Financial Services UK Archive » July, 2024

Financial Services UK - July, 2024

233 articles

• HSBC Says HUD Has Closed Fair Lending Probe
• FCA Can't Avoid Paying Julius Baer Bankers' Legal Costs
• Indian Businessman Loses Extradition Over $32M Loan Fraud
• Dutch Regulators OK Freshfields-Guided Asset Exchange
• Retired Couple Can't Duck Ex-Solicitor's Forex Deceit Win
• DMH Stallard Adds Tax Atty To London Practice
• SocGen To Invest €250M In Energy Transition Biz
• EU Investment Fund Standards Offer Welcome Clarity
• SFO Eyes Potential £237M Legal Bill For ENRC Misconduct
• Budget Cuts 'Jeopardize' Pension Portals, Aegon Warns
• Holding Co. Can't Dodge Liability In IP Misrepresentation Feud
• Gov't Plans Backstop Legislation To Tackle Audit Backlog
• FCA Maintains Restrictions On London Stone Securities
• Aussie Bank ANZ Acquires Suncorp Unit For $3.2B
• Pension Plans Do Minimum ESG Compliance, Watchdog Says
• HSBC Unveils $3B Buyback As Profits Remain Stable
• Consumers Can Appeal Some Blocked UK Mastercard Claims
• UK Healthcare Ex-Directors Banned For £30M In Unpaid Taxes
• WFW Partner Moves To Dubai To Join Ship Finance Offering
• NCA Ducks Litigation Risk In 1st Seizure Of Sanctioned Assets
• Regulator Highlights Quality Gaps Among Top Auditors
• Pension Tax Reform Could Unlock £100B For UK Growth
• Bank Of England Plans New Scrutiny Of Foreign Banks In UK
• Pensioner Welfare Cuts Create 'Cliff Edge,' LCP Says
• StanChart Launches Record $1.5B Share Buyback Program
• FCA Could Extend Deadline On Motor Finance Complaints
• Pension Firms Meeting Equity Investment Goals, Insurers Say
• UK Crypto Biz To Raise £6.5M Via Private Share Placing
• Crypto Investors Get Provisional OK For £9B Binance Claim
• Gov't Consults On Tax Hikes For Fund Managers, Non-Doms
• NFT Game Collaborator Says She Was IP Co-Owner
• Marketer Told She Had Baby 'At The Wrong Time' Wants £30K
• Morgan Lewis Adds Investment Pro From Paul Hastings
• New Defined Benefit Funding Code Laid Before Parliament
• Top Corporate Crime Cases To Watch For The Rest Of 2024
• Zurich Invests $60M In Cyber Insurance Provider For SMEs
• FCA Weighs Taking Protection From Some Insurance Clients
• NCA Seizes Assets As Russian Oligarch Ends Sanctions Fight
• Unpacking The New Concept Of 'Trading Misfeasance'
• Mozambique Claims Victory In UK Tuna Bond Scandal Case
• UK Gov't Denies Leaked Greensill Probe Caused Him Harm
• NCA Data Project Set To Catch Financial Criminals
• Fieldfisher Adds Banking Litigation Pro From Hausfeld
• Valderrama Golf Course Owner Heir Blocked From Sale Profits
• FCA To Overhaul Prospectus Rules To Boost Capital Markets
• EU Banks Must Improve Cyberattack Protection, ECB Says
• UK Litigation Roundup: Here's What You Missed In London
• Consultant Claims $2M From Port Co. For Unpaid Fees
• Fraudster Sentenced For Instagram Motor Insurance Scam
• NatWest To Buy £2.5B Mortgage Portfolio From Metro Bank
• Key Takeaways From Proposed EU Anticorruption Directive
• Natwest Seeks €155M Swap Funds From Dutch Mortgage Co.
