Plans by the government to merge several fraud enforcement agencies give little detail about how the largest policing overhaul in 200 years will operate in practice, although lawyers say the Serious Fraud Office appears to be safe — for now.
Plans by the government to merge several fraud enforcement agencies give little detail about how the largest policing overhaul in 200 years will operate in practice, although lawyers say the Serious Fraud Office appears to be safe — for now.
A broadcasting equipment company has denied that it is liable to Lloyds Bank PLC and Bank of Scotland PLC if the lenders are found to have wrongly processed payments linked to an alleged £1.3 billion ($1.8 billion) fraud.
The Financial Conduct Authority said Monday that a new open banking mechanism will go live in March to enable more consumers to make regular payments more flexibly than by direct debit, coinciding with plans for a next-generation retail payments plan.
HSBC has failed to convince an employment tribunal to nix an outsourced psychologist's pregnancy discrimination claims based on the fact that she submitted her complaint nearly two and a half months later, as she still had a shot of defending the delay at trial.
The Solicitors Disciplinary Tribunal ruled Monday that a Carter-Ruck partner can in principle recover costs from the industry regulator after she was cleared of disciplinary charges linked to the OneCoin cryptocurrency scam, but said that the High Court should decide how much.
A payments technology company has denied owing a finance consultant €17 million ($20.1 million) for halting a project aimed at providing a payroll financing product, claiming the roadblock was largely the result of the consultant's own difficulties in raising funds.
Private equity firm Helios said it plans to pull CAB Payments from the London market in a $292 million deal after the U.K. cross-border payments business endured a rocky spell on the stock exchange.
British pensions company Chesnara PLC said Monday that it has completed the acquisition for approximately £260 million ($355 million) of the specialist life protection and investment bond provider of banking giant HSBC, boosting its assets to approximately £18 billion.
