11/28/2012
Barclays sacked five staff over Libor manipulation scandal
Rich Ricci, the head of Barclays investment bank, revealed 13 staff had been disciplined in total
Legal, Regulation & Compliance
11/28/2012
Libor Lending Rates Were Probably Fixed, German Regulator Says
Probes are continuing into the alleged manipulation
11/28/2012
London Stock Exchange CEO says Italy Tobin tax an error
The London Stock Exchange controls Italy's Borsa Italiana
11/27/2012
HSBC Compliance Would Now Catch Improper Sales, U.K. Head Says
A reputational risk committee scrutinizes very profitable trades and products, Simoes told a panel of the Parliamentary Commission on Banking Standards today.
11/26/2012
Kuwait investment firm uses UK court to implement debt restructuring
The Kuwaiti investment company and asset manager, undergoing its second debt restructuring in three years, may be able to implement the plan as soon as next week if it wins the approval of a High Court of Justice in London scheduled for December 3.
11/26/2012
German banking association asks for delay of Basel III until 2014
The introduction of Basel III in the European Union should be as closely timed
11/26/2012
Ashurst outpaces Linklaters in top client ranking
Magic circle firm Slaughter and May remains dominant in the rankings, advising 42 of the FTSE250
11/25/2012
'Double strike’ fear for RBS over Libor fines
The Royal Bank of Scotland is concerned it could receive a “double hit” of separate fines for its alleged involvement in the Libor-fixing controversy, one from the Financial Services Authority and one from the US regulators on separate days.
11/25/2012
Travers takes top law firm prize at British Legal Awards 2012
Travers saw off competition from Berwin Leighton Paisner, Clifford Chance, Latham & Watkins, Mishcon de Reya and Olswang to scoop the coveted Law Firm of the Year award.
11/25/2012
UniCredit, Barclays Brontos Tax Case Is Moved to Bologna
Twenty individuals were indicted in June for their role in the alleged tax fraud.
11/25/2012
FSA fines UBS over trading scandal
The systems and controls failings revealed serious weaknesses in the firm’s procedures, management systems and internal controls.
11/25/2012
FPL Recommendations mark milestone for development of European Consolidated Tape
FPL releases recommended standards to enhance post-trade transparency for European equity markets
11/25/2012
Macfarlanes rehires top-rated private client partner from Speechlys
He will rejoin the firm in the first half of 2013, bringing the total number of private client partners at Macfarlanes up to 13.
11/22/2012
UBS reportedly nears £50m settlement following Kweku Adoboli fraud
UBS is reportedly nearing a settlement with regulators that could land it with a fine of up to £50m for failures that led to a $2.3bn (£1.4bn) rogue trading loss.
11/22/2012
BNP Paribas Warns Investment Trust Boards of Changing Role Under AIFMD
BNP Paribas is urging Investment Trust Boards to begin working through the challenges the rules present or risk a duplication of effort, needless complexity and possible breaches of fiduciary duty.
11/22/2012
Turcan Connell heads west with new Glasgow office
The office will be staffed by existing Turcan Connell lawyers and planners.
11/22/2012
BDO Sees Global Revenue Grow in 2012
At year end 2012, BDO provides services in 138 countries and there has been a significant rise in the number of partners and staff working in BDO
11/22/2012
Germany rejects landmark Swiss tax deal
The SBA takes note of this decision with regret
11/21/2012
Goodwin Procter boosts London team
"Ben's arrival is the latest piece of our London build, supporting our strategic plan and adding to our existing capability in funds, real estate and financial services regulatory work,"
11/21/2012
George Osborne is warned that mansion tax will punish hard-working Londoners
“Additional local property taxes would hit ordinary families and pensioners. "