Financial Services UK Archive » October, 2023

Financial Services UK - October, 2023

254 articles

• Deutsche Bank Can't Nix Malicious Prosecution Suit
• Citadel Securities Says Ex-Reps Can't Shed Trade Secrets Suit
• Pension Insurance Corp. Calls For Savings Rebrand
• UK's Crypto Market Rules Need Fleshing Out, Lawyers Say
• Privinvest Exec Says Emails Show Frustration, Not Corruption
• Monzo Has Low Payback Rate For Fraud Victims, Report Says
• Asset Manager Odey To Shut After Sexual Assault Allegations
• Finance Adviser Forged Docs To Dupe Lenders, FCA Tells Court
• Ex-FCA Compliance Pro Joins Tech Biz As Director
• Putin Ruling May Have Unintended Sanctions Consequences
• Navigating The New Framework On Nature-Related Reporting
• Crypto Consultant Wins Bid To Amend Stolen NFT Case
• FCA Strengthens BNPL Contract Terms Amid Consumer Surge
• UK Tribunal Tosses Payday Lender's £2.2M VAT Refund Case
• Sales Rep Rips Mozambique Fixer As A 'Liar And Charlatan'
• Iran Bank Unit Tries To Recover €7.45M Shut In Account
• UK Audit Watchdog Issues Advice On Material Reporting
• Credit Union CEO Was Unfairly Fired After 'Scattergun' Probe
• FCA Engagement Signals New Direction In ESG Disclosures
• Wife Of Imprisoned Banker Can't Pause House Seizure Case
• EU, Japan Reach Deal On Cross-Border Financial Data Flow
• HSBC Rewards Shareholders With $3B As Profits Soar
• Dechert-Led Abrdn Buys £2.6B Health Care Funds From Rival
• 2nd Circ. Declines To Revisit Standard Chartered FCA Suit
• SocGen Must Fight €140M Clifford Chance Case In London
• Director Not Jointly Liable For Collapsed Fund's Costs
• UK Litigation Roundup: Here's What You Missed In London
• 7 Key Provisions In UK's Sweeping New Economic Crime Act
• New Policies Will Aid UK Cos. Accessing US Capital Markets
• Imprisoned Oligarch Loses Bid For Injunctions In £14B Claim
• UK Businesses See 16% Rise In Complaints
• Thousands Tapping Pensions Line Over Lost Savings
• NatWest Admits 'Serious Failings' Over Farage Account
• NCA Fights To Seize House Of Imprisoned Banker's Wife
• Credit Suisse Says Margin Call In $99M Dispute Was Valid
• Ex-Motorcycle Boss Gets Lifetime Pension Trustee Ban
• Pension Deals Market Could Hit £30B In Second Half Of 2023
• IP Forecast: Bank's Buyers To Face Off In $1B Secrets Fight
• Search Methods Shouldn't Curb EU Evidence Orders, ECJ Told
• Law Group Calls For Clarity On Financial Reforms After Brexit
• UK Passes Anti-Fraud Law To Boost Economic Crime Fight
• Extra Votes For Shares Is Risky, EU Asset Manager Group Says
• Sanctioned Russian Loses Challenge Over Mansion Upkeep
• Russian Biz Says Banks Might Not Pay In €212M Bond Suit
• BofA Exec's Trial Delayed After Admission To Hospital
• 5 Questions For Ontier Partner Amy Harvey
• Key Takeaways From ICO Report On Workforce Monitoring
• Investment Fund Demands £20M From Saudi Prince
• MPs Quiz Compensation Fund On Potential Pensions Boost
• Lords Clear Way For Fraud Bill To Pass With SME Exemption
• Hedge Fund Boss Convicted Of Rigging Forex At NY Trial
• Venice Says €125M Dexia, Banca Intensa Swaps Are Void
• Tycoon Denies Directing Bribes In 'Tuna Bond' Scandal
• Crypto-Marketing Cos. Must Improve Risk Warnings, FCA Says
• Aon Joins Gov't Pension Compact For Startup Investment
• Accounting Firm Disregarded Tax Associate's Depression
• UK Pension Funds Too Cautious On Investments, Hunt Says
• Creating A Safe Workplace Goes Beyond DEI Compliance
• Income Taxes Due On Share Payout, Top UK Court Rules
• Jury Hears Alleged Forex Rigging Just A 'Smart Money' Play
• Payment Scams Rise Despite Decline In Fraud Proceeds
• A&O, BNY Mellon Negligence Led To £75M Tax Bill, Claim Says
• Hospitality Businesses Demand COVID Payouts At Trial
• UK To Scrap Cap On Bankers' Bonuses To Boost Sector
• VC Firms Pledge To Boost Pension Fund Investment
• Mozambique Official Offers Few Clues To $3B Bribery Scandal
• Pension Bosses See Volatility As Barrier To Insurance Deals
