08/05/2013
Bank faxed customer details to wrong people for years
Private details of dozens of Bank of Scotland customers, including bank statements and passport copies, were repeatedly faxed to wrong numbers for four years
Legal, Regulation & Compliance
08/04/2013
Legal costs mount for Europe's banks
Many of Europe's top banks have more than tripled their provisions for litigation and regulatory expenses over the past year
08/03/2013
Fraud bosses 'should return £1million pay-offs'
Three civil servants who left the Serious Fraud Office with ‘golden goodbyes’ worth £1million have been urged to hand money back to taxpayers.
08/03/2013
LME and Goldman face suit over metals 'monopolism'
The lawsuit alleges "anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices
08/02/2013
Bank of England gives lenders six years to plug £121bn black hole
The PRA also claimed that an unknown number of investment banks face a shortfall of up to £29bn. These include US giants Goldman Sachs and JP Morgan, which both have large operations in the UK.
08/01/2013
Killik hit with £544,000 FSCS bill
Killik described the bill as a ‘large payment’ and said its size came down to the portion of costs it had to pay in order to compensate clients for the failure of other financial institutions.
08/01/2013
S&P casts doubt on 2016 Solvency II implementation
An examination of the European Insurance and Occupational Pensions Authority’s assessment of the future of Solvency II by Standard & Poor’s has led to claims that “numerous hurdles remain” ahead of a planned 2016 implementation
07/31/2013
DWF Leeds advises Mattioli Woods on £6m acquisition
The deal is valued at up to £5.99 million and is to be satisfied partly in cash
07/30/2013
Four arrests made in FCA's insider dealing investigation Four arrests made in FCA's insider dealing investigation
The FCA with the assistance of the Metropolitan Police has this morning executed search warrants in West London.
07/30/2013
JP Morgan under investigation in Monte Paschi probe
Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees
07/30/2013
SJ Berwin partners vote through $1bn merger with KWM
The combination will produce one of the top 25 law firms in the world by revenue, with 553 partners, 2,233 lawyers and 30 offices. Total turnover will be more than $1bn.
07/30/2013
Billionaire Saudi prince loses UK court battle over Gaddafi jet
The High Court ruling is an embarrassment for Prince Alwaleed bin Talal
07/29/2013
Barclays fights financial authority findings on Qatar deal
The preliminary findings of a British regulatory probe into its commercial agreements with Qatari investors
07/29/2013
Capital Alternatives taken to court over investment schemes
he court action we have taken focuses on two investment schemes
07/28/2013
FCA in talks to pay planned £850k Arch fines to investors
FCA is looking to return any money it makes from fining the directors of Arch Financial Products back to investors.
07/27/2013
UK Serious Fraud Office to get £2M for Barclays probe
More specifically, investigators are looking into £66M in fees supposedly paid to Qatar and allegations the bank loaned Qatar the money it invested in Barclays.
07/26/2013
Court tells Grant Thornton to release Tchenguiz reports
Accountancy firm Grant Thornton must release sensitive reports to property tycoons Vincent and Robert Tchenguiz
07/25/2013
How firms are implementing the RDR
Six months after introducing the Retail Distribution Review (RDR), we are publishing our findings on how firms are approaching it.
07/25/2013
Anti-money laundering - FCA
This report sets out our obligations relating to anti-money laundering, our approach to carrying out those obligations, and the trends and emerging risks in money laundering that we are seeing in the firms we regulate.
07/25/2013
FCA rolls out sales incentives review beyond banks
Last year, the regulator conducted a year-long review into retail banks and found a number of failings in incentive schemes, resulting in an investigation into Lloyds Banking Group.