03/30/2015
Complaints on banking and credit cards up as total complaints fall by 7%
The total redress paid increased by 4% to £2.44bn in in the second half of 2014
Legal, Regulation & Compliance
03/29/2015
Breakthrough in RBS shareholder trial as judge orders bank to produce Fred's private mails
Royal Bank of Scotland has been given less than three weeks to hand over emails and other correspondence sent by former chief executive Fred Goodwin and former head of investment banking, Johnny Cameron, in the prelude to its October 2008 collapse.
03/29/2015
Blue-chip bankers lose £210m in hedge fund that collapsed after investing in derelict land in Scotland
The extent to which major investors had backed Isle of Man-registered Aarkad Plc, who channelled money into Heather, are laid bare in documents seen by the Sunday Mail.
03/29/2015
Central bank warns ABN Amro on corruption risks
The Dutch central bank has been highly critical of the way ABN Amro tackles the risk of corruption in Russia
03/29/2015
Ashurst and Slaughters advise on RBS sale of Coutts International
Ashurst and Slaughter and May have won lead roles advising on the Royal Bank of Scotland's sale of its overseas private banking and wealth management business to Union Bancaire Privée
03/29/2015
Carney piles pressure on banks with tough new stress tests
The Bank of England will unveil tough new stress tests tomorrow that may force big banks to spend billions bolstering capital reserves
03/27/2015
Fred Goodwin told to hand over private emails in Royal Bank of Scotland lawsuit
Judge approves request from thousands of shareholders suing bank over 2008 rights issue to have personal emails disclosed
03/27/2015
Deflation Makes Euro Bond Slide an Opportunity for Standard Life
European Central Bank President Mario Draghi faces a tall order in his mission to boost inflation to close to 2 percent
03/27/2015
Spain Urges EU to Remove Barriers to Banking Takeovers
Spain, home of the euro area’s largest bank, is pushing the European Union to remove obstacles to cross-border mergers of retail lenders
03/27/2015
ABN Amro Initial Offering Is Delayed Amid Pay, Probe Queries
The cabinet had planned to decide on how to proceed with the sale in the first quarter.
03/27/2015
Insider trader jailed for 10 months
He admitted dealing on the basis of inside information he obtained during the course of his employment relating to the takeover of Logica PLC by CGI Group
03/26/2015
OC, Mishcon, DLA Piper and CC major winners at 2015 Legal Business Awards
Osborne Clarke (OC), Mishcon de Reya and Clifford Chance (CC) were among the major winners at the 2015 Legal Business Awards
03/26/2015
Standard Life chief: EU exit would be 'disastrous' for UK
The chairman of Standard Life has said that an exit from the European Union would be 'disastrous for London and the UK'
03/26/2015
FCA tightens UK pensions reforms
The Financial Conduct Authority said it would proceed with several “remedies to support consumer choice” in the pensions market
03/26/2015
Porsche Wins Dismissal of Hedge-Fund Appeals Case, Court Says
Porsche Automobil Holding SE scored a victory in the first appeals case in a battle against investors seeking a total of 5 billion euros
03/25/2015
Top British fund executives face pay restraint as regulators circle
Some of Britain's top money managers are showing signs of pay restraint amid rising concern the industry's bank-style rewards could be a threat to financial stability.
03/25/2015
Italian voluntary disclosure – Issues likely to be faced by trustees with Italian resident settlors/beneficiaries and/or Italian assets
As previously reported, Italy has launched a voluntary disclosure programme along the lines of those already in existence in the UK and the US. The new disclosure facility will come to an end on 30 September 2015.
03/25/2015
Law Commission charity law consultation - Withers
The Law Commission has published a consultation paper on specific legal matters relating to charities
03/25/2015
New Clients – Old Reasons In Guernsey
Appleby's Gavin Ferguson examines how Guernsey has evolved to provide clients from all over the globe with innovative advice
03/25/2015
How Malta is Fast Developing as a European Securitisation Centre
Securitisation is often associated with the financial crash of 2008 which was in part caused by the over rating of pools of mortgages within Collateralised Debt Obligations (CDOs) which started a chain reaction of events exposing weaknesses in an already