Financial Services UK Archive » February, 2024

Financial Services UK - February, 2024

247 articles

• Judge Nixes Enforcement Of 'Fabricated' $88M Award
• Morgan Stanley Exec Denies 'Snobbery' In Frasers Fight
• HMRC Uncovers Complex Offshore Tax Avoidance Scheme
• Drax May Face Group Litigation Over Greenwashing Claims
• Mozambique President Beats 'Tuna Bonds' Immunity Appeal
• FCA Says Market For Credit Ratings Data Must Improve
• Global Regulator Seeks Stronger Swiss Bank Safeguards
• Following The Road Map Toward Quantum Security
• FCA Plan To Name Suspect Firms Early Alarms Finance Sector
• £1.84B Of Gov't-Backed COVID Loans Suspected Fraudulent
• Car Leasing Execs To Face 2026 Trial In £88M SFO Fraud Case
• MPs Launch Inquiry Into Effectiveness Of Russia Sanctions
• Staveley 'Feared For Life' When Signing £36M Loan Demand
• DLA Piper Hires Trio Of Energy And Infrastructure Partners
• Gov't Minister Sees Need For Simpler SME Access To Funding
• Sanctions Ruling Affords Gov't Leeway In Foreign Affairs
• Profit Warnings Rise For Pension Scheme Sponsors
• Why EU Ruling On Beneficial Ownership May Affect The UK
• Director Banned Over Unlawful £57M Investment Scheme
• Draft EU Withholding Law Breezes Through EU Parliament
• FRC Plans To Review Code For Asset Managers
• St James's Place Sets Aside £426M For Potential Client Refunds
• HMRC Customer Service At All-Time Low, Report Finds
• EX-NMC Health Group CFO Denies Knowledge Of $4.7B Fraud
• Global Pension Assets Total $55T In 2023, Broker Says
• Ex-Linklaters Pro Penalized Over Conduct In Saudi Fund Trial
• Grim UK Fiscal Outlook Precludes Tax Cuts, Think Tank Warns
• Financial Ombudsman Braced For APP Fraud Claims
• Simpson Thacher-Led EQT Nets Record $24B For PE Fund
• FCA To Start Naming Finance Firms Under Investigation
• Bank Of Ireland Kicks Off €520M Buyback After Profit Gains
• British Pensions Sector Backs FCA 'Advice Gap' Review
• Abramovich Ally Loses Test Appeal To Upend UK Sanctions
• Consumers Face Big Setback In £10B Mastercard Class Action
• Woman Denies Lying To Citibank To Launder Stolen Bitcoin
• 1 Pilot For Billionaire Cops Plea, But 2nd Says He's Innocent
• European Council Adopts Instant Credit Payments In Euros
• Justices Decline Standard Chartered Sanction Evasion Suit
• Judge Wrong To Bar Ex-Barclays VP From Recording Trial
• 10 Years And £1.6B Later, DPAs Are Only A Qualified Success
• Key Changes In FRC Code Aim To Promote Good Governance
• UK Unveils Plan For Surplus In £1.4T Pension Sector
• EU Strengthens Investors' Protection On Investment Funds
• Addleshaw Goddard Hires Macfarlanes Pro For Wealth Team
• Barclays Must Face Trimmed Suit Over $17.6B Over-Issuance
• VAT Refunds For Tax Errors Don't Require Interest, ECJ Rules
• Ex-Kurdish Energy Minister Largely Fails To Ax Libel Defense
• Russian Tycoon Can Take Sanctions Case To UK's Top Court
• Lawyers Question UK's Sanction Muscle 2 Years After Invasion
• UK Litigation Roundup: Here's What You Missed In London
• Allianz To Launch €1B Buyback, Boost 2023 Dividend
• Swiss Watchdog Launches New Unregulated Fund Category
• Pensions Regulator To Rejig Oversight Of Workplace Schemes
• Ruling In FCA Case Offers Tips On Flexible Work Requests
• Compensation Scheme To Cover £38M Pensions Transfer Cost
• FCA Fires Warning Shot Over City's Consumer Duty Failings
• Standard Chartered To Return $1B To Shareholders
• Spain Allowed To Reclaim Illegal Aid Given To Ship Buyers
• Upcoming Election Hampering Net-Zero Progress, MPs say
• NatWest Settles £60M VAT Fraud Case Ahead Of Retrial
