Financial Services UK

  • October 21, 2026

    Tavistock Agrees £3M Subsidiary Sale, Eyes Deal With Atomos

    U.K. financial services group Tavistock Investments PLC said Wednesday it has agreed to sell one subsidiary for £3 million ($4 million) and has entered exclusive negotiations over another disposal, as the group continues to refocus its operations.

  • October 21, 2026

    UK Financial Tax Hike Would Risk Growth, Group Warns

    The Labour government risks economic growth by putting higher taxes on banks on the agenda ahead of the autumn budget, the Confederation of British Industry warned Wednesday.

  • October 21, 2026

    FCA Ends Home REIT Probe, But Will Aid SFO Investigation

    The Financial Conduct Authority confirmed on Wednesday that it has closed its investigation into Home REIT, a social housing investor, while a criminal probe by the Serious Fraud Office into the company is still underway.

  • October 21, 2026

    Mex Group Fights $150M Losses Claim Over Asset Freeze

    Mex Group told an appeals court Wednesday that two executives and a financial services company cannot claim around $150 million in losses from a worldwide freezing order because it did not prevent them from trading or marketing bonds.

  • October 21, 2026

    Mozambique Can Pursue Safa Widow In 'Tuna Bonds' Case

    The widow of shipbuilding tycoon Iskandar Safa lost her attempt on Wednesday to prevent Mozambique from pursuing her for her husband's alleged liabilities arising from a $1.9 billion damages award in the landmark "tuna bonds" corruption case.

  • October 21, 2026

    Ex-Vector Wealth CEO Fined, Banned Over Mini-Bond Scheme

    The Financial Conduct Authority said Wednesday it has banned and fined the former chief executive of Vector Wealth after he acted as a front for the company to lure individuals into buying high-risk bonds, causing losses of £4 million ($5.4 million).

  • October 21, 2026

    FCA Sets Out DeFi Guidance To Address Financial Crime Risk

    The Financial Conduct Authority set out proposed guidance on Wednesday for regulated companies that use decentralized finance to encourage them to tackle heightened risks of crime and be resilient against cyberattack.

  • October 21, 2026

    Mortgage Adviser Sacked While Pregnant Wins £24K

    A tribunal has ordered a mortgage advice firm to pay £24,200 ($32,400) after ruling it discriminated against an employee by firing her while she was pregnant.

  • October 21, 2026

    ScottishPower's £28M Redress Payments Are Not Deductible

    ScottishPower must pay tax on £28 million ($37.5 million) in redress for regulatory failures after Britain's top court ruled on Wednesday that the compensation was similar to a penalty.

  • October 20, 2026

    London Stock Exchange Can't Nix MayStreet Suit, Judge Says

    The Delaware Chancery Court has refused to toss a suit accusing the London Stock Exchange Group PLC and a few of its subsidiaries of luring MayStreet Inc.'s co-founder and former CEO into selling the company with false promises of growth and then failing to honor post-closing obligations under the merger contract.

  • October 20, 2026

    Shareholder In Drug Co. Recordati Opposes €10.5B Bid

    A minority stakeholder in Italian pharmaceutical giant Recordati SpA on Tuesday urged fellow shareholders not to accept a consortium's €10.5 billion ($11.8 billion) takeover offer, arguing the bid falls "far short" of the company's real value.

  • October 20, 2026

    UK Chancellor Rejects Capital Gains Tax Hike, Report Says

    Chancellor of the Exchequer John Healey has rejected calls from other Labour figures to raise capital gains tax in the U.K.'s upcoming budget, according to a newspaper report, in favor of taxes on banks.

  • October 20, 2026

    4Syte Sues ECapital For £4M Over Alleged Fraud Cover-Up

    Invoice finance lender 4Syte has sued fellow invoice finance provider eCapital for £4 million ($5.3 million), alleging it deliberately concealed fraudulent activity by six borrowers before they were transferred to 4Syte.

