A businessman is suing Barclays for £8.6 million ($10.7 million), alleging that it undervalued his property and that the sale by the bank of his Manchester building at substantially less than it was worth caused a "domino effect" on his finances.
A businessman is suing Barclays for £8.6 million ($10.7 million), alleging that it undervalued his property and that the sale by the bank of his Manchester building at substantially less than it was worth caused a "domino effect" on his finances.
A former manager with Kennedys Law LLP has been fined £27,500 ($34,000) for carrying out inadequate client due diligence surrounding a property development fraud that saw directors pocket over £6.5 million of their investors' money.
Scammers creating fake websites to entice customers to purchase items in last January's online sales caused a 40% spike in credit card transaction disputes that month compared to the normal monthly average, Lloyds Bank said Monday.
An English firm of solicitors has denied a claim that it cost a lender £1.9 million ($2.4 million) by failing to spot that the borrower of a property loan was allegedly a fraudster, telling a London court that it was not obliged to verify his identity.
The European Union said that a first-ever agreement with Japan designed to improve regulation in banking and other financial services and to combat money laundering has come into force.
The Coventry Building Society confirmed on Thursday that it has now bought The Co-operative Bank, adding that both U.K. lenders will keep their own banking licenses for the time being.
Mayer Brown LLP announced on Thursday that it had hired a senior structured-finance lawyer from White & Case LLP in London to add to its strengths representing clients in the private capital market.
