01/14/2015
Investment scam losses rise 20% warns KPMG
The amount of capital lost in investment scams which reached court last year rose more than 20% on the previous year to reach £212 million
Legal, Regulation & Compliance
01/14/2015
European banks face $52 billion in litigation costs: Morgan Stanley
European banks have paid out about $104 billion so far and the $52 billion they still have to pay
01/14/2015
Legal veterans launch a practice focused on private client services
Four veteran North West lawyers have teamed up to launch a practice focused on private client services.
01/14/2015
Tullett Prebon and BGC declare a $100m truce over broker poaching
The London interdealer broker has agreed to take the money and settle a string of litigation
01/14/2015
Northern Rock's bad bank appeals £258m compensation ruling for Together mortgage customers
The state-owned arm of the bank said it will challenge the High Court ruling that affects 41,000 customers
01/14/2015
ECB primes markets for imminent QE
The comments will fuel speculation that the ECB's governing council will announce plans for a programme of some form of QE at its meeting on January 22.
01/14/2015
Oppenheimer loses bid to collect $30 mln from Deutsche Bank
An arbitration panel has denied U.S. brokerage firm Oppenheimer & Co's attempt to collect more than $30 million from Deutsche Bank AG related to the sale of auction-rate securities that the bank created
01/13/2015
UK banking, other trade bodies to consult on merger
The aim would be to create a more cost efficient and streamlined lobbying group
01/13/2015
International law firm appoints Corporate and Capital Markets Partner
He focuses on general corporate transactions, acting for high net worth families, hedge funds and businesses in the hospitality, real estate and technology sectors.
01/13/2015
Europe’s Largest Asset Manager Joins Thomson Reuters Accelus Org ID KYC Managed Service
Thomson Reuters will work with Amundi to streamline and simplify the exchange of required documentation with its financial counterparties via a secure, independent managed service
01/13/2015
International law firm Opens in Luxembourg
The new office will be located on the Boulevard Royal, at the heart of Luxembourg’s financial and business district.
01/13/2015
Lombard Odier wins £2.7m legal row with ex-hedge fund manager
The fund closed four years after its launch in December 2009
01/12/2015
Part I: SS&C GlobeOp and Regulatory Reporting By: Tom Kirkpatrick and Alexandra Gillespie
In Part II of the interview, the discussion will turn to the new European clearing mandates and the overall future of OTC processing.
01/12/2015
HSBC refunds £350m to customers after banking rules blunder
Some customers are said to have received offers for up to £4,000 from the bank
01/12/2015
Deutsche Bank Weighs Sale of Postbank Unit
Retail Unit Is Examined as Part of Strategy Review Due Out in Spring
01/12/2015
Cayman Finance supports CIG’s beneficial ownership stance
Cayman’s system has been in place for years and already fulfills the FATF recommendations on how a country can comply with the global availability of information standard,” said Mr Scott.
01/09/2015
Domestic banks reject EU finance fusion
The Brunetti committee was commissioned by the government in September 2013
01/09/2015
FCA and AMPS ‘rift’ leaves SIPP operators adrift on pension liberation
Leggett also said the FCA "does not seem interested in pension liberation".
01/09/2015
Broker investigator targeted by FCA
For over 30 years it has acted as a trusted partner for strategic business consultancies
01/09/2015
Can The Art Market Resist Pressure For More Regulation?
Major changes in the art market and wider trends in society are challenging the tradition and duty of confidentiality observed by many art professionals and collectors.