07/31/2015
Lloyds Bank payment protection claims bill tops £13bn
Lloyds called the additional provision for PPI "disappointing".
Legal, Regulation & Compliance
07/30/2015
Tougher banking rules must stay, says Bank of England deputy governor
A senior policymaker at the Bank of England has said that regulations imposed on the banking sector since the 2008 crisis should not be scaled back in any effort to fuel economic growth.
07/30/2015
U.S. must wait for EU hedge fund "passports" - EU watchdog
The European Securities and Markets Authority also said it has not yet reached a view on whether hedge funds and other alternative investment funds from the United States should be given a "passport".
07/29/2015
FCA finds firms still failing to fully manage benchmark risks
The FCA found that some progress had been made on improving the oversight and controls around benchmarks.
07/28/2015
BlackRock says Italy's regulator dismisses charges over Saipem share sale
Italian market regulator Consob has dismissed all charges against fund group BlackRock and one of its managers over the alleged use of insider information to sell shares in Saipem in 2013, BlackRock said on Monday.
07/28/2015
Baker Bags Two Amid Belfast Opening, Plus More Lateral Moves
The Am Law Daily reported nearly a year ago on Baker & McKenzie laying the groundwork for its new back office in Belfast, making the firm the latest in a series of Am Law 100 shops to open such outposts in an effort to slash expenses.
07/28/2015
Farrer & Co - Family Businesses Summer Newsletter
What happens when a director of a company has become physically or mentally incapable of acting as a director?
07/28/2015
RBI securitizes € 705 million loan portfolio
The transaction leads to a reduction in RBI’s risk-weighted assets of approximately € 340 million, thus strengthening the Common Equity Tier 1 ratio by 4 basis points.
07/28/2015
More names emerge in race to become Linklaters managing partner
Bennett has been London litigation head since 2007 and was appointed global litigation head
07/28/2015
Revolving doors: Pinsents and Irwin Mitchell both hire from CRS as Gateley brings in two new partners
With the summer break fast approaching, there was a flurry in the lateral market among law firms last week as they looked to sign off key appointments.
07/27/2015
More transparency over UK prime property ownership needed to prevent fraud, campaigners say
Plans to create a public registry of the real owners of UK companies should be extended to make it clear who is behind the companies that own high-value London properties, Global Witness has said.
07/27/2015
Russian central bank withdraws licence from top 50 bank
The central bank said in a statement that Rossiysky Kredit Bank had hidden grounds for bankruptcy proceedings by providing inaccurate information about the state of its finances.
07/27/2015
Liechtenstein Disclosure Facility To Close In December
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.
07/27/2015
Foreign criminals use London housing market to launder billions of pounds
Corporations, usually based in offshore tax havens, are sometimes used by buyers keen to hide ownership of assets, says National Crime Agency spokesman
07/27/2015
Ex-Deutsche Bank Chief Anshu Jain Cleared of Misleading Regulators Over Libor Rigging
German regulator BaFin is continuing investigation into other matters
07/27/2015
Former Head of Banco Espírito Santo Placed Under House Confinement
Prosecutors named Ricardo Salgado suspect in lender’s collapse
07/27/2015
Raft of firms bag spots as Deutsche Bank finalises legal panel arrangements
A host of law firms have been awarded positions as Deutsche Bank's go-to advisers with the lender having finalised its global legal panel after kicking the process off at the end of last year.
07/27/2015
UBS Takes France to Court over Human Rights
Switzerland’s biggest bank has picked a fight with France over human rights.
07/24/2015
Banking Family Plans to File Suit Against Andorra
The Ciercos, who had 75 percent of the equity of Banca Privada d’Andorra, or B.P.A., said in a statement that their pending lawsuit would seek damages from Andorra for the “indiscriminate and unilateral expropriation” of the bank.
07/24/2015
Removal of a protector after loss of trust and confidence
A protector should consider the viability of their position early in the face of hostile beneficiaries