HSBC has agreed to pay French authorities more than €300 million ($350 million) in fines and unpaid taxes to settle a criminal probe into how the bank's Paris branch handled dividend arbitrage transactions between 2014 and 2019, public prosecutors revealed Thursday.
HSBC has agreed to pay French authorities more than €300 million ($350 million) in fines and unpaid taxes to settle a criminal probe into how the bank's Paris branch handled dividend arbitrage transactions between 2014 and 2019, public prosecutors revealed Thursday.
The Serious Fraud Office said Thursday it will return £400,000 ($537,000) to people who were defrauded by a Lebanese financier more than two decades ago after using a novel legal strategy to claw back the money.
Two finance watchdogs and a government department revealed plans on Thursday to force pension plans to publish information on their investments, costs and service quality in a move to equip retirement savers with better information on performance.
A pensions trade body has warned the government that its ill-understood changes to the regulation of retirement programs could leave many employees with less money to save in their pensions, hitting U.K. investment growth.
Pension Insurance Corp. PLC said Thursday it has completed a £155 million ($208 million) bulk annuity buy-in to secure the retirement benefits for members of the pensions program of NG Bailey, a U.K. engineering consultancy.
The total volume of mergers and acquisitions announced in the insurance distribution sector in 2025 fell to its lowest level in almost a decade amid fewer potential buys for companies in the market, MarshBerry has said.
The Competition and Markets Authority’s recently launched consumer protection drive targeting banned online sales practices focuses on supporting compliance rather than on enforcement, although firms should expect this to change once businesses have had time to adapt to the regulator's new regime, say lawyers at Baker Botts.
