09/09/2013
Barclays To Pay $36m To Settle Subprime Mortage Claims
Barclays has agreed to pay $36.1m to settle charges it hurt US homeowners by packaging subprime mortgages that the borrowers could not afford
Legal, Regulation & Compliance
09/09/2013
Deutsche Bank Faces Hearing Over Fired Euribor Traders’ Claims
Deutsche Bank AG faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.
09/09/2013
Bakers Seals Hire of McDermott's Head of European M&A
Baker & McKenzie has sealed the hire of McDermott Will & Emery's head of European M&A, Mats Sacklen
09/08/2013
From the vaults: making the news in years gone by
Prosecutors opened their criminal case against former UBS trader Kweku Adoboli, blamed for unauthorised trading that caused the bank a loss of up to $2.3 billion,
09/08/2013
Covington Expands European Financial Services Offering
Covington & Burling is pleased to announce that Charlotte Hill has joined the London office as partner, strengthening the firm’s ability to advise clients on EU and UK financial regulatory matters.
09/07/2013
Icap in talks to settle US and UK rate probe
Icap officials have said they are cooperating with various rate-rigging investigations and that senior executives weren't involved in any improper conduct.
09/05/2013
Barclays GC hire shows wariness of US-led regulatory world, say partners
Barclays appoints former US Treasury GC as UK banks increasingly seek regulatory skills
09/05/2013
European Supervisory Authorities highlight cross-sectoral risks
European Supervisory Authorities highlight cross-sectoral risks
09/04/2013
Top level exits continue as BLP tax litigation head joins Clifford Chance
The firm said it had reached its “target number” of redundancies
09/04/2013
FCA figures suggest true cost of rate hedge mis-selling
The Financial Conduct Authority has published its first update on banks’ reviews of sales of Interest Rate Hedging Products.
09/04/2013
Shoosmiths promotes 18 to role of associate
The promotions took effect on 1 September
09/03/2013
RBS faces legal action by pensions giant for hundred of millions
At least one other major UK investor is understood to be backing the Quinn Emanuel case.
09/03/2013
Law firms that want growth should look to private-client work
Law firms focusing on private clients were among the UK’s best performing
09/03/2013
Mayfair-Firm Makes First Lateral hire in two years
The opportunistic hire of Breedy would help the firm would help boost links between private client and the corporate group.
09/03/2013
UPDATE 2-UK Banks "slow" To Pay Out On Swaps Mis-Selling Claims
The Bill Is The Latest Faced By Banks, which are also compensating customers for mis-sold payment protection insurance (PPI).
09/03/2013
Osborne Clarke beefs up offices in Paris and Brussels
Osborne Clarke has continued its European expansion with two partner hires in its newly formed Paris and Brussels offices.
09/03/2013
NY regulator probes European banks over Turkish family
It was the latest move by New York banking Superintendent Benjamin Lawsky to clamp down on questionable practices by foreign banks in New York.
09/03/2013
About 35,000 Global Bank Employees May Face EU’s Bonus Curbs
The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.
09/02/2013
Linklaters Portugal senior partner departs to join Vieira de Almeida
He was managing partner of Linklaters' Lisbon base from 2002 to 2006 before subsequently taking over as office senior partner, while he also spent three years on the firm's international board from 2009 to 2012.
09/02/2013
FCA slaps Aberdeen over £685m client money failings
Aberdeen fully cooperated with the FCA’s investigation and agreed to settle at an early stage, qualifying for a 30% discount to their fine. Without the discount the fine would have been £10,275,000.