07/10/2012
FSA blocks acquisition over adviser’s ‘lack of honesty'
It has decided to object to the acquisition by Ewa Karczewska of at least 70% of the issued share capital of Think Finance.com.
Legal, Regulation & Compliance
07/10/2012
Libor scandal: two London traders suspended from Mitsubishi
The traders, named as Christian Schluep and Paul Robson by sources, are thought to have been suspended two weeks ago on questions of their action when they worked at the Dutch bank.
07/10/2012
Dutch pension fund to sue Goldman unit
In legal proceedings filed at the U.K. High Court in London on Monday, Vervoer claims GSAM was negligent in its role as fiduciary manager on two occasions, according to sources familiar with the case.
07/10/2012
New face greets private clients
She was head of private client services at BPE Solicitors in Cheltenham for eight years.
07/10/2012
Credit Suisse exempted from German tax prosecution
The newspaper referred to so-called Bermuda products designed as insurance-style instruments to avoid tax.
07/09/2012
Email cache shows depth of Whitehall fears over Barclays Libor submissions
In an email dated October 22, 2008, from Sir Jeremy Heywood, then principal private secretary to Gordon Brown, to Paul Tucker, then head of markets at the Bank of England, he asks why Barclays is paying “ABOVE Libor” to fund in the sterling mo
07/09/2012
Mitsubishi UFJ Said to Suspend Two London Traders
The two, Christian Schluep and Paul Robson, have been put on leave, according to Bloomberg.
07/09/2012
U.K. Serious Fraud Office Reopens Investigation Into Weavering
The SFO probe relates to interest rate swaps between the fund and a company in the British Virgin Islands which “had the effect of inflating the net asset value of the fund,” the agency said in statement on its website.
07/09/2012
Barclays makes complaint to ICAEW about Baker Tilly
It is alleged that the Baker Tilly employee seconded to Barclays took information about one of the bank's clients and handed it to the firm.
07/09/2012
Proskauer hires capital markets quartet to continue City expansion
Proskauer continues to strengthen its global capital markets capabilities with the upcoming addition of three partners and a senior counsel in the firm's London office.
07/09/2012
Herbert Smith to merge real estate and finance as part of Freehills-induced restructure
n the wake of the shake-up, Herbert Smith’s current head of real estate Ian Cox has been linked to the new role of London managing partner.
07/09/2012
French holiday home owners may have little to fear from new tax changes
Recent changes to the French tax system announced by president Francois Hollande’s government may not be so serious for British and other owners of French properties, believes UK regulated specialist mortgage broker Offshoreonline.org.
07/08/2012
RBS fights to keep its Libor records secret
Royal Bank of Scotland is fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate.
07/08/2012
Serious Fraud Office launches Libor investigation
The case could lead to criminal charges being brought against individuals.
07/08/2012
Germany probing Deutsche Bank over Libor
Shares of Deutsche Bank AG slumped 5.3% in New York trade on Friday.
07/08/2012
Banks 'let off' more than £60m in fines by watchdog
Big banks and insurers have been forgiven more than £60m in fines for mis-selling and other wrongdoings by the City watchdog since 2010, an Independent on Sunday investigation can reveal.
07/08/2012
Knock knock. Who’s there? A UK tax cheat
It’s a scandal that broke with a classic newspaper scoop.
07/08/2012
RBS Chief Executive response to chairman of the Treasury Select Committee
We remain deeply sorry for the disruption our customers encountered, and I would like to acknowledge their understanding and patience.
07/08/2012
UBS note deepens UK political row over rate-fixing
A political row in Britain over the fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the former Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2
07/08/2012
FSA bans former Pacific Continental broker
Its collapse in 2009 contributed to a £58m interim levy on investment advisers.