08/31/2014
UK will urge EU to block Russia from SWIFT banking network
Blocking Russia from the SWIFT system would be a very serious escalation in sanctions against Russia
Legal, Regulation & Compliance
08/29/2014
German DZ Bank well equipped for capital demands -CEO
The ratio will rise to 12.0 percent upon completion of a capital increase in the third quarter, it said in a statement.
08/29/2014
FCA bans and fines adviser £350k for Ucis failings
The Financial Conduct Authority has fined Craig Cameron £350,000 and banned him from any involvement in FCA authorised firms, after it found that he lacked honesty and integrity in relation to the promotion of three unregulated collective investment
08/29/2014
Mishcon appoints head of international development
Each lead partner will be in charge of a small team tasked with developing business plans for their region.
08/28/2014
One of world's largest law firms to open Belfast office
The new positions will offer an average salary of £31,000.
08/28/2014
Law firm begins claims against Brandeaux advisers
A law firm representing 20 former investors in the Brandeaux range of student accommodation funds said it is now in a position to “initiate claims against advisers”.
08/28/2014
Germany's NordLB well prepared for bank health checks
German state-backed lender NordLB said it was confident of its position in upcoming health checks of Europe's banking sector, despite a troubled market in its specialty business of ship financing.
08/28/2014
Dutch boutique picks up Freshfields' former Amsterdam head
The aim of Rutgers & Posch to offer top quality service in a personal setting combined with fair and transparent rates aligns perfectly with my own ideas on practicing law in this market.
08/28/2014
Creating a Family Foundation for Charitable Giving by Samantha Pritchard, Bond Dickinson
With the future funding capability of the Northern Rock Foundation still uncertain, charities in the North East may face the loss of a valuable, significant North East focussed donor.
08/28/2014
Deutsche Bank fined £4.7m for failing to properly report transactions
The failure, which affected all Deutsche’s Equity Swap CFD transaction reports in this period, breaches FCA rules on transaction reporting.
08/27/2014
Three directors of Ucis advice firm disqualified
By failing to preserve the company’s accounting records the directors also showed a fundamental disregard for their duties as directors of a limited company
08/27/2014
RBS to be fined £15m for giving poor sales advice to mortgage customers
Latest penalty takes bank's fines for the year to around £265m
08/27/2014
Alternative Investment Fund Managers Directive Implemented into Belgian Law
The Directive does not introduce rules and regulations on a harmonized level for AIFs.
08/27/2014
RBS and NatWest fined £15 million for mortgage advice failures
The issues with the sales process included affordability assessments failing to consider the full extent of a customer’s budget when making a recommendation, failing to advise customers who were looking to consolidate debt properly and not advising
08/27/2014
Paul Hastings and Weil Gotshal & Manges lead on German bank acquisition
US firms Paul Hastings and Weil, Gotshal & Manges have won lead roles on the OCEAN Holding acquisition of German mortgage bank Düsseldorfer Hypothekenbank, from the US investor Lone Star, in what is the largest German bank takeover since the econ
08/27/2014
IMF chief Christine Lagarde under investigation by French court
Lagarde, who was finance minister at the time, referred the case to a three-person arbitration committee
08/26/2014
FCA review of the use of in-house funds among wealth managers is gaining momentum
The Financial Conduct Authority's review of the use of in-house funds among wealth managers is gaining momentum, as audit trails come under the microscope.
08/25/2014
Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal
German lender tells ICBC banker it is suing over unapproved transfer to a relative's company that it will forgo the interest in the US$6.3m lawsuit
08/24/2014
Magic Circle duo advise on LSE’s £938m rights issue as part of £1.6bn Frank Russell acquisition
The issue will be priced at £12.95 a share, with a total issuance of around 74.3m ordinary shares or approximately 27.3% of LSEG’s existing issued share capital.
08/24/2014
HSBC Faces $250m US Lawsuit for 'Ignoring Signs of Fraud of Late David Elias'
Britain's HSBC bank is facing a lawsuit over allegedly ignoring warnings that late entrepreneur David Elias was committing fraud through an investment vehicle.