and evasion. Educators increasingly worry that widespread reliance on AI may undermine skill development, while technology companies argue that AI-assisted writing will become a standard part of education and future workplace expectations.
Full Issue
USA
Accountancy Slice
The FASB has issued a proposed Accounting Standards Update (ASU) aimed at improving hedge accounting guidance for interest rate risk and net investment hedging, following stakeholder feedback seeking closer alignment between accounting treatment and risk management practices. The proposal would allow entities to hedge interest rate risk on held-to-maturity debt securities, permit the use of any tenor of the secured overnight financing rate (SOFR) in hedge designations, and expand eligible net investment hedging instruments to include certain float-to-float cross-currency swaps with different reset dates. Comments on the proposal are due by August 17. Separately, FASB has released a proposed ASU addressing accounting for certain market-return cash balance plans. The proposal would clarify the discount rate used to measure benefit obligations, responding to concerns that existing guidance does not fully reflect the economics of these plans. Comments on this proposal are due by August 10.
Full Issue
Scotland
Legal Matters Scotland
John Swinney was pressed at First Minister's Questions to guarantee safe maternity care across Scotland as ministers moved to advance a national review seven months after promising one. Scottish Labour leader Anas Sarwar cited a Healthcare Improvement Scotland report that found some expectant mothers faced induction delays of up to 190 hours, increasing risks including sepsis, more complex births and deliveries in unsuitable settings. He also pointed to 406 adverse maternity events between 2019 and 2025, including deaths. Swinney said ministers were "very concerned", that all 26 requirements for NHS Greater Glasgow and Clyde were being pursued urgently, and that affected families would be meaningfully involved in the review.
Full Issue
North America
Legal Slice
A former Citigroup executive claims in a lawsuit that she was dismissed after raising regulatory and compliance questions. A source familiar with the case said the concerns involved a request to open a bank account connected to President Donald Trump. The heavily redacted complaint, filed in Brooklyn federal court, was filed anonymously, using the pseudonym Jane Doe. The plaintiff, a former managing director in Citi's wealth management division, claimed she had identified deficiencies in Citi's internal controls for risk management, anti-money laundering, reputation risk, and data compliance. Citigroup has denied the allegations in the lawsuit and said it had "absolutely zero merit."
Full Issue
Europe
Risk Channel
A former Nigerian oil minister has been cleared of taking bribes from wealthy oil and gas industry figures seeking lucrative contracts in Nigeria. Diezani Alison-Madueke was found not guilty after a trial at London's Southwark Crown Court of five counts of accepting bribes and a charge of conspiracy to commit bribery. Alison-Madueke was Nigeria's oil minister between 2010 and 2015 and the one-time president of oil cartel Opec. Her acquittal is a blow for the UK's National Crime Agency (NCA), which had been investigating her for 13 years. "This case has exposed just how tough it is to investigate and prosecute alleged corruption involving political elites," said Zainab Saleem from campaign group Spotlight on Corruption. Alison-Madueke's lawyers argued the spending cited by the prosecution was reimbursed, by the Nigerian state for official business or by herself for personal expenses.
Full Issue
North America
CFO Slice
Technology companies are increasingly recruiting sitting chief financial officers directly from rivals and even their own boards as compressed business timelines and high-stakes investment demands make traditional executive succession processes too slow. The trend is exemplified by Marvell Technology’s appointment of former Adobe CFO Dan Durn, who bypassed a conventional executive search after serving for two years on Marvell’s board and chairing its audit committee. The move allowed Marvell to avoid a lengthy onboarding process and quickly install a finance leader familiar with the company’s strategy as it navigates growing demand for data center infrastructure. The growing competition for experienced finance executives reflects a broader shift in corporate governance. Boards are seeking leaders who can immediately manage capital allocation, technology investments, and shareholder expectations in an environment where execution windows have narrowed and capital remains expensive.
Full Issue