Close Brothers Corporate Finance has completed its voluntary redundancy programme, cutting its workforce by about 24% in London.

A source close to the firm said that Close had managed to make all the cuts it wanted to through the voluntary redundancy programme. The source said: 'There are not going to be any compulsory redundancies at this stage.'

Close Brothers cuts 24% with voluntary redundancy

Janine Brewis

Close Brothers

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Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

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Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

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Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

Trump’s Tariff Pause ‘Welcome Reprieve’ For Global Economy, Canada PM Carney Says

The BOE said that further sharp falls in asset prices are likely.

Bank of England Warns of Tariffs Threat to Stability of Global Financial System

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