08/23/2015
UK banks face £5bn lawsuit over forex claims
Firms from pension funds to international manufacturers are investigating the possibility of making claims for damages, accusing banks of manipulating exchange rates to rip them off
Legal, Regulation & Compliance
08/23/2015
EU warned not to let capital markets union hurt role of banks
The new president of the European Commission, Jean-Claude Juncker, has made a capital markets union one of his priorities, in an effort to inject new life into the region’s sluggish economy.
08/21/2015
EU hypocrites!
The naming and shaming of tax havens is fraught with folly
08/21/2015
Barclays must face U.S. class action over Libor
Class actions make it easier for plaintiffs to recover larger sums at lower costs than if they sue individually.
08/21/2015
Morgan Lewis Deepens Global Structured Transactions Practice
Continues robust expansion of London office capabilities
08/20/2015
Corporate governance of Cyprus investment firms
The Cyprus Securities and Exchange Commission has recently issued guidance on what it considers to be significant Cyprus investment firms for regulatory purposes.
08/20/2015
Bankpension criticised by regulator over investment stance, treatment of members
The savings in question related to pension products with conditional guarantees that applied only to part of the contributions.
08/20/2015
HMRC: The taxman cometh
UK authorities vowing crackdown on tax dodgers to prove system does not favour the rich and famous
08/20/2015
Greece repays 3.4 bn euros to European Central Bank: source
Klaus Regling, the managing director of the Eurozone Stability Mechanism that manages the bailout signalled Greece was making a fresh start.
08/19/2015
Germany's HSH Nordbank agrees 22-mln-euro fine in tax probe
News of the settlement was first reported by newspaper Sueddeutsche Zeitung and broadcasting networks NDR and WDR earlier on Tuesday.
08/19/2015
GMEX appoints index oversight committee
GDI already publishes the IRS Constant Maturity Index
08/19/2015
AES: Advice firms circumventing UK regulation a threat to investors
Foreign financial advice firms, which circumvent UK regulation using passporting rules, are acting with impunity, warns AES International.
08/18/2015
Bottermann Khorrami advises Israeli family offices in establishing a residential portfolio in Eastern Germany
The investment project was initiated by an Israeli investor and project developer
08/18/2015
Instinet Europe receives FCA authorisation as a Payment Institution
Instinet applied for the registration in March 2015 with the aim of complementing its market leading Commission Management business.
08/18/2015
Forex rigging: Barclays, RBS and HSBC facing billions in legal claims
Landmark case in New York could open door to "tens of billions of pounds" of claims in London
08/17/2015
Clydesdale Bank faces soaring mis-selling bill
CLYDESDALE Bank could see its latest £500 million mis-selling bill rise even higher as more customers claim compensation, according to a firm that specialises in securing redress.
08/17/2015
HSBC Said to Cut Suspended Senior London Credit Trader
He has been listed as “inactive” on the U.K.’s Financial Conduct Authority register since July 16.
08/14/2015
Recent CBI Findings against permanent tsb and Springboard Mortgages Limited
PTSB failed to inform certain customers of the consequences of their decision to break early from a fixed rate or discounted tracker period; a number of customers were not told that they lost their contractual right to be offered a tracker rate in the fu
08/14/2015
FCA changes monitoring of overseas banks with UK branches
The FCA states these other members of staff include those who give investment advice or submit to benchmarks.
08/14/2015
Deutsche Bank shamed again
The shredding of the reputation of Germany's biggest bank continued yesterday as seven Deutsche Bank employees were charged in Frankfurt with evading VAT in carbon market trades.