  • October 20, 2026

    BNP Paribas Seeks Early $119M Win In UAE Fraud Case

    BNP Paribas urged a London judge Tuesday to enforce a debt of more than 436 million United Arab Emirates dirhams ($118.7 million) that is allegedly owed by an oil company owner under an Emirati judgment, arguing that he does not have a real chance of successfully defending against its claim.

  • October 20, 2026

    Google Cloud Outage Hits Banks, Halts Court Hearings

    Trials and court hearings were disrupted Tuesday by a Google Cloud outage that hit the courts' video system, which is used for remote hearings.

  • October 20, 2026

    Revolut Gets Crypto License In Gibraltar

    Revolut has secured a cryptocurrency services license in the British overseas territory of Gibraltar, as the fintech seeks to expand its digital asset business into additional international markets.

  • October 20, 2026

    Chinese Investors Sue Developer For £2.4M Loan Repayment

    Two Chinese investment companies have sued a developer for £2.4 million ($3.2 million), alleging that he defaulted on a repayment plan brokered over WeChat after his property business fell into liquidation.

  • October 19, 2026

    Ex-Security Says Police Killed People At Tanzanian Mine

    A former soldier who was security manager for a Tanzanian mine told the High Court on Monday that Tanzanian police had killed people at the site, saying that more could have been done to improve the human rights situation.

  • October 19, 2026

    UK Property Market Faces AML Risks, Report Warns

    Weak anti-money-laundering safeguards in the U.K.'s new-build property market are allowing billions of pounds in potentially illicit wealth to enter the economy, an anti-corruption organization warned Monday.

  • October 19, 2026

    FCA Sues Hunter Jones Over Alleged Property 'Ponzi Scheme'

    The Financial Conduct Authority has sued property investment specialist Hunter Jones Group and its director, accusing the company of promoting a multimillion-pound property investment plan that operated as a Ponzi scheme.

  • October 19, 2026

    EU Expands Grounds For Inside Info Disclosure Delays

    The European Union's financial markets regulator has widened the circumstances in which listed companies can delay disclosing sensitive information to investors, but stressed that these exceptions must be "interpreted narrowly."

  • October 19, 2026

    FCA Plans 'Agentic' Shift To AI-Powered Supervision

    The Financial Conduct Authority said Monday that it plans to become an "agentic regulator," using artificial intelligence to automate more of its supervisory work, analyze the activities of regulated companies and intervene more quickly when it identifies potential problems.

  • October 16, 2026

    Investor Says Analyst Ignored Warnings As Stocks Fell

    A private investor has sued a financial analyst for allegedly failing to close stock trades as prices fell, claiming the inaction contributed to up to £14.7 million ($19.6 million) in avoidable losses under a deal the pair scribbled on a Post-it note.

  • October 16, 2026

    Receivers Lose Costs Bid In £5B Bitcoin Litigation

    Receivers seeking the proceeds from a Chinese investment fraud will not recover their legal costs after a dispute over which law governs claims to billions of pounds in cryptocurrency seized by British police, a London judge ruled Friday.

  • October 16, 2026

    RBS Denies Responsibility In £73M Rockfire Solar Bond Row

    The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to be misappropriated for the company's director.

Expert Analysis

  • Appeals Court Offers Framework For Loan Interest Disputes

    Author Photo

    The Court of Appeal's recent decision in Houssein v. London Credit Ltd. offers guidance for borrowers and lenders on determining what is required to stop contractual interest from accruing on a secured loan and whether a default interest provision amounts to an unenforceable penalty, say lawyers at Reed Smith.

  • Designing Management Incentives For An Uncertain PE Exit

    Author Photo

    With management teams increasingly asked to stay invested for longer periods as private equity holding periods extend and routes to exit become less predictable, management incentive plans require sufficient flexibility to remain effective, say lawyers at Morgan Lewis.

  • Tesla Win Establishes UK Courts May Set Patent Pool Rates

    Author Photo

    The recent U.K. Supreme Court decision in Tesla v. InterDigital & Avanci determined that English and Welsh courts can resolve license rate-setting disputes for standard essential patents, with a U.K. FRAND determination serving as leverage in negotiating high-value licenses for standardized technologies, say lawyers at Quinn Emanuel.

