The Financial Conduct Authority released new rules on Wednesday that extend its regulatory powers to cover "toxic" workplace behavior such as bullying and harassment to non-banking firms.
The Financial Conduct Authority released new rules on Wednesday that extend its regulatory powers to cover "toxic" workplace behavior such as bullying and harassment to non-banking firms.
A world-first regulated market for private company shares might harm the U.K.'s objective of stimulating the market for initial public offerings in London if it offers corporate founders a new alternative to the scrutiny of flotations.
A U.K. investor accused an accounting firm of giving negligent tax planning advice and keeping him in the dark about correspondence with HM Revenue & Customs, which ultimately assessed nearly £633,000 ($863,000) in liabilities, according to a claim filed with the High Court.
Britain's highest court rejected an attempt on Wednesday by the former wife of a UBS banker to get an equal split of their £112 million ($152 million) family wealth, in a ruling that clarified how assets should be considered matrimonial.
A Singaporean oil company urged a judge Wednesday to throw out allegations that it breached U.S. sanctions on Iran made by its alleged former chief executive, whom it has accused of embezzling €143.8 million ($169.2 million).
The government should widen the age range for employees being automatically included in a work-based pension, one of a raft of proposals that would address a series of risks to the future of Britain's pensioners, the Institute for Fiscal Studies said Wednesday.
European financial services businesses must ensure any claims they make about the sustainability of their financial products or services are accurate, accessible, substantiated and up to date, according to guidance from the bloc's financial watchdog.
Euronext is in negotiations to acquire the Athens Stock Exchange SA in an all-share transaction worth €399 million ($470 million) as it aims to add another European bourse to its portfolio
Schroder BSC Social Impact Trust PLC said Wednesday that it may wind down its business soon as the ethical investment arm of Schroders PLC battles with attracting new investors and growing its assets, citing "challenging market conditions over recent years."
The recent Court of Appeal judgment in Saxon Woods v. Costa departs from the High Court's ruling, clarifying that a director's sincere belief they have acted in the company’s best interests is not sufficient to satisfy the statutory requirement to act in good faith, say lawyers at Covington.
