Financial Services UK Archive » August, 2024

Financial Services UK - August, 2024

198 articles

• UK's Labour Gov't Urged To Raise Capital Gains Tax
• Couple Accused Of £29B Fraud Forced To Disclose Wealth
• UK Litigation Roundup: Here's What You Missed In London
• Swiss Banks Face Legal Issues On Instant Payments
• Widow Alleges Stake To $3B Oligarch Fortune Is Made Up
• Standard Life Named 'Safe Haven' For Defrauded Pensioners
• Embedding Consumer Duty: 6 Areas Firms Should Prioritize
• Fight Against Dirty Money Should Target Lawyers, Report Says
• Feds Say Ex-BigLaw Atty Can't Shake OneCoin Conviction
• Oil Execs Get 13 Years For $1.8B 1MDB Fraud
• Pension Consolidator Would Be Useful, Broadstone Says
• EU Warns That Greenwashing Risk Could Hit Investment
• Another British Steel Pension Adviser Declared In Default
• UK Teetering On Pensions Crisis, Mercer Warns
• Ombudsman Reports 70% Surge In Financial Complaints
• Law Firm Can Use Client Comms To Fight Conspiracy Claim
• Businessman Can't Force $1B Gramercy Suit Into Arbitration
• Collapsed Forex Broker To Pay Whistleblowing Exec £564K
• 2 UK Rulings Highlight Persistent Push Payment Fraud Issues
• BoE To Widen Checks On How Finance Absorbs Disruption
• LDI Managers Urged To Influence Gov't Climate Policy
• Swiss Life To Acquire Green Hydrogen Biz For $106M
• Money Laundering Cases Surge At Crown Courts, KPMG Says
• Ex-Barclays Exec Loses Appeal Over FCA Ban On Senior Job
• Kirkland Hires German Restructuring Pair From Gleiss Lutz
• Hong Kong Woman's Asset Freeze Extended Over Fraud Case
• Starmer Warns Of 'Painful' Budget As UK Braces For Tax Hikes
• 25 Banks To Adopt Tool For Survivors Of Economic Abuse
• BCLP Guides Fintech Plus500 On $110M Buyback Program
• Pinsent Masons Steers Insurer On £42M Pensions Deal
• Gov't Urged To Reform Pension Tax To Fill Budget Gaps
• Santander To Buy Back Shares Worth €1.5B To Trim Capital
• Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling
• Italian Prosecutors Open Criminal Probe Into Yacht Sinking
• Ex-Iraqi Minister Foils Reporting Org.'s Defense In Libel Case
• UK Litigation Roundup: Here's What You Missed In London
• Oligarch Denied Bid To ID Client Linked To $20M Transfer
• Direct Line Reveals Capital Ratio Accounting Error
• UK Terrorism Reinsurer Appoints Howden, Aon As Advisers
• Swiss Watchdog Recognizes Insurance Self-Regulation Plan
• Key Points From UK Prospectus Regime Reform Consultation
• Fidelis Denies Liability For $238M Over Stranded Planes
• Barclays Denies Losing Trader £6.7M On Investor Platform
• Mike Lynch's Path From Tech Founder To DOJ Target
• EU Decision Keeps Tax Relief For UK Investment Schemes
• Ukrainian Man Hits Cyprus Companies For £1.2M Loan Debt
• 'Beloved By Everyone': Attys Recall Clifford Chance's Morvillo
• Over 3M UK Pensioners To Be Dragged Into Higher Tax Rates
• UK Pension Deal Market Likely To Hit £40B In 2024
• Mike Lynch's Body Recovered From Yacht Wreck
• Bank Of Georgia To Buy Back Shares Worth $27M
• Top Commercial Disputes To Watch In 2nd Half Of 2024
• Sporting Co.'s Ex-Director Sentenced For COVID Loan Misuse
• Ex-Barclays VP Loses Bias Case Over Potential Promotion
• VAT Fraudster Loses Bid To Escape Repaying £1.4M
• Pension Bodies Call For Investment Consultants Regulation
• Paul Weiss Hires TDR Capital's GC For Private Equity Team
• PE Firm's £432M Deal Wins UK Security Clearance
• Broker SRG Eyes UK Rival Amid 2024 Shopping Spree
• Insurers Failing To Give Customers Good Value, FCA Warns
• Insider Trading Won't Impact Pilot's Tax Sentencing Guidelines
• Imprisoned Oligarch Bids For ID Linked To $20M Transfer
• Barclays Told To Reassess Promotion Process After Bias Case
• Linklaters Taps White & Case For Finance Head In Sweden
• Clifford Chance 'In Shock' Over Missing Partner