• Audit Watchdog Sanctioned Firms £48M Last Year
• Hayes Can Appeal Rate Rigging Conviction At Top UK Court
• Plan To Return WealthTek Clients' Money Gets Green Light
• Labour Gov't Faces 'Tricky Balancing Act' On Policy Priorities
• 4 Banks Ordered To Comply With UK Retail Competition Rules
• Belgium Taken To EU Court Over Deposit Exemption Rules
• FCA Consumer Duty Deadline May Spark Clash With UK Gov't
• Coinbase Unit Fined £3.5M For Crypto-Related Breaches
• Revolut Gets UK Banking License To Permit Expansion
• Ex-Barclays CEO Told To Testify In Appeal Of Qatar Fees Fine
• EU Trade Body Warns Against FCA Enforcement Plans
• Cuban Bank Denies Transferring €72M Debt To Offshore Fund
• Asset Recovery Firms Deny Profit-Stripping Rule Is Too Harsh
• Russia Sanctions Enforcement Lacks Bite, UK Charity Says
• UniCredit To Buy Vodeno, Aion Bank For €370M
• UK Bans 830 Directors For COVID Loan Abuse In 12 Months
• British Steel Pension Redress Scheme Pays Out £8.7M
• Can New Pensions Minister 'Serve Two Masters'?
• FCA Confirms Plan To Protect Access To Cash
• Akin Alum To Head Paul Weiss' European Restructuring Team
• 'Mortgage Prisoners' Sue TSB In £800M Trial Over Contract
• EU Urged To Give Finance Watchdogs More Powers
• Employees Fight 'Harsh' Penalty In Bad Faith Resignation Test
• Bird & Bird Hires 2 Ex-Hogan Lovells Finance Pros In Milan
• Lloyds Sued Over Payments Linked To Alleged £1.2B Fraud
• Bond Administrator Enters Liquidation After FCA Restrictions
• HMRC Wins Appeal Over Taxation Of Partnership Rewards
• Derivatives Co. Bids To Reinstate Freeze In Global Fraud Case
• NatWest Fends Off Bid To Revive Design School Fraud Case
• Lending Biz CEO Says Director Forced Him To Transfer Shares
• Barclays Bids To Cut £330M From 'Dark Pool' Securities Claim
• EU Renews Russian Financial Sanctions For 6 Months
• UK Eases Reporting Rules For Investment Stewardship
• Gov't Plans 'Big Bang' Pensions Reform To Fuel UK Growth
• White & Case Hires Secondaries Pro From Ropes & Gray
• Ex-Lib Dem Leader Swinson Grilled Over Horizon Scandal
• Staveley Drops Fight Over £3.4M Payment In Loan Dispute
• Cifas Justifies Marking Bank Activity For Suspected Fraud
• Lawyers Test New Routes For Redress For APP Fraud Victims
• How Regulation Of Tech Providers Is Breaking New Ground
• Gov't Floats Draft Proposal For OBR 'Fiscal Lock' Powers
• UK Litigation Roundup: Here's What You Missed In London
• UK Clears Nationwide's £2.9B Purchase Of Virgin Money
• Businessman Found Guilty Of Fraud For COVID Loan Abuse
• Casino Group Faces French Price-Fixing Probe
• Ukraine Businessman Looks To Arbitrate $1B Gramercy Suit
• Law Firm Did Not Think SRA Alerts Applied To Former Client
• GE Can't Claim Credit For £189M In Double Tax, Court Says
• PE Firm's £432M Deal Awaiting NSIA Clearance Pushed Back
• Pension Experts Urge 'Gateway Tests' For Public Consolidator
• Treat Politically Exposed People Better, FCA Tells Firms
• Faegre Drinker Hires Ex-Northern Trust Legal Chief
• Retired Couple Seek To Override Ex-Solicitor's Deceit Win
• Qatari Fund Sues Sheikh Over Stalled 70-Carat Diamond Deal
