09/24/2015
Wembley City trader accused of £73m scam
A City trader from Wembley posed as a multi-millionaire with links to the Vatican and the Spanish nobility in an elaborate £73 million scam
Legal, Regulation & Compliance
09/24/2015
Banking sector very dynamic
Other European jurisdictions are not keen to license new banks
09/23/2015
Brexit risk will force Bank of England to keep interest rates low for longer, warns UBS
Interest rates could be cut to zero if the UK can not negotiate a strong foothold outside of the EU
09/23/2015
Outstanding success for National law firm in The Legal 500 directory results
National law firm has achieved top tier rankings in 29 practice areas in this year's The Legal 500 directory, with a further 72 practice areas recommended.
09/23/2015
FCA bans and fines Keydata finance director £350k
This had the effect of masking problems with SLS and the performance of the SLS portfolio.
09/23/2015
Wragges advises Santander on financing of luxury goods brand
Santander was able to support Aspinal with an innovative mix of funding lines, which included trade finance and invoice discounting as well as a growth capital loan.
09/23/2015
RBS Said to Eliminate 100 Jobs at Investment Bank in Revamp
In line with the strategy to make RBS a stronger and more sustainable bank, we are simplifying the structure of our corporate and institutional banking division to better serve our corporate and financial institutional customers
09/22/2015
China central bank to sell short-term debt in London
The debt issuance will be the first sale of such notes outside of China and help develop London as a yuan trading hub.
09/22/2015
Upper Tribunal releases its judgment on action against Timothy Roberts and Andrew Wilkins
The Tribunal agreed with the FCA’s decision that Mr Wilkins had acted without due care, skill and diligence.
09/21/2015
UK banks quietly confident they can cope with ringfencing
It has produced a wide spectrum of responses, reflecting the sector’s various strategies.
09/21/2015
Next Wave of U.K. Libor Charges May Focus on Euribor Traders
The SFO was planning to make charging decisions quickly after the interviews, said one of the people.
09/21/2015
Nutmeg hits back at claims it already gives advice
An FCA spokesperson said that in response to calls from the industry, it has done a substantial amount of work in this area.
09/21/2015
UK left out of pocket as Iceland draws a line under bank collapse
Britain and the Netherlands wanted an additional £2.8bn from Iceland over the failure of Icesave in 2008, but are only going to get £100m
09/21/2015
Hungary's OTP builds additional risk provisions in Croatia
Bank will also release provisions already created for such purposes in the amount of HRK 66 million.
09/21/2015
ICSA Jersey names leading offshore law firm in 2015 Awards
The Awards were judged by a panel of industry experts, the winners will be announced at the ICSA Jersey Annual Dinner, Awards & Graduation Ceremony at the Hotel de France on Friday, 23rd October 2015.
09/21/2015
Valla & Associates opens representative office in Milan, Italy
Boutique business law firm Valla & Associates, Inc., P.C. announced today the opening of a Representative Office in the heart of Milan, Italy.
09/19/2015
Aberdeen Defies China Slowdown With Key Deal
Aberdeen Asset Management is to become the first British fund manager to gain a key licence from Beijing to operate on the Chinese mainland just weeks after turmoil in Shanghai's stock markets hit the FTSE-100 group's shares.
09/18/2015
Germany defies ECB by fortifying national bank control rules
The ECB began overseeing the euro area’s biggest lenders last year
09/18/2015
SABMiller Snubs Long-Time Legal Adviser for Lead AB InBev Role
SABMiller’s general counsel and corporate affairs director, John Davidson, spent his entire career at Lovells
09/18/2015
Successful international arbitration claimants to benefit from certainty of award payment
Companies or organisations engaged in arbitration proceedings against a sovereign state can now eliminate the risk of non or late payment of awards with the launch of a new insurance solution.