• FCA Move To Results-Based Regulation Could Hurt Firms
• Why NCA's 1st Seizure Of Sanctioned Funds Is Significant
• Pinsent Masons-Led Broker AUB Acquires UK Movo Group
• EU OKs CMS-Led Aareal Bank To Sell Unit To TPG For €3.9B
• Gov't Launches Pension Credit Promo Before Fuel Benefit Cut
• Mike Lynch, Clifford Chance Pro Among Missing After Yacht Sinks
• Deutsche Bank Moved Money For ISIS, Victims' Families Say
• Broker Wins Claim Over Bosses' Postchemotherapy Demands
• HMRC Did Not Victimize Female Civil Servant, Tribunal Finds
• Ex-Finance Co. Director Denies Forcing CEO's Share Transfer
• German Finance Watchdog Warns Of AI-Linked Discrimination
• Former BHS Directors Liable For £110M Over Collapsed Biz
• Gov't Targets Consolidation In First Phase Of Pension Review
• RPC Helps Japanese Fintech Debut In London After Purchase
• Pinsent Masons Steers Aviva's £34M Macmillan Pension Deal
• Deutsche, Ex-Trader End 2nd Libor Malicious Prosecution Suit
• Telecom Directors Deny Adviser's HMRC Fraud Claim
• Local Council Accuses Tycoon Of Misappropriating £150M
• UK Litigation Roundup: Here's What You Missed In London
• Pension Scheme Endgames Pushed Back Amid Falling Yields
• Specialist Lender OSB Announces New £50M Share Buyback
• PwC Fined £15M For Failing To Flag LC&F Fraud Suspicion
• Takeaways From New FCA Rules On Research Payments
• Revolut Valued At $45B After Secondary Equity Issue
• FCA Apologizes For Treatment of 'Voluntary Requirement'
• Union Group Calls For UK To Address Gender Pension Gap
• Gov't Urged To Unlock £16B LGPS Pensions For Investment
• FCA Censures Audit Firm On Client Assets Report Breaches
• London's Listing Regime Revamp Overshadows Junior Market
• Ukrainian Bank In $1.1B Russia Case Points To Nigeria Ruling
• PwC Owes $11M For Tax Errors, Real Estate Group Says
• Adviser Denies Owing Bank £9.2M After Bad Property Loan
• World Bank Member Sues Lebanese Lender For Unpaid $234M
• Aegon Launches Digital Pension Comparison Service
• Pension Funding Surplus Rises To £475B Despite Rate Cut
• EU Watchdog Sets Priorities For Bank Resolution Rules
• FCA Fines, Bans Consultant For Leaving Clients Uninsured
• Cypriot Forex Firm Fined For Exploiting Customers
• Travelers Defends DWFM Beckman Over Investment Advice
• Probe Unveils €500M Money-Laundering Group, Agency Says
• UK Charity Sector Pension Funding Reaches £50B
• PA Forced To Visit Boss' Home During Lockdown Wins £115K
• Firm Ex-Director Gets 15-Year Sanction For Investment Scam
• JPMorgan Trust Seeks Shareholder Nod For Equity Raise
• UK Regulators Mull Digital Reporting Future Outside EU
• Linklaters-Led Fund Buys Blackstone JV Homes For £405M
• Judge Won't DQ Asst. US Atty In Standard Chartered FCA Case
• UK To Look Deeper Into Amex GBT's $570M Buy Of CWT
• FRC Sees Too Many Cos. Using 'Boilerplate' Wates Filings
• What To Expect From Labour's Pension Schemes Bill
• Westfield Sues Clearpay Over Brand Deal Breach
• EU Watchdog Warned Of Crypto Risk For Retail Funds
• UK Pensions Body Calls For Reform For Investment Plan
• LCP Launches Tool To Check Gov't Pension Payment Errors
• Ex-Mozambique Finance Minister Convicted For $2B Scheme
• Kuwaiti Investment Arm Immune From Ex-CEO's Claim
• Pension Protection Fund Marks Progress On Climate Goals
• UK Litigation Roundup: Here's What You Missed In London
• Plane Stuck In Russia 'Not Lost,' Reinsurers Argue
• UK Tightens Disclosure Rules For Greensill-Type Finance
• Top Commercial Dispute Trials And Rulings Of 2024 So Far
• FCA Warned Over Risks From Value-For-Money Pension Rules
• Int'l Treaties May Aid Investors Amid UK Rail Renationalization
• Hargreaves Lansdown Agrees To £5.4B CVC Takeover Offer
• SEC Wins Jurisdiction Over German As Sanction For Default
• Derivatives Co. Fails To Refreeze Assets In Global Fraud Case