• Labour Revives Arbitration Bill To Reform £2.5B Industry
• UK Gov't Moves Ahead With Accounting Reform Bill
• What EU Net-Zero Act Will Mean For Tech Manufacturers
• EU Financial Watchdogs Set Up Cyber-Risk Info Exchange
• Labour Gov't To Make Fiscal Rules Law, Empower OBR
• Gov't Plans Pensions Bill To Consolidate Retirement Savings
• Tycoon's Pilot Says Feds' Stock Tip Claims Don't Add Up
• Ex-Goldman Banker Denies Bribe Charges After Extradition
• Ex-Mozambique Official Accused Of $2B Fraud As Trial Opens
• Self-Styled Bitcoin Founder Could Face Criminal Prosecution
• Labour Government Urged To Introduce Green Tax Credits
• Financial Intel Firm To Buy Fund Ratings Biz RSMR
• Donre Advisory Enters Liquidation After FCA Scrutiny
• Complying With EU Commission's Joint Purchasing Rules
• Disputes Boutique Hires Fladgate Insolvency Pro As Partner
• Fraudster Allegedly Used COVID Loans For PA's Legal Fees
• Top UK Court Rules Deal Advice Fees Are Not Tax Deductible
• SEC Says German Flouting Discovery In $150M Fraud Probe
• UK Watchdogs Look At Digital Wallet Risks, Benefits
• Insurers Investing In AI Due To New Accounting Standard
• Labour Gov't Urged To Consult On Green Finance Rules
• Tips For Implementing EU Sustainability Reporting Guidance
• SFO Beats Trader's Costs Demand Over Delayed Disclosure
• Retail Complaints To EU Cross-Border Investment Firms Soar
• PayPal Fined $27.3M By Polish Competition Watchdog
• WH Ireland Completes £5M Sale Of Capital Markets Division
• Lawyer Beats Allegation He Helped Tycoon Duck Asset Freeze
• UK Litigation Roundup: Here's What You Missed In London
• Israeli Aquafarm Blames War For Unpaid $21M Debt
• Dentons To Face SRA Appeal On AML Misconduct Ruling
• Asset Manager Impax Completes Financial Adviser Buyout
• FCA Cuts Record-Keeping For Banks Advising Listed Firms
• Why Ukraine Aircraft Insurance Case Failed To Take Off In UK
• Fix AML Defenses Or Face Fines, German Banking Group Told
• Gov't Urged To Set Up Comp Program For Pension Failings
• London Revamps Listing Rules To Hone Competitive Edge
• NCA Can Seize Money Linked To £55M Tax Scam
• Labour's 'Fresh Approach' To Tackling Financial Crime
• Labour Urged To Represent All Generations In Policy Planning
• Barclays Sued By Trader For Suspending Investor's Account
• Unpacking Pressures, Trends Affecting Global Supply Chains
• Social Media Influencers Deny FCA Charges Over Forex Ads
• Ex-Autonomy CFO Formally Banned After Conviction
• FCA Overhauls Share Listing Rules To Boost LSE
• Deutsche Bank Settles Ex-Trader's Malicious Prosecution Suit
• HMRC, CPS Beat Financier's Claim Over Botched Prosecution
• FCA Beats Applicant's Claim Over Noise Aversion Condition
• UK Prosecutors Secure 1st Monero Crypto Payout
• Travers Smith Hires Infrastructure Finance Pro From WFW
• What UK Digital Markets Act Will Mean For Competition Law
• Citi Rebuked Over Botched Misconduct Probe Into Trader
• Gov't Appoints Minister For Both Treasury And DWP
• Finance Co. Can't Escape Liability In £1.7M Failed Investments
• PE Biz TowerBrook Bids £253M For Payments Platform Co.
