02/16/2012

Closed UK hedge fund ordered to pay $76.8m

Sweet ruled that Pentagon Capital and Chester must disgorge $38.4 million in improper profits on the trades. He imposed the same amount as an additional civil penalty.

02/16/2012

Fraud agency under investigation in UK

The review will focus on how Britain's main agency for hunting down major financial crimes and corruption goes about selecting and pursuing cases, a spokeswoman for the government's legal advisor said.

02/15/2012

A German Pensioner Takes on Commerzbank

The bank adds that the financial advisor "weighed all the advantages and disadvantages of the investment together with the client. That particularly involved the long duration of the investment. Irmgard Greiner decided after the extensive consultatio

02/15/2012

RBS rapped over 'last bank' advert

State-backed Royal Bank of Scotland has come under fire once again - this time for making "misleading" promises to be the "last bank in town".

02/13/2012

Top law firm scraps mandatory retirement age

The City giant's move comes as research by Legal Week found that SJ Berwin, Nabarro and Holman Fenwick Willan are also currently reviewing their policies in the wake of legislative changes which have phased out default retirement ages for U.K. employ

02/10/2012

Offshore 'gifts' under HMRC scrutiny

Individuals with money in offshore bank accounts who argue that their funds are a “gift” should collect evidence to support their claims, following the verdict in a high-profile court case this week, accountants have warned.