• Sidley, Milbank Tap Latham For Finance Hires In London
• EU Watchdog Finds Poor Practices In Nonbank Lenders
• Finance Co. Botched Risk Outline In Fire Claim, Insurer Says
• UK Gov't Refunds £57M In Pension Freedoms Overtaxation
• The Top Corporate Crime Cases Of 2024 So Far
• What EU Opinion May Mean For ESG Product Classification
• FCA Proposes Framework For Long-Term Pensions Value
• Bank Of Cyprus To Quit LSE, Weighs Athens Move
• Asset Freeze Continuing In OneCoin Investor Claim
• Adviser Tells Investor To Pay Up After €150M Investment
• Thurrock Sues Advisers Over Bond Investment Guidance
• Ex-Citibank Worker's Wages Claim Struck Out
• Crypto-Asset Firms Must Improve On Compliance, FCA Says
• Investment Co. Sues Rival Biz For Passing Off Qube TM
• FCA Expands Leeds Office With 100 More Employees
• Insurer Loses Appeal Over Romanian License Withdrawal
• Gov't Urges Pension Plans To Feed Infrastructure Spending
• EY Sanctioned For Breaching Fee Cap Over Russian Client
• Asset Manager To Pay Investors €250M After FCA Probe
• Travel Biz Directors Misused Funds, Leaving £17.6M Shortfall
• Davis Polk Hires PE Pro From A&O Shearman In London
• Forfeiture Gives NCA's Rarely Used 'McMafia' Order A Boost
• Senior SFO Official Heads For Exit After Less Than 2 Years
• BoE Identifies Resolution Issues At Top UK Banks
• Pension Body Urges Sector Tech Overhaul After CrowdStrike
• Eversheds Steers Sale Of Kodak Unit By Pensions Lifeboat
• Law Firm Sued Over Negligent Property 'Ponzi Scheme' Advice
• Alternative Investor Great Point Enters Into Liquidation
• Brown & Brown Buys Trade Credit Insurance Specialist
• NCA Not Liable For Regulator's License Withdrawal Decision
• Azeri Banker's Wife Forfeits Golf Club, Knightsbridge Home
• Glencore Ordered To Pay $152M In Swiss Bribery Case
• Most Pension Plans Unclear On Members' Retirement Income
• Goodwin Adds Secondaries Partner From Dechert In London
• FRC Tightens Accounting Guidance, Extends It To Listed Firms
• Gov't Warned Over Tapping Pensions For Economic Growth
• Ukraine War Shifts Contours Of Russian Litigation Landscape
• Unauthorized Mortgage Broker Must Pay £4M To FCA
• What New UK Listing Rules Mean For Distressed Companies
• SocGen Sells 2 Banking Units To Swiss Bank For €900M
• Paul Hastings Hires Finance Pro From Weil In London
• S. Korea Loses Bid To Set Aside $48.5M Hedge Fund Award
• Self-Styled 'Business Guru' Faces Investor's £5.6M Fraud Case
• Property Investor Denies Hiding Info From Franchise Buyers
• Taxation With Representation: Sullivan, Dechert, Kirkland
• UK Litigation Roundup: Here's What You Missed In London
• SFO Claws Back Funds From Convicted Property Developer
• Top UK Court To Hear HMRC Car Park Tax Dispute With NHS
• FCA Charges Unauthorized Mortgage Broker With Fraud
• FCA To Allow Flexible Use Of Unclaimed Investment Assets
• AI Reforms Prompt Fintech Compliance Considerations
• Ex-F1 Boss Sues HSBC For £5.5M For Wrongly Selling Bonds
• BNP Paribas To Buy Axa's Investment Manager For €5.1B
• World's First AI Act Takes Effect In EU
• Barclays Wins £13.7M Freezing Order Action Against Directors
• Investor Wins $180M Claim Over Plane Leases Against VietJet
• City Firms To Invest Up To £20B Of Pension Funds In UK Biz
• EU Watchdog Warns Of Risk From Global Crypto-Asset Firms
• Tragedy And A Hustle: 5 Takeaways From The 'Tuna Bonds' Ruling
• UK Capital Gains Tax Liabilities Decline, HMRC Says
• Watchdog Names Banks Reimbursing Few APP frauds
• Italy's Banca Generali Beats Credit Note Issuer's Appeal
• Early Pension Dips Raise Long-Term Concerns, Insurer Says
• Irish Businesses Should Act Now To Prepare For EU AI Act
• Tchenguiz Can't Dodge £8M IG Index Spread Betting Debt
• Accounting Standards Setter Eyes Better Climate Reporting
• Barclays Plans £750M Buyback As Profits Beat Estimates