  • How Public Filing Pilot Is Influencing Litigation Strategy

    Author Photo

    The ongoing pilot program that makes it easier for third parties like journalists or academics to obtain court documents used in certain public hearings is reshaping how litigation teams draft skeleton arguments, settle expert evidence, and identify and restrict sensitive material, say lawyers at Greenberg Traurig.

  • Series

    Practice Leader Insights From Birketts' Jessica Caws

    Author Photo

    Jessica Caws, co-head of financial services at Birketts, discusses creating a collaborative environment for her junior colleagues, the excitement of working on a matter at the forefront of regulatory change, and why as a lawyer it is important to develop the ability to critically analyze information early on.

  • AI Voice Cloning Exposes Gaps In UK Personality Rights Law

    Author Photo

    The advent of artificial intelligence voice cloning has turned concerns over the absence of dedicated personality rights into a practical policy issue, and the U.K. government's planned consultation on digital replicas offers an opportunity to develop targeted intellectual property and fraud protections without undermining innovation, say lawyers at Foot Anstey.

  • Series

    Practice Leader Insights From RPC's Simon Hart

    Author Photo

    Simon Hart, head of RPC's financial services sector, discusses the importance of leading with clear goals and a shared purpose, the challenge of keeping clients focused under sustained pressure, and why junior lawyers should resist the trend to become too specialized early on.

  • Financial Firm Ruling Narrows Push Fraud Recovery Route

    Author Photo

    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push payment fraud, clarifying that these claims will only succeed in limited circumstances where a provider is demonstrably put on inquiry for misappropriation, say lawyers at Irwin Mitchell.

  • FCA Nonfinancial Misconduct Rules Demand Shift For Firms

    Author Photo

    Under the Financial Conduct Authority's new nonfinancial misconduct framework, conduct like serious bullying, harassment and violence is now capable of generating regulatory consequences extending well beyond the workplace, and four questions are likely to occupy compliance teams over the coming months, says Chloe-Jane Belton at Howard Kennedy.

  • Series

    Practice Leader Insights From Reed Smith's Panos Katsambas

    Author Photo

    Panos Katsambas, global co-lead of Reed Smith's financial industry group, discusses how dealing with adversity in world events enabled him to handle volatility in his practice, how private credit and fund finance are now dominating the financial industry, and why it is important to remember that the legal industry is a service industry.

  • Why Bear Hugs Are Making A Comeback In UK M&A Deals

    Author Photo

    With "bear hugs" recently reemerging as an attractive negotiation tool for bidders in mergers and acquisitions, both target boards and potential acquirers should note the effect of the City Code on Takeovers and Mergers' timing and drafting limits, says Ben Land-Maycock at Covington.

  • What FCA Code Reforms May Mean For Solo-Regulated Firms

    Author Photo

    The Financial Conduct Authority’s recent proposals to create a more consistent and streamlined remuneration framework for solo-regulated firms will allow firms to design more flexible policies, but mean greater scrutiny of the firms’ decision-making, governance and recordkeeping, say lawyers at Birketts.

  • Key Points From High Court Ruling On FOS Time Bar Rule

    Author Photo

    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that fall outside the legal time limit, demonstrating courts’ willingness to look at the ombudsman's approach to its own jurisdiction, says Rachael Healey at RPC.

  • Series

    Practice Leader Insights From Morgan Lewis' Paul Denham

    Author Photo

    Paul Denham, head of Morgan Lewis' London finance practice group, discusses why working with nurturing partners helped him understand what good leadership should look like, how a Formula 1 financing transaction allowed a personal interest to cross into his day job, and the importance of being willing to adapt as markets change.

  • UK Corp. Crime Landscape Raises Global Governance Stakes

    Author Photo

    The Crime and Policing Act 2026 recently entered into force, highlighting a growing emphasis on governance and senior management oversight, the influence of compliance on commercial decision-making, and an overlap between legal and regulatory risk across jurisdictions, say lawyers at McDermott.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here