Investment companies Edinburgh Worldwide Investment Trust PLC and Baillie Gifford US Growth Trust PLC said Tuesday that activist shareholder Saba Capital Management LP has shut down their proposed merger.
Investment companies Edinburgh Worldwide Investment Trust PLC and Baillie Gifford US Growth Trust PLC said Tuesday that activist shareholder Saba Capital Management LP has shut down their proposed merger.
The Financial Conduct Authority said Tuesday it has censured the Institute of Certified Bookkeepers for serious deficiencies in its anti-money-laundering supervision, its first enforcement action against a professional body supervisor.
The Bank of England cut the highest-quality capital requirements for lenders on Tuesday in a move to free up the sector to lend money more easily to consumers and businesses.
The Financial Conduct Authority has recently warned that banks must do more to stop romance scams in which victims send money to fraudsters who have created false relationships with them — but it's easier said than done.
A Nigerian bank has settled its $111 million claim against an engineering business and a guarantor bank, agreeing to a stay in its case that they had refused to pay back a loan it had issued to acquire oil assets.
The U.K. Office for Budget Responsibility warned senior HM Treasury officials about the risks of leaks of the autumn budget before the document was accidentally revealed early, the watchdog's officials told a parliamentary committee Tuesday.
Authorities have seized more than €25 million ($28 million) in cryptocurrency after dismantling a crypto-mixing service suspected of being used to help criminals launder stolen money, the European Union's law enforcement agency has said.
Banco Santander SA announced Tuesday it sold 3.5% of equity in its Polish subsidiary, Santander Bank Polska, through an accelerated placement that raised roughly PLN 1.72 billion, or about $472 million.
Insurer Royal London said Tuesday that it has covered £55 million ($73 million) of pension liabilities for a shipping insurance company, in a deal guided by Hogan Lovells and Wedlake Bell.
TPT named the four firms that will advise its new defined benefit superfund on Tuesday, as the pension plan operator moves toward regulatory assessment.
The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.