• Transneft Ordered To Halt Bid To Block $14B Conspiracy Claim
• Fired Fund Exec Gets Deposit Order Axed In Harassment Feud
• UK Audit Sector's Stewardship Code Gains Support
• Gang Jailed For 'Industrial Scale' Money Laundering Operation
• A&O Hires 5-Person Structured Finance Team From Milbank
• Going Broke Is Top Concern For Retirement Clients
• Breaking Down The New UK Pension Funding Regs
• I'm Victim Of Morgan Stanley's Abuse, Ex-Frasers CEO Says
• Lloyds Bank To Return £2B To Investors As Profit Soars
• Lloyds Sets Aside £450M For FCA Car Finance Probe
• Argentina Must Pay Upfront In €1.3B Payment Challenge
• Zurich To Reward Shareholders With $5B After Record Profit
• NY Judges Question Lehman's Bid To Undo CDS Trial Loss
• Predicting DeFi Regulations At Home And Abroad In 2024
• Morgan Stanley Accused Of 'Snobbery' Over $1B Margin Call
• Money Laundering Checks No Evidence Of Crime, Court Hears
• Ex-Linklaters Atty Owes Saudi Royal $25M Over Missing Fund
• Pitmans Can't Strike Out Negligent Pension Advice Claim
• Insurer QBE Narrows Gender Pay Gap, But Bonuses An Issue
• EU Enforcers Detain 4 In €4.5M Money Laundering Swoop
• Pension Climate Reporting Has 'Failed To Shift UK Investment'
• FCA Targeting Failings In Consumer Duty Compliance
• Finance Firms Shuttered For £3M Loan Notes Fraud
• Satoshi Associates Deny Wright's Claim To Be Bitcoin Creator
• Financial Adviser Sues Law Firm For Ex-Director's Legal Fees
• Burges Salmon Leads Insurer's £11M Spar Pension Deal
• SFO Launches £140M Property Fraud Probe With Raids
• HSBC Sets Out $2B Share Buyback After 2023 Profit Gain
• Banking Oligarch's Wife Loses Russian Sanctions Challenge
• Ransomware Group LockBit Hit By Coordinated Crackdown
• EU Drops 4 Jurisdictions From Tax Haven Blacklist
• Addleshaw Goddard Hires ESG Expert From Clifford Chance
• EU Negotiators Adopt Rules To Widen Market Data Access
• Liquidators, Claiming Fraud, Blast Tycoon's Bid To Keep $1B
• Pension Transfers Could Cost Savers £70K In Retirement
• Pension Numbers Shrink As Funding Grows, Watchdog Says
• Barclays Plans £1B Share Buyback In Boost For Shareholders
• Israeli Fintech Plans $175M Share Buyback, Dividend Payout
• Alleged Putin Ally To Face UK Sanctions Breach Trial In 2025
• Insurers Detail Plans To Free £100B Amid Solvency Changes
• No Room For Doubt Over Madagascan Aide Bribery, Jury Told
• Lawyers For LC&F Chief Quit 'Ponzi Scheme' Trial Over Pay
• Bank Of Georgia Offers $303.6M For Armenian Lender
• AmTrust Hikes Counterclaim To £14M In Legal-Funding Fight
• Santander Launches €1.5B Share Buyback After Profit Gains
• ECB Imposes Stricter Bank Asset Rules For Climate Risk
• NatWest Begins £300M Share Buyback As Profits Soar
• Investment Scheme Manager Admits £19M Fraud
• Ex-SFO Prosecutor, Disputes Chief Join Paul Hastings
• Rusal Drags Abramovich Into Potanin Mining Dispute
• UK Litigation Roundup: Here's What You Missed In London
• Lawyers Advising PE On Alternative Exits Amid Market Slump
• Illegal Lender Imprisoned For Refusing To Pay Back Victims
• NatWest Plans £300M Buyback After Earnings Jump
• Stephenson Harwood Hires Regulatory Pro In Corporate Boost
• UK Pension Annuity Sales Hit £5.2B In 2023, ABI Says
• Claims Managers Are Clouding Regulatory Status, FCA Warns
• Ex-Goldman Sachs Banker Gets 22 Months For Insider Dealing
• JP Morgan And Viva Wallet Founder Sue Each Other
• Collapsed Pension Fund Claws Back £1.9M Lost In Fraud
• City Lobby Calls For Tax Cuts, Investment Reform In Budget
• Bitcoin 'Inventor' Mentioned Blockchain in 2008, Witness Says
• FCA Quizzes Top Firms On Advice Services Fees
