03/20/2014
Arbitrators appointed by the Spanish government are considering claims that might leave rescued lenders Bankia SA, NCG Banco and Catalunya Banc liable to pay compensation to individual investors who bought as much as 3.1 billion euros of junior debt.
03/20/2014
The UK's Prudential Regulation Authority (PRA) is consulting on proposals which would apply to general insurers under key aspects of the EU's Solvency II regulatory regime.
03/19/2014
Euro zone countries must prepare to shut their failing "zombie" banks and quickly pool the money to do it
03/19/2014
Companies deny role in the alleged conspiracy to move assets beyond the bank’s reach
03/19/2014
Bankers who sidestep a cap on their bonuses will face action from the European Union’s banking regulator
03/19/2014
The Royal Bank of Scotland is considering whether to pay out £4 billion in shares to settle a legal battle with shareholders.
03/19/2014
Baker & McKenzie is to be joined in its London financial services group by RPC’s former head of financial services and regulatory Steven Francis.
03/19/2014
France's highest court upheld a prison sentence for a one-time rogue trader convicted of carrying out one of the biggest trading frauds in history, but threw out the 4.9 billion euros ($7 billion) in civil damages he'd been ordered to pay back.
03/18/2014
The Financial Services Act 2012 introduced an obligation to review this MoU annually. The FCA and Bank committed that this review would include feedback from industry and the findings would be published.
03/18/2014
Northern Trust is enhancing its collateral management and liquidity solutions in order to help clients meet the requirements of implementing various regulations, such as the Dodd-Frank Act and European Market Infrastructure Regulation.
03/18/2014
Austrian lawyer Gabriel Lansky is hunting down one-time oligarch Rakhat Aliyev, although it is unsure whether the Kazakh millionaire is still in Malta
03/18/2014
I am totally free - for the first time in six years I am free
03/18/2014
This is an important stage victory
03/17/2014
KWMSJB to close Berlin office following strategic review
King & Wood Mallesons SJ Berwin is to shut down its Berlin operations, as two of its three partners exit to launch their own boutique.
03/17/2014
Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up.
03/17/2014
Withers ranked as a leading law firm in Chambers Global 2014
14 lawyers have also been ranked as leading foreign experts across six core practice areas, including Corporate/M&A, Dispute Resolution, Employment, International Private Client, Private Client and Tax.
03/17/2014
FCA doubles 'boiler room' raids
City regulator cracks down on fraudsters selling worthless or non-existent shares.
03/17/2014
SocGen Ex-Trader Kerviel Walks to Forget Loss as Judgment Looms
Jerome Kerviel’s quixotic quest for redemption has won him at least one convert.
03/17/2014
Portuguese firm sets up Swiss presence to target HNWI work
Cunha Barnabé said Switzerland is popular among Portuguese high-net worth individuals (HNWI) as a location for their assets.
03/17/2014
Accused hedge fund fraudster Must Face Trial, Judge Rules
He is accused of defrauding investors of US$600 million, argued that the SFO improperly reopened its case against him.