06/16/2016
Arrest reported over Panama Papers leak
The Geneva authorities confirmed an investigation was in train after a complaint from Mossack Fonseca but declined further comment.
Legal, Regulation & Compliance
06/16/2016
Court ‘missed crucial point’ in Barclays case
Judge Moulder decided Thornbridge’s claims were brought with the benefit of hindsight following the banking crisis
06/15/2016
Deutsche Bank prepares for fine over suspicious Russia trades
A charge of around €450 million that the bank booked last year is mainly related to the suspicious share trades, the sources said.
06/15/2016
FCA – list of waivers
FCA – list of waivers The FCA has published an updated list of waivers on their website
06/15/2016
Qadir v Barclays: High Court gives helpful guidance on limitation periods in IRHP mis-selling litigation
Anchor Qadir v Barclays: High Court gives helpful guidance on limitation periods in IRHP mis-selling litigation Following a series of decisions considering similar issues, the High Court has again granted a bank's application to strike out an inter
06/14/2016
Standard Chartered CEO cracking down on 'above the law' bankers
He says he uncovered a culture where a few senior managers flouted ethics rules for personal gain and considered themselves "above the law".
06/14/2016
Terry Smith settles with Barclays over £200k dispute
The dispute had been set to go to trial on 13 June but has now been settled.
06/14/2016
Ex-Schroders Trader Jailed For Two Years Over Insider Dealing
Mr Clarke worked for Schroders Investment Management from August 2000 until January 2013, initially as an assistant fund manager and then from 2006 as an equities trader.
06/14/2016
Ex-UBS Salesman Must Pay $42,100 After Suing for $1 Million
Instead, the court decided on Tuesday he should pay UBS for not honoring the three-month notice period in his contract.
06/14/2016
Goldman Sachs dealmakers lavished Libyan officials with prostitutes to win contract, London High Court hears
Goldman Sachs paid for prostitutes and lavish parties in an attempt to win business from the Libyan Investment Authority
06/13/2016
CaixaBank of Spain signs MoA with State Bank of India
The banks will also cooperate through introduction of business opportunities and partnering on possible infrastructure funds
06/13/2016
FIX Trading Community releases standards for MiFID II transaction and trade reporting
These initiatives have been welcomed by the financial trading community.
06/13/2016
UK voters Back Norway-Style Brexit, Poll Reveals
A new poll, commissioned by the Adam Smith Institute think tank has revealed that support for a deal along the lines of the Nordic country’s relationship with the continental bloc outweighs opposition by two-to-one.
06/13/2016
Deutsche Bank to tackle transactional unit security
FCA review had found variety of failings
06/13/2016
BEUC and EDRi urge the EU Commission not to undermine citizens' privacy in trade agreements
There's no clear definition in the EU for "data localisation".
06/13/2016
SA planning to double tax-free wine exports to EU
New trade agreement means country can export 110 million liters of duty-free wine.
06/13/2016
Nick and Christian Candy accused of tax evasion in high court
Rival businessman Mark Holyoake alleges Nick Candy has been lying about source of wealth in fiercely contested legal battle
06/13/2016
Seven Ex-Deutsche Bank Managers Guilty in C02 Tax-Fraud Case
Deutsche Bank was the principal player in these deals at the time," said Bach.
06/10/2016
FCA reveals hopes for robo-advice unit
The Advice Unit was announced in the Financial Advice Market Review report and will focus on helping firms develop fully or partly automated online services and other models that use technology to deliver lower cost advice.
06/10/2016
EU referendum: What do the Channel Islands think?
The most southerly part of the British Isles, the islands are self-governing Crown Dependencies, not members of the EU and not part of the UK.