• Osborne Clarke Steers £114M Standard Life Pension Deal
• UK Gov't Asks Financial Regulators To Review AI Policing
• Ex-Goldman Sachs Banker Guilty Of Insider Dealing
• Fintech Expert Appointed To FCA Board For 3-Year Term
• Addleshaw Goddard Adds BoE Deputy GC To Finance Team
• 5 Key Takeaways From The SFO Director's Maiden Speech
• Madagascar Official 'Never' Sought Bribes For Gem Deal
• Visa, Mastercard Accused Of Anticompetitive 'Floor' In Fees
• FCA Arrests Insider Dealing Suspects At London Homes
• BDO Sues Insurance Broker Over Unpaid M&A Advisory Fee
• UK Access Rules Too Burdensome, Say European Funds
• ABN AMRO Unveils €500M Share Buyback As Profit Rises
• HMRC Warns Self-Employed Taxpayers Of Scammers
• FCA Flagged 10,000 Misleading Financial Ads In 2023
• Pay Whistleblowers To Spur Fraud Fight, SFO Director Says
• Analyst Must Pay £20K For False Claim Against Commerzbank
• Ex-Tech CEO Wins £96K For Bullying, Payroll Whistleblowing
• JPMorgan Trust To Raise £40M After Demand From Investors
• EU Eases Rule Enforcement On Best Price For Clients
• Morgan Stanley Must Fix Evidence Failures Before $995M Trial
• UK Pension Surplus Dips Slightly To £425B
• New Panel Set Up To Promote UK Fund Investments
• Post-Election UK Pension Changes Could Be In The Fine Print
• One In Four Retirees 'Not Checking State Pension Forecast'
• Consultation Docs Can Help EU Firms Prep For Crypto Regs
• Former LC&F Exec Fined, Banned Over Misleading Ads
• LSE Faces 2 More Delistings Amid Exodus Concerns
• 'More Dawn Raids,' New SFO Chief To Promise In 1st Speech
• Madagascar Official Had 'To Be Paid' For Gem Deal, Jury Hears
• A Closer Look At Novel Jury Instruction In Forex Rigging Case
• Proskauer Hires Sidley Austin's Funds Head In London
• Danish Lender Spar Nord Kicks Off $72M Share Buyback
• UK Gov't Pushed To Reform Audit As Delays Cause Delistings
• FCA Tells Firms To Bear Brunt Of Policing Financial Crime
• Pension Reform Key For UK Savings Shortfall, Report Says
• Reporting Rules For Russia Sanctions Get UK Update
• 'Mastermind' Fraudster Who Stole £12M Gets 5 Years' Prison
• 2nd Circ. Revives Investors' Mexican Bond-Rigging Claims
• UK Litigation Roundup: Here's What You Missed In London
• Simmons & Simmons Adds Debt Capital Markets Pro
• UK Gov't Audit Backlog Plan Gets Watchdog Support
• Visa, Mastercard Bid To Ax Retailers' Swipe Fees Class Action
• UK Insurers Agree To Pause Sales Of Asset Protection Cover
• UK Regulators Need 'Growth Mindset' Lloyd's Boss Says
• Woodford Investors Get Court OK For £230M Redress Deal
• Barclays Agrees To Buy Tesco Banking Unit For £600M
• Investors' Call For Voting Changes Faces Practical Challenges
• FCA Sets Out Crime-Fighting Priorities For Finance Firms
• Plastics Manager Was Insider-Trading With Friend, FCA Says
• Bitcoin 'Inventor' Says He Is Victim Of Tampering
• Nordic Forex Bank's TM Opposition Gets Declined
• Pension Reform Needed To Plug Growing Savings Shortfall
• Pensions Regulator Boosts Data Gathering After Funds Crisis
• FCA Urged By Industry To Boost Investment Research
• 5 Questions For Hogan Lovells' Regulatory Expert Rachel Kent
• Russian Oligarch Usmanov Loses Bid To Lift EU Sanctions
• Fox Williams Hires Fintech Partner From Deloitte
• SocGen To Launch €280M Share Buyback Program
• Litigation Funding Implications Amid Post-PACCAR Disputes
• Madagascar Official Tried 'Earning Life' In Gem Deal, Jury Told
• Bank Shareholders Lose Claim Against Diamond's Atlas Mara
• Women Need Extra 19 Years In Work To Close Pension Gap
• Fieldfisher Hires Arbitration Pro For New Amsterdam Practice
