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
Legal, Regulation & Compliance
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.
08/24/2014
Germany sues Switzerland's largest private bank for £100m over lost East German assets
The German federal department responsible for chasing lost East German assets has filed a complaint in a Zurich court against Julius Baer.
08/22/2014
Julius Bär sued for missing German millions
The action claims that money deposited by an East German trading company in the former Swiss Bank Cantrade, which has been owned by Julius Bär since 2005, went missing illegally.
08/22/2014
Lloyds drafts in Brown Shipley chair to lead risk committee
He was appointed chairman of Brown Shipley in April 2012
08/22/2014
Clifford Chance builds up private equity team as associates leave
Sources say the departure of four of the firm’s private equity associates in London is symptomatic of unrest within a team following a string of high-profile partner departures in recent years.
08/22/2014
Slaughters and Wragges lead host of firms on Legal & General property sell-off
The flagship property was Coutts’ headquarters at 440 Strand
08/21/2014
Stewarts to launch tax litigation team to capitalise on boom in tax disputes
Stewarts Law will launch a tax litigation group in 10 weeks’ time to hone in on the swathe of tax-related cases hitting the courts.
08/21/2014
KPMG warns banks on ECB results
The ECB will be publishing the assessment’s results – comprising of a stress test, asset quality review (AQR) and supervisor risk assessment – in October, giving banks up to nine months to rectify capital shortfalls.
08/20/2014
Bank moves to seize control of Sean Dunne's D4 mansion
Bank of Scotland has mounted a legal bid to seize bust developer Sean Dunne's former home on Ireland's most exclusive street.
08/20/2014
Fund Manager Pay Curbs Seen Unlikely With FCA Lauding Incentives
Pay for fund managers is covered by a less restrictive set of European Union guidelines.
08/19/2014
Linklaters, Travers Smith, Weil in £184m PwC Lehman pensions settlement
Dentons, Linklaters, Travers Smith and Weil Gotshal & Manges have settled a £184m battle between the Pensions Regulator and Lehman Brothers administrators PricewaterhouseCoopers (PwC).
08/19/2014
Royal London attacks L&G over 'self-interest'
L&G quit the ABI earlier this month after it said it no longer fell within the trade body’s remit following the merger of its investment lobbying arm with the Investment Management Association in April.
08/19/2014
Securities law firm files FINRA Arbitration Claim Against Deutsche Bank Securities
The Glanmore fund invested in United Kingdom real estate and was managed by Tilney, an investment management firm owned by Deutsche Bank. Deutsche Bank recommended and sold the Glanmore fund to wealthy investors in Mexico, Central America, and South Ameri
08/19/2014
Goldman To Face Libya's Sovereign Wealth Fund In Court Over Trades
Goldman had filed a summary judgment application – a request to decide a claim without going to trial
08/19/2014
Barclays Bank Makes a Statement
Many companies rush straight to their agency with a brief to place advertising into LGBT media without taking the time to think about what factors are most effective to motivate LGBT consumer purchasing decisions.
08/18/2014
Quinn Emanuel, Stewarts and Bird & Bird gear up for RBS rights battle
The firm was the first to issue a claim against the bank, in March 2013, on behalf of investors claiming they were misled about the health of the bank when they invested.