Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.
Jurors in the antitrust trial of three former foreign exchange traders for Citigroup, Barclays PLC and JPMorgan Chase & Co. units on Friday heard a recording of a former Barclays trader voice concern about his allegedly collusive trading behavior in the forex market as prosecutors wrapped up their witness testimony.
A Qatari-owned bank is suing the owners of a yacht known as the Force India in the English courts in an effort to recover around €5.2 million ($6 million) it says it is owed under a loan deal with Gizmo Invest SA, a Luxembourg-based entity.
The last week has seen Allianz sue Maersk, a Barclays request to transfer part of its banking business and another filing between two sides fighting over payouts from a £200 million RBS rights holders settlement. Here, Law360 looks at those and other new claims in the U.K.
A Singapore-based bank has filed a lawsuit in London against commodities exporter Global TradingLinks, seeking over $9 million in damages that it claims to have suffered as a result of deception in the paperwork supporting a trade deal.
The international anti-money laundering watchdog said on Friday that national regulators will supervise cryptocurrency exchanges and wallet providers, in a landmark move that will bring virtual assets under regulation in order to prevent criminals from using them to launder money and fund terrorism.