• City Regulator Warns It Cannot Fine Cloud Service Providers
• FCA's Insider Trading Case Built On Lies, Defense Says
• Privinvest Asks Court To Nix Immunity For Mozambican Prez
• German Cum-Ex Trial Ends After €2.2M Profit Payback
• SFO, FCA 'Failing To Punish' Top Execs For Corporate Crime
• Pension Funding Hits Record Despite Gilt 'Roller Coaster'
• White & Case Hires Debt Finance Pro From Shearman
• UK Broker Says Office Raid During Cum-Ex Probe Was Illegal
• Trade Bodies Want Delay On EU Sustainability Rule Changes
• Aide To Madagascan President Recorded Asking For Bribes
• Bitcoin 'Inventor' Denies Forging Documents In Satoshi Claim
• Lloyds, Property Tycoon Settle £1.3B Libor Claim Before Trial
• What Extension Of French FDI Control Means For Investors
• Ex-Watchdog Boss Faults New Pension Funding Regulations
• Restrictions Upheld For E-Money Biz Following CEO's Arrest
• International Unity Needed To Seize Russian Assets, EU Says
• Ex-Goldman Sachs Banker Driven By Greed, FCA Suggests
• EU Securities Watchdog To Get New ESG Rating Powers
• Burges Salmon Guides Insurance Co. In £72M Pension Deal
• UBS Plans $1B Buyback In 2024 After Credit Suisse Deal
• PE-Funded Charity Beats Former Exec's Notice Pay Claim
• PE Firm Can't Revive Ex-Soccer Club Exec's Asset Freeze
• Bitcoin 'Inventor' Accused Of Forgery On 'Industrial Scale'
• What To Expect For Private Capital Investment Funds In 2024
• Cayman Islands Off AML Risk Lists, Signaling Robust Controls
• Insurer Cuts Claim Against Cigna For Costs Of Missold PPI
• Ex-Clifford Chance Lawyer Acquitted Of Insider Trading
• Pension Watchdog Warns Schemes After Capita Cyber Breach
• EU Listing Act Could Drive Issuers Abroad, Industry Warns
• Buyer Seeks £6.4M In Investment Scheme Franchise Feud
• UK Could Have To Raise Pension Age To 71, Study Warns
• Gov't Clarifies Pension Dashboard 'Deferral' Rules
• Confidence In Pensions Outlook Dips In UK, Studies Show
• Deloitte Consultant's Discrimination Claims Had 'No Evidence'
• UK Litigation Roundup: Here's What You Missed In London
• Lawyer Struck Off Roll Over $14M US Tax Fraud Conviction
• ED&F To Face £56M Trial Over Role In Danish Cum-Ex Fraud
• Developer's Claims To Be Bitcoin Inventor Face Key Test At Trial
• UK Labour Party Vows To Keep Corp. Tax Rate, Full Expensing
• Denmark Sentences Brit Trader To 6 Years For Cum-Ex Fraud
• Gazprom Subsidiary Told To Halt Claim Proceedings In Russia
• 'Unprecedented' Year Ahead For UK Pension Risk Transfers
• Mishcon Partner Says Bitcoin Property Buy Made Him Uneasy
• EU Watchdog Warns Of High Level Of Pensions Risk Exposure
• Pension Schemes Still Behind On Watchdog Code Prep
• Quality Of Financial Reporting Still Mixed, Watchdog Says
• Putin Ally Charged With Breaching UK Sanctions On Russia
• Danske Bank Launches $800M Share Buyback
• HgCapital Trust To Invest £44M In German Insurance Broker
• Accounting Watchdog Flags Barriers To Entry For Audit Firms
• Lawyer Convicted Of Tax Fraud Can't Halt Disciplinary Case
• EU Leaders Slow Plan To Use Frozen Russian Assets
• Greenwashing Risk Hurting ESG Funds, EU Watchdog Says
• Duet Group Co-Founder Gets Nearly 5-Year Cum-Ex Sentence
• EU Plans Closer Scrutiny Of BigTech Financial Services
• Labour To Take Forward Mansion House Pension Reforms
• Gov't To Navigate 'Regulatory Arbitrage' With Superfund Laws
• Switzerland Floats Plan To Curb Nature-Related Financial Risk
• Car Leasing Directors In Court For £88M SFO Fraud Case
• Cos. Should Plan Now For Extensive EU Data Act Obligations
• Austrian Lender BAWAG Buys Dutch Online Bank For €510M