• Hedge Fund Says Nickel Pause Was 'Regulatory Overreaction'
• Labour Gov't Plans Investment-Boosting National Wealth Fund
• Global Standard Setter Guides Firms On Third-Party Risk
• MHA MacIntyre Hudson, 2 Ex-Staff Fined For Audit Failures
• Malaysian Investor Fights To Block €36M Claim At Top Court
• Pensions Bill Unlikely In King's Speech, Aegon Says
• FCA To Require Criminal Record Checks On New Firm Owners
• Ex-Pensions Minister Timms Returns To DWP In New Gov't
• BBC Rebuffed In Effort To Cut Costs Of £20B Pension Scheme
• Thomas Cook Creditors To Get Back £280M After Asset Sale
• FX Fund Says Investments Wiped Out By Legit Trading Losses
• Trader Denies Knowingly Making False Cum-Ex Trades
• Council's Whistleblowing Investment Head Unfairly Sacked
• Audit Watchdog Creates New Monitoring, Digital Functions
• What New UK Labour Gov't Is Planning For Financial Services
• Reeves Sets Out Plans For Pensions Investing, Fiscal Review
• Pensions Watchdog To Probe Master Trust Investment Plans
• NIG Sued By Asset Manager Over £4M Fire Destruction
• Companies Trading In The EU Should Heed Mondelēz Ruling
• EU Plans To Cut Some Financial Reporting Requirements
• EU Watchdog Sets Out Sustainability Reporting Expectations
• Bitcoin Fraudster Gets £1.5M Of Assets Frozen
• UK Litigation Roundup: Here's What You Missed In London
• Matrix KC Richard Hermer Tapped For Attorney General
• Signature Litigation Partner Elected To ICC
• Recruiting Co. Fights To Overturn Redundancy Fairness Loss
• Shabana Mahmood Named Labour's New Justice Secretary
• Nordea Laundered $4B For Russians, Denmark Police Say
• Starmer Picks Reeves For Treasury To Steer Growth Aims
• Starmer Starts Work As Cabinet Appointments Expected
• Investment Cos. Ask New Gov't To Remove Disclosure Rules
• Mastercard Fails In Jurisdiction Bid To Cut Swipe Fees Claim
• Aegon Calls On Labour Gov't To Set Up Pensions Commission
• Labour Gov't To Prioritize Competitive Financial Regulation
• Labour's Big UK Election Win Clears Way For Tax Reform
• Labour Sweeps Tories From Power In UK Election Rout
• HSBC Wins Appeal Over Brexit Move Of EU Body To Ireland
• WSJ Publisher Dow Jones Must Face Bankers' GDPR Claims
• Why Reperforming Loan Securitization In UK And EU May Rise
• Pope Aide Says Vatican 'Trapped' By UK Property Deal
• Lender Hits Elite Law For £1.9M Over Alleged Loan Breach
• Emirati Scrap Metal Sellers Lied To Secure $45M Loan
• Insurers Disadvantaged By EU Sustainability Reporting Rules
• Briton Wins Bid To Challenge $99M Wine Fraud Extradition
• Pension Deals Market 'Driven By Transactions Under £100M'
• London IPO Market Gaining Momentum, EY Study Finds
• Barclays Sells €4.7B German Consumer Biz To Austrian Bank
• Ukraine Bank Slams Stay Request In $1.1B Suit Against Russia
• M&G Lands £309M Pension Deal For Machinery Co.
• PIC Seals £1.2B 2nd TotalEnergies UK Pension Plan Buy-in
• Credit Suisse Units Fined $19.5M For South Korea Breaches
• What French Watchdog Ruling Means For M&A Landscape
• WTW Launches Insurance Policy For Asset Managers
• Financial Intel Biz Buys Abrdn's Compliance Unit For £14.6M
• Gambling Biz Settles €273M Buyout Dispute With Financier
• £8.5M Property Deal Said To Defraud Creditors In Debt Row
• Worldpay Faces Demand For Client Info In Alleged FX Fraud
• EU Watchdog Requires Regulatory Liaison On Insurer Moves
• Latham Hires Finance Trio In London From Cahill Gordon
• Lawrence Stephens Hires 2 Directors From Rosling King
• New Directors' Code Of Conduct May Serve As Useful Guide
• FCA Approves PE Firm's £432M Bid For Wealth Manager
• City Body Calls For Digital Gilt To Boost Retail Investing
• Liechtenstein Bank To Buy Austria's Kantonalbank
• Just Group Lands £260M Aviation Co. Pension Deal
• HSBC Beats Former Risk Chief's Race Bias Case
• Accountant Loses Employee Status Bid In Partnership Fight
• Global Group Tells Banks To Report Suspected Crime Better
• Monzo Introduces New Anti-Fraud Controls
• EU Bans Giving Tax Consulting Services To Belarus
• Payment Services Business Begins £20M Share Buyback
• Skadden-Led BlackRock To Buy Data Group Preqin For £2.6B
• Osborne Clarke Guides Aviva's School Pension Deal