07/16/2015
Ex-Lloyds adviser found guilty of £260k fraud against elderly client
A former Lloyds adviser has been found guilty of defrauding an 88-year old client out of £260,000.
Legal, Regulation & Compliance
07/16/2015
EU banks face new stress tests
The 2016 EU-wide stress test will however, build on the lessons learned from previous exercises
07/16/2015
FSCS pays out £327m in compensation to consumers SIPP-related claims in 2014/15 increase
The Scheme received more than 53,000 new claims in 2014/15
07/16/2015
Switzerland and Germany: clarification with respect to market access for banks
Final clarifications have been made regarding the Memorandum on the cross-border provision of financial services agreed between the finance ministries of Germany and Switzerland in 2013.
07/15/2015
Deutsche Bank Inquiry Deepens as New York Seeks Moscow Memos
The formal request for information, which was sent last week, the person said, marks a deepening of the New York State Department of Financial Services’ probe into Deutsche Bank’s activities in Russia.
07/15/2015
South East law firm has expanded private client team
She undertakes the creation and rearrangement of trusts; business protection planning for entrepreneurs and owner-managed businesses; and the set up and administration of philanthropic and other charitable organisations.
07/15/2015
US regulators warn RBS it could pay $13 billion over lawsuit
Bank is seeking to have case over its handling of mortgage securities dismissed
07/15/2015
ECB pressures German bank HSH to cut bad loans in half: Sources
The ECB seeks to have the bank cut that to 10-12 per cent in the coming few years
07/14/2015
Hundreds of businesses are trying to figure out whether UK banks defrauded them via LIBOR manipulation
The derivatives in question are financial products that were sold as “insurance” to businesses who wanted to be protected against high interest rates
07/14/2015
Brooks Macdonald Fires Another Salvo In Dispute With Origo Partners
A unit of wealth manager Brooks Macdonald Group PLC has filed a claim against Origo Partners PLC in the latest round of the ongoing dispute between the two companies.
07/14/2015
Majority of QROPS transfer requests are a scam, warns Aegon
Aegon has warned that 80% of the requests it has received for transfers into qualifying recognised overseas pension schemes are designed to swindle savers out of their pension pots.
07/14/2015
Uzbekistan, Belgium to exchange tax info
Diplomatic relations between the two countries were established on March 10, 1992.
07/14/2015
Deutsche Bank investigated over suspected Russian bribe
Deutsche Bank is facing questions from the US Department of Financial Services over a suspected bribe to one of its employees in Russia.
07/13/2015
U.K. Law Firms Play Catch Up With U.S. Rivals Amid M&A Boom
The U.K. market has not been as strong for mergers as the U.S.
07/13/2015
Greece to receive pay-as-you-go bailout
Overall, the roadmap for a Greek deal reduces the probability of Greece exiting the Eurozone from 75% to about 30%.
07/13/2015
Ombudsman refuses to apply retrospective regulation
Mr Arter hinted that if the transfers had taken place after the Pensions Regulator published its pension liberation guidance in February 2013, his conclusions may have been different.
07/12/2015
Ex-Deutsche Bank Traders Said to Face Libor Charges From DOJ
Deutsche Bank entered into a record $2.5 billion global settlement with agencies, including the Justice Department
07/12/2015
Wealthy City investors sue finance firm Ingenious over film investments
Wealthy City investors are suing finance firm Ingenious along with banks Coutts and HSBC over the billion-pound film production schemes that Revenue & Customs has labelled tax avoidance vehicles.
07/12/2015
FCA drops three-year probe into 'London Whale'
UK regulator was reportedly unable to build a case against Bruno Iksil, whose trades lost JP Morgan $6.2bn
07/12/2015
Linklaters appoints William Hague to chair its newly created International Advisory Group
Linklaters appoints William Hague to chair its newly created International Advisory Group - See more at: http://www.linklaters.com/News/LatestNews/2015/Pages/Linklaters-appoints-William-Hague-chair-newly-created-International-Advisory-Group.aspx#sthash.b