12/10/2012
Standard Chartered hit by $300m in Iran fines
Standard Chartered will pay more than $300m (£187m) to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan.
Legal, Regulation & Compliance
12/10/2012
Anglo investment arm sued by clients who lost millions
As well as assembling the investors, Anglo provided loans to finance the deals and in some cases even bought properties to sell to its own clients.
12/10/2012
Lawrence Graham departures continue as 16 made redundant
The lawyers are understood to be fee-earners, but not partners.
12/10/2012
HSBC to pay $1.9bn in US money laundering penalties
A US Senate investigation said the UK-based bank had been a conduit for "drug kingpins and rogue nations".
12/10/2012
The City lunch that cost £1.7m in poaching row
It was probably the world’s most expensive lunch. When Fahim Imam-Sadeque, an investment manager, invited out a colleague it ended up costing him £1.7 million.
12/10/2012
U.K. Fraud Prosecutor Arrests Three Men in Libor-Rigging Probe
UBS AG is expected to face a fine as early as this week that may surpass the record 290 million pounds ($466.6 million) Barclays Plc, the U.K.’s second-biggest bank, paid in June to settle claims it attempted to manipulate Libor.
12/10/2012
FSA to step up HSBC Group governance
The FSA says it will take steps through its supervision to ensure HSBC complies with the measures.
12/09/2012
JPMorgan Said to Ask Staff to Help Fund U.K. Tax Settlement
Employees who participated in the trust were asked to help fund a payment of at least a few hundred million pounds if they want to settle with Her Majesty’s Revenue and Customs
12/09/2012
HSBC, Standard Chartered Close to Resolving Iran Claims
A Senate committee said in July that failures in London- based HSBC’s money-laundering controls allowed terrorists and drug cartels access to the U.S. financial system.
12/06/2012
UK law firm appoints new head of private client department
He will manage the private client department offering a range of services
12/06/2012
Bank staff still mis-selling products
Major mis-selling scandals have failed to stop banks pressurising their staff into pushing products which may be unsuitable, Which? claimed today.
12/06/2012
Addleshaws reports 3% dip in H1 fee incom
Managing partner Paul Devitt said: "We anticipated a slower start to this financial year than last, given how strongly we started last year, and certainly market and competitive pressures remain significant.
12/06/2012
Partners agree to Dickinson Dees and Bond Pearce merger
Creating a major new law firm, Bond Dickinson will have an income of approximately £95m, 1200 staff and operations in eight UK wide locations.
12/05/2012
Hogan Lovells and Linklaters take brilliant cut on Graff Diamonds refinancing
The package from a trio of banks follows the company’s decision to pull its $1bn listing in Hong Kong in May
12/05/2012
Ex-Deutsche Bank staff say bank hid $12bn losses
Three former Deutsche Bank employees have filed complaints with the US securities regulators claiming the bank failed to recognize up to $12 billion (£7.46 billion) of unrealised losses during the financial crisis.
12/05/2012
Standard Chartered expects further $330m Iran fine
The New York regulator had accused the bank of leaving the United States “vulnerable to terrorists
12/05/2012
Tax avoidance targeted by European Union
Some big companies take advantage of these loopholes to avoid paying millions of euros in tax
12/04/2012
Stephenson Harwood files £200m SFO damages claim for Tchenguiz Family Trust
The SFO has instructed 5 Essex Court silk Jeremy Johnson QC to defend a £200m damages claim brought by businessman Vincent Tchenguiz.
12/04/2012
Britain threatens to veto EU bank supervisor
Britain has threatened to veto the creation of a new eurozone banking supervisor unless the European Union also agrees to protect the City of London from protectionist financial regulation.
12/04/2012
UK lags behind the rest of the EU in preparing for SEPA Direct Debit
Many organisations to miss out on benefits, impacting EU competitiveness, finds study from Steria and EDC