10/16/2014
Addleshaws installs regional office heads as former Manchester chief quits for PwC
Addleshaw Goddard has appointed Tim Wheldon and Malcolm Pike as office heads in Leeds and Manchester respectively in the firm’s latest management change.
Legal, Regulation & Compliance
10/15/2014
Changes to the UK Tax Residence Rules for AIFs and Pitfalls to Avoid - Dechert
The measure is undoubtedly a positive step for the UK fund industry.
10/15/2014
Regulators launch crack down on 'shadow' banking sector
The change means that if a hedge fund, for example, wants to borrow $100 from a bank, it must now provide collateral worth at least $106.
10/15/2014
Weavering founder pleads not guilty in London fraud trial
The high-profile trial, due to last 10 to 12 weeks, comes at a time of renewed scrutiny of Britain's Serious Fraud Office (SFO), with fresh questions asked this week in parliament about its competency and fitness for purpose.
10/15/2014
UK banks cough up
Britain's biggest banks have paid out £1.5bn to compensate small firms who were mis-sold complex interest rate hedging products
10/14/2014
Carney is right on bankers’ failures
As Andrew Tyrie of the Banking Standards Commission put it: ‘A buck that does not stop with an individual often stops nowhere’
10/14/2014
Russian algorithmic trading company goes bankrupt and issues very direct message to clients!
With the sudden passing of Blackfield Capital following its bankruptcy on Friday, clients are encouraged to “look for Kim Karapetyan in the US” as he has allegedly fled Russia
10/14/2014
McDermott’s Brochet to join Greenberg Traurig Maher’s London office
This is the second high-profile hire for GTM in two months, after the hire of tax partner Graham Iversen last month (2 September 2014). This role is a new one for the firm, which is focusing on expanding its core practice areas.
10/14/2014
Lloyds Banking Group appoints ten-strong core legal panel
Members of the core panel will carry out own-account work for the bank, covering a range of matters for the bank's own business, as well as litigation, regulatory matters and general corporate work.
10/14/2014
Nabarro signs up Lefèvre Pelletier as new French ally
Like Spanish ally Roca Junyent the French firm also has a Shanghai base.
10/14/2014
EU watchdog to publish report on banker allowances
Bonuses are capped at no more than fixed salary, or twice that amount with shareholder approval, starting with payouts for their 2014 performance to be paid out next year.
10/14/2014
Seasoned M&A And Private Equity Lawyer Joins Fried Frank
He advises companies on mergers and acquisitions, and he counsels private equity firms on all forms of management buyouts, management buy-ins, leveraged buyouts and public-to-private transactions.
10/14/2014
Yorkshire law firm boosts private client team
Yorkshire law firm Gordons has recruited four young solicitors; three from competitor practices and one of its newly-qualified former trainees on a permanent contract.
10/14/2014
Baker & McKenzie Appoints Two Mexico Partners to Lead Global Practice and Industry Groups
The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.
10/13/2014
Eversheds to push flexi-lawyer service to international network
Eversheds is set to expand its contract lawyer business Agile outside of the UK, with the firm highlighting Germany and the Middle East as the most lucrative markets.
10/13/2014
Deutsche Bank may raise litigation, settlement reserves -Spiegel
The bank is striving to settle a number of probes before year-end, including those involving U.S. mortgage-backed bonds and the attempted manipulation benchmark interest rates
10/13/2014
European banks raise more capital before ECB stress test
Euro zone banks have raised 35 percent more capital ahead of the European Central Bank's latest stress test than they had set aside before the 2011 review
10/13/2014
FCA intensifies action against financial promotions
The FCA has taken on new powers to intervene in firms' marketing of financial products
10/13/2014
RBS Set to Reach FX Settlement Within Year, CEO Says
Royal Bank of Scotland Group Plc could reach a settlement with authorities over the alleged rigging of foreign-exchange markets in the next six to 12 months
10/13/2014
Mishcon de Reya Partners shortlisted for the Citywealth Power Women Awards
The gala dinner to announce winners will be held on the 22nd January 2015.