04/05/2012
High roller famous for Dubai Champagne tab arrested
Alex Hope, the foreign exchange trader who hit the headlines after reports claimed he spent £200,000 in one night on a bar bill, has been arrested on suspicion of unauthorised trading.
04/05/2012
European Commission ignores advice and points the finger, says administrator
04/04/2012
Weerasinghe replaces the US investment bank's general counsel Michael Helfer, who is taking on the new role of vice chairman after nine years in the GC position.
04/04/2012
Although the ombudsman said Standard Life was responsible for the error, Mr Hearn’s advisers were given enough information to realise it had happened and therefore could reasonably have mitigated any loss, according to the determination.
04/04/2012
Last October, the governments of France, Belgium and Luxembourg reached agreement on the dismantling of Dexia.
04/04/2012
The hedge fund of a Conservative Party donor has been fined $98 million for market abuse.
04/03/2012
The row has been triggered by the circulation of a 110-page EC draft text of "supplementing rules" aimed at enforcing the directive.
04/03/2012
Steven Francis, regulatory partner at RPC, said the high number of dawn raids is evidence of the FSA’s increased focus on more conspicuous and heavy-handed enforcement exercises since the start of the credit crunch.
04/03/2012
According to The Times Tenon has called in lawyers who have raised ‘serious concerns’ about the quality of PwC’s audit, and advised the management team that they may have a claim against their fellow accountants.
04/03/2012
“We have a situation in which two neighboring states, Germany and Switzerland, have a differing legal assessment of the same development,” Seibert told reporters. “For situations like this one, a treaty would establish legal certainty.&r
04/03/2012
The FSA believes that the size of the proposed fine reflects the serious nature of the market abuse and should act as a deterrent to other market participants.
04/02/2012
No financial details were given as the parties cannot disclose details until the contract is signed.
04/02/2012
Multi-millionaire Alan Miller, the original 'Mr Hedge Fund’, and his wife believe the investment industry is failing clients.
04/02/2012
He joins the firm in the position previously held by former Linklaters managing partner Angel, who quit the City firm last year to join DLA Piper as senior partner
04/02/2012
Burges Salmon has announced the largest round of partner promotions in its history, with seven associates joining the ranks on 1 May.
03/30/2012
The figures relate to unsegregated client accounts, which MF Global was allowed to mix with its own funds and which have proved difficult for the administrators to recover.
03/30/2012
Ciumei was instructed by Allen & Overy partner Stefan Martin to defend the claim, which was launched by Switzerland-based commodities trader Kai Herbert.
03/30/2012
Allen & Overy today announces 23 promotions to partner across 14 offices in 12 countries. Nearly 40% of new partners are female and, for the fifth year running, the majority (73%) are based outside London, underlining Allen & Overy's commitme
03/30/2012
“If this were a heterosexual marriage, and he were the female partner married to a wealthy City trader, he would have walked away with a considerably greater sum,” Matt Baldwin, a spokesman for Gallagher’s law firm Boodle Hatfield, said
03/29/2012
FSA needs to stop barking and bite down on swaps scandal
It is time that Parliament took up the cause to help reveal the extent of the problem and win redress for customers.