• FCA Rules Against Wider SME Access To Disputes Body
• Dexia, Banca Intensa Fight To Revive €125M Venice Swaps
• Bitcoin 'Inventor' To Face New Forgery And Fraud Allegations
• FCA Publishes Report On Improving Authorizations
• Creditors Fight 'Unfair' Restructuring Plan For Adler Group
• Brown Rudnick Hires Mishcon de Reya Banking Disputes Head
• UniCredit To Buy Alpha Bank Romania For €300M
• Super-Rich Should Pay Minimum Global Tax, EU Adviser Says
• Creditors Get Vote On £230M Woodford Redress Deal
• Stephenson Harwood Hires Walker Morris Competition Head
• Asset Managers Should Prepare For Nature-Related Reporting
• Vinson & Elkins Snaps Up Energy Lawyer From Milbank
• Sellers Owe Tax On £1.1M Of Proceeds, Upper Tribunal Says
• UK Financial Industry Complaints On The Rise
• Lloyd's Employee Fights For Compensation For Unfair Firing
• Linklaters Guides Sale Of Telegraph, Spectator News Groups
• UK Litigation Roundup: Here's What You Missed In London
• Gateley Hires Clifford Chance Duo To Head Arbitration Team
• London Law Firm Fined Over AML Failures
• Therium Freezes Ex-Client's £27M Property Settlement
• What Justices' Cert. Denial Of Terrorism Suit Means For Banks
• VC Firms Must Work On Gender, Ethnicity, UK Gov't Says
• Firms Should Prepare For New DEI Reporting Requirements
• What The UK Digital Markets Bill Will Mean For Businesses
• Financial Adviser Accuses Ex-Exec Of Client Data Theft
• Lloyds Discriminated Against Pregnant Worker, Judge Rules
• Trade Body Publishes Its Gov't Pension Policy Wishlist
• Lebanese Bank Loses Another Round Over Money Transfer
• FCA Urges Firms To Do More To Catch Money Mules
• EU Data Watchdogs Want Tighter Regulation Of Digital Euro
• Privinvest Targets Mozambique Prez In $3B Bribery Defense
• Norwegian Lender DNB To Buy Back Up To $297M Of Shares
• Gender Imbalance Still Rife In Actuarial Sector, FRC Says
• SRA Plans Fixed Fines For Poor Money-Laundering Controls
• Lords Test Gov't Small Biz Exemption In Economic Crime Bill
• Money Launderers Can't Overturn £13.7M Scam Convictions
• HMRC Tells Court Euromoney Deal Was Tax Avoidance
• UK Pension Plans Told To Act Ahead Of Dashboard Launch
• UK Audit Watchdog Plans New Noncompliance Rules
• Credit Suisse Eyes Exit From Bribery Claims At Trial
• Pension Lifeboat Reform Plan Raises New Risks, MPs Told
• EU Watchdog Presses For Faster Crypto-Asset Compliance
• Paul Weiss Adds Ex-Kirkland Debt Finance Pro In London
• Global Bank Regulator Floats Crypto Disclosure Rules
• Global Cyberattack Could Cost $3.5 Trillion, Lloyd's Says
• 5 Takeaways From ICO's Biometric Recognition Guidance
• Susman Godfrey, Hausfeld Split $22M Fee In Libor Case
• Oligarch Fights Sanctions Ban On House Upkeep Payments
• 'Seismic Shift' In Pension Plans Turning To Insurers, LCP Says
• Accountants Say Tax Whistleblower Award Result Of 'Bias'
• Timeshare Exec's Reassurance Meant Little, Investor Says
• Gov't Seeks Views On Post-Brexit Regulatory Reforms
• FCA And PRA Are Failing On NDAs In Sexual Cases, MPs Told
• HMRC Warns Self-Employed Of Scams Ahead Of Tax Deadline
• Fraud Concerns Were Legitimate To Report, Payment Co. Says
• EU Adds 3, Drops 3 From Tax Haven List
• Mozambique Demands $3B From Privinvest As UK Trial Starts
• Deep Listings Reforms Needed To Boost Market, FCA Says
• UK's Amigo Sets Takeover Deal To Generate Shareholder Cash
• Shifting From Technical To Clear Insurance Contract Wordings
• Clifford Chance Finance Pro To Rejoin Freshfields In Germany
• Pension Lifeboat Boss Departs For Gov't Advice Body
• Freshfields Hires CMA Senior Director For Mergers
• Deutsche Bank Loses Bid To Start Debtor's Prison Sentence
• Citi Analyst Axed For Lying About Lunch Expense Loses Case
• Gov't Pulls Plug On Nonfinancial Reporting Reforms
• Investor Agrees To Buy Abrdn's Euro PE Biz For Up To £100M
• Credit Suisse Says Mozambique Breached Bribery Settlement
• Stewarts Launches COVID Insurance Claims Service
• Pension Fund, Others Invest £500M In Specialist Property Co.
