04/23/2015
Gillespie Macandrew appoints new partners
Gillespie Macandrew has appointed two new partners in its most recent round of promotions
Legal, Regulation & Compliance
04/22/2015
Bank signs deal over £2m sex discrimination claim
Details of the payout were not disclosed after the agreement was struck just hours after it was due to go into its second day.
04/22/2015
FCA warns investors over ‘scam property fund’
Has a fully operational website describing it as “a leading global wealth management group and the preeminent UK-based investment corporation with a worldwide reach
04/22/2015
Bank Of America Braced For £10m FCA Fine
Sources close to the situation confirmed that none of BAML's clients had suffered any financial losses as a consequence of the firm's failings.
04/22/2015
Greater certainty about succession for non-Muslim residents of Dubai
One of the most popular destinations for working expatriates is the United Arab Emirates (UAE), especially Dubai, and it is estimated that in excess of 100,000 UK nationals live in the UAE.
04/22/2015
British man held over £500bn Wall Street 'flash crash'
The CFTC Complaint charges the Defendants with unlawfully manipulating, attempting to manipulate, and spoofing — all with regard to the E-mini S&P 500 near month futures contract
04/22/2015
FCA fines Merrill Lynch Intl £13m for misconduct
The size of the fine – the highest imposed for transaction reporting failures to date - reflects the severity of MLI’s misconduct, failure
04/22/2015
City firms could face record-breaking fines for misconduct, warns regulator
Financial Conduct Authority sounds warning after Merrill Lynch was hit with record £13.3m penalty for failing to report transactions correctly
04/21/2015
Taylor Wessing celebrates ten UK promotions
Taylor Wessing is celebrating ten promotions in the UK this year, with five promotions to its UK partnership and five to the position of Senior Counsel.
04/21/2015
Clyde & Co Announces 2015 Partner Promotions
Clyde & Co is delighted to announce 24 partner promotions across its international network
04/21/2015
HMRC toughens overseas pension warnings
HM Revenue and Customs has amended its list of registered pension schemes in what appears to be a bid for clarity in light of the new pension freedoms
04/21/2015
Mary Lou McDonald refuses to apologise over offshore accounts
Sinn Féin deputy leader denies she named politicians to ‘cause public controversy
04/21/2015
DFSA fine on Deutsche Bank illustrates need for balance between financial regulation and red tape
It’s a simple morality play for our times: big bad bank is caught breaking the rules; fearless watchdog steps in to impose massive fine; we all sleep easier in our beds.
04/21/2015
European Central Bank Squeezes Greek Banks, Tightening Access to Loans
As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.
04/21/2015
US, UK aim for Deutsche Bank Libor settlement on Thursday – sources
The world’s second-largest foreign exchange trader still faces potential claims or settlements over past issues including alleged attempts at foreign exchange benchmark manipulation and alleged violations of U.S. sanctions on Iran.
04/20/2015
International law firm strengthens corporate capability in Paris with Partner hire
He has specialised for nearly 20 years in banking and finance and in particular in international syndicated loans, acquisition finance, asset finance, export finance and tax-advantaged financings.
04/20/2015
Anderson Strathern boss eyes Aberdeen and Dundee
THE managing partner of law firm Anderson Strathern is considering moves into Aberdeen and Dundee as a way to grow its presence.
04/20/2015
Russia denies Western banking blacklist exists
The newspaper said it had access to a letter from the office of Rosfinmonitoring explaining in detail the procedure, a claim the monitoring agency denies.
04/17/2015
East Midlands law firm Continues Growth with Derby Acquisition
Tim Hastings said: “We are delighted to unite with Moody and Woolley, a move which is part of our continued strategy to grow our business by acquisition.
04/17/2015
Knight Vinke Shifts Hiring Focus From Monaco to London
The subsidiary Knight Vinke Asset Management (UK) Limited was approved by the U.K. regulator in mid-March, according to regulatory filings. The move now allows the firm to advise clients on investments from the U.K.