SocGen has told the High Court that Clifford Chance LLP was negligent in its advice to the bank over a gold bullion dispute worth $483 million, saying the poor advice caused the lender's claim to be struck out as an abuse of process.
SocGen has told the High Court that Clifford Chance LLP was negligent in its advice to the bank over a gold bullion dispute worth $483 million, saying the poor advice caused the lender's claim to be struck out as an abuse of process.
A marine energy company has sued the Dubai branch of India's Axis Bank for $41.7 million, alleging that the lender misled it into participating in a loan to a shipping company secured against ships that were later sold without its knowledge.
The Financial Conduct Authority set out proposals on Thursday to simplify rules on the types of funds that investment firms must hold to cover their losses, as the watchdog seeks to support U.K. growth after Brexit.
A digital pharmacy company has accused a small business lender of knowingly working with its former CEO to funnel huge unauthorized loans into the firm, ignoring clear signs that the executive was acting dishonestly and beyond his powers.
The U.K. government unveiled plans on Thursday to tackle the growing number of small forgotten pension pots, in a move that could boost savings for workers and save the retirement industry hundreds of million of pounds.
The Pensions Regulator admitted on Thursday that it could have done better in its approval process for new superfunds, and has vowed to better support innovation in the market.
The International Stock Exchange said Thursday that its shareholders have backed an approximately £70.4 million ($94 million) takeover offer from the owner of the Bermuda Stock Exchange.
A U.K. stainless steel and alloy metal trader's pension plan has agreed a £28 million ($37.3 million) buy-in with Just Group, the financial services firm said Thursday, securing the benefits of almost 100 deferred members and about 80 retirees.