• SRA To Launch Crackdown On Money Laundering Violations
• Private Investors In Investment Companies Shun AGMs
• UK Gov't 'Exploring Options' After Putin Sanctions Ruling
• Broker In Administration After 'Serious' Regulator Concerns
• Numis Delists in London After Deutsche Bank Takeover
• ATM Operator Settles With Mastercard, Ending Antitrust Suit
• A Case For The Green Investment Regime Under The ECT
• Considerations For Fund Managers Seeking Retail Investment
• UK Authorities Seize £179M From Criminal Suspects
• Lawyers Warn Of Defective ESG Rules For Funds
• US-UK Law Firm Mergers May Make For Thorny Love Affairs
• Integer Wealth Chair Harassed Director, Tribunal Finds
• Ex-Cleary Facilities Manager Gets 6 Years For Invoice Scam
• Linklaters Rehires Addleshaw's Competition Head
• Key Issues To Watch In Mozambique's 'Tuna Bond' Trial
• UK Litigation Roundup: Here's What You Missed In London
• Bank Of Africa Fails To Get Whistleblower's Win Overturned
• FDI Considerations For UK Venture Capital Transactions
• Allen & Overy, Shearman Partners Sign Off On Merger
• How Employers Can Support Neurodiversity In The Workplace
• Equifax Fined £11M By FCA Over Historic Cyber Breach
• What The Anti-Coercion Instrument Will Bring To The EU
• Cayman Partnerships On Hook For $39M Tax Bill
• FCA's Fine Of Ex-Barclays CEO Sends Warning To Industry
• Ex-Starling Bank Lawyer Fired For Asthma Wins £1.1M
• BoE Warns AI Biases May Pose Risk To Financial Stability
• Bitcoin 'Inventor' May Face New Allegations Of Forgery, Fraud
• US PE Firm Cuts Acceptance Level For £175M Bid For Blancco
• UK Paper Pays 'Substantial' Libel Damages To Ex-Libyan PM
• FSB Warns Of Lack Of Data For Sustainability Reporting
• Malaysia Rejects Goldman's Arbitration Claim Over 1MDB Deal
• PE Firm Settles With Another Exec Of Construction Company
• US Rail Operator Must Pay Virgin $115M For Dropping Brand
• Ex-Barclays Trader Gets Another Chance At Euribor Appeal
• Why FCA Crypto Rules Need To Align With UK Gov't Aims
• Gov't Taps Veteran KC To Lead Disclosure, Fraud Reviews
• KPMG Fined £21M Over 'Exceptional' Carillion Audit Failures
• Ex-Barclays CEO Jes Staley Fined, Banned Over Epstein Ties
• Ex-F1 Chief Ecclestone Avoids Prison For Hiding £400M Trust
• E-Money Biz Fights Property Investment 'Ponzi Scheme' Suit
• Man Accused Of Timeshare Scam Claims He Was Smeared
• Ex-Binance Partner To Fight FCA's Crypto Role Restriction
• Deutsche Bank Blocks Gazprom JV's €238M Russian Claim
• Supreme Court Rejects VAT Exemption For Loan Firm
• SFO Launches Criminal Investigation Into Funeral Company
• FCA Spares LC&F Fine For Minibond Scandal Amid Insolvency
• BCLP Names 4 New Leaders Amid Governance Restructure
• Three British Steel Advice Firms Insolvent, FSCS Says
• Jailed Russian Fights To Freeze Assets In Test For $14B Claim
• BitMEX Founder Loses Appeal Over ICO Challenge
• Gambling Co. Wins Ground In €265M Takeover Loan Battle
• ESG Popularity Dips Amid Greenwashing Fears, Investors Say
• Trial Over £27M 'Monster Credits' Timeshare Scam Kicks Off
• Key Libel Cases To Watch In The New Court Term
• FSB Plans Better Bank Stabilization After Credit Suisse Failure
• Chess-Playing Ex-Tax Agent Gets 10 Years' Prison Sentence
• Patisserie Valerie Suspects In Court For SFO Fraud Case
• Banks Face Fraud Trial Over Business Loans Interest Rates
• FCA Gets Tough On Unauthorized Crypto Ads With New Rules
• FCA Backs Low Emissions Transition Plan
• Sanctions Ruling's Take On Putin May Broaden Regime
• EU Watchdog Wants More Crypto Insider-Dealing Rules
• Linklaters Guides Metro Bank On £925M Rescue Package
• Medical Tech Biz Can't Convert Shares Without Consent
• Payment Biz Beats Quitting Claim Over 'Blackface' At Party
• EU Set To Roll Out New Consumer Credit Rules
• CMA Report On AI May Lead to Greater Competition Control
• UK Mozambique Ruling Will Have Int'l Ramifications
• Full 2nd Circ. Asked To Rehear Standard Chartered FCA Suit
• EU Regulator Mulls Shortening Stock Settlement Times
• UK Litigation Roundup: Here's What You Missed In London
• PRA Warns Credit Unions To Deal With New Liquidity Risk
• Fraudster Forfeits £3.75M Award To Pay Scam Victims, HMRC
• Solar Panel Biz To Sell Scandinavian Units For $64M
• ING Says Tecnimont Liable In Russian Biz's €212M Bond Suit
• Recent Trends In European ESG-Related Shareholder Activism
• Sanctions Can't Stop Russian Banks' $850M Fraud Case
• 'Medieval' Probe Led To EDF Trader's Firing Over £400M Leak
• Supreme Court Unlocks New PPI Claims For Some But Not All
• Ex-BofA Greek Worker Can't Bring 40-Year-Old UK Claim
• Standard Chartered Seeks To Toss Iran Sanctions Allegations
• Economic Troubles Hit Company Reporting, Watchdog Claims
• Tax Fraud Duo's £2.1M Mansion Sold By HMRC
• Mozambique Trims Privinvest Case Ahead Of Tuna Bond Trial
• Brown Rudnick Adds Litigation Pro From Armstrong Teasdale
• Troubled Metro Bank's Capital-Raising Plan Sounds Alarms
• PRA Warns Banks To Rectify Failings In Fixed-Income Lending
• Covington Hires New Financial Services Lead From Latham
• Audit Regulator Review Has Tips On Climate Metric Reporting
• UK Appoints Investment Specialist As Business Bank Chair
• DWF Hires 4 New Partners In London
• Bitcoin 'Creator' Loses Bid To Block Evidence In £4.5B Claim
• Insurers Want £2M Cap On Failed Property Investments
• Russia Tries To Stymie $60B Yukos Claim With State Immunity
• Turkish Pol's Wife Says Ex-Banker Embezzled Her Fortune
• FCA Calls For More Data Focus Under Consumer Duty
• FCA Wraps Up 30 Probes Into British Steel Pension Advisers
• What Russia Case Reveals About UK Sanctions Enforcement
• RBS Customers Win Bid To Extend Cutoff Date For PPI Claims
• Bitcoin 'Creator' Tries To Block Evidence In £4.5B Claim
• Atty's £40M From Formula 1 Family Ruled As Taxable Income
• FCA Bans Pensions Adviser After £8.4M British Steel Fiasco
• Diamond Magnate Loses Bid To Toss Multimillion-Dollar Fraud Suit
• Government Clarifies Bank Account Closure Rules 
• Financial Adviser Sues Pharma Biz Over Merger Fees
• Improve Treatment Of Terminally Ill Customers, Insurers Told
• Bitcoin 'Inventor' Must Hand Over Extra Evidence, Court Rules
• Gov't Seeks To Cull 'Unnecessary' Regs It Says Hamper Growth
• High Court Denies Review of Veterans' Banking Terrorism Suit
• ICO Warns Most Workers Oppose Monitoring By Employers
• CBD Investor's Suit Over Alleged Escrow Misuse Is Kept Alive
• Ex-Gowling Lawyer's Conduct Labeled Misogynistic
• Law Firm Fined £45K Over Botched Bank Misselling Claims
• Struggling London Fintech To Buy Redwood Bank For £50M
• Mozambique's UBS Settlement Delays $2B Tuna Bonds Trial
• Gov't Floats Fixes To Cut Pensions Levy Deficit
• FCA Fines Investment Broker £6.4M For Failing AML Controls