06/27/2012
Ageas and ABN AMRO agree to settle legal proceedings
The settlement will lead to a one-off cash payment by ABN AMRO to Ageas of EUR 400 million at the latest on 5 July 2012.
Legal, Regulation & Compliance
06/26/2012
Standardised bank reporting from next year
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06/26/2012
Lloyds Traders Suspended Amid Libor Probe Said to Return to Work
The people declined to be identified because they weren’t authorized to discuss the matter.
06/26/2012
Ex-SocGen trader fights 4.9 billion euro payback
The loss took one of France’s oldest banks to the brink of collapse.
06/26/2012
Mishcon de Reya, Brick Court scoop top prizes
Mishcon de Reya scooped the top prize at last night’s The Lawyer Awards when it was crowned Law Firm of the Year.
06/26/2012
CoA throws out High Court costs order against F&C Asset Management
he London-listed investment house was landed with an indemnity costs order by the High Court last year after it lost a hard-fought battle with hedge fund managers Francois Barthelemy and Anthony Culligan.
06/26/2012
Regulators hit Barclays with £290m fine
The watchdog said this was the largest fine it has ever imposed
06/25/2012
Mayer Brown London chief defeats finance head to retain top job
Mayer Brown’s London senior partner Sean Connolly has been re-elected to serve another five-year term, defeating London banking and finance head Dominic Griffiths.
06/25/2012
Former Dewey partners gear up for tax bill battle
Former partners of Dewey & LeBoeuf’s London base are attempting to minimise their financial blow from the US firm’s collapse by using its 2012 losses to slash their tax bill
06/25/2012
Asset managers face challenge of Solvency II
ASSET managers face a culture shock following the implementation of the European Union’s Solvency II directive, according to research released yesterday by KPMG.
06/25/2012
Former ABN banker sues for 'gay Irish gypsy' slur
The married father of two, of Irish descent, claimed colleagues refused to speak to him because he was not Dutch.
06/24/2012
Standard Life to unveil RDR propositions in October
The provider said the changes to charging on its FundZone proposition and self-invested personal pension (SIPP) - which have been emailed to advisers Friday - would create both a smooth transition to RDR readiness and enhance its overall proposition.
06/24/2012
FSA demands UCIS activity update
The FSA said it has identified a significant increase in Ucis transactions in the last four years, and has asked around 250 firms’ for details on the systems and controls they have had in place since 1 January 2008.
06/24/2012
Watchdog alarm as property investors breach the £1bn barrier with pricey bridging loans
In the past year, the number of people taking bridging loans has nearly doubled, with estimates suggesting gross lending breached the £1bn barrier in March this year.
06/24/2012
Rate swap scandal: FSA review to reveal evidence of serious misselling
Banks are braced for a formal regulatory investigation into how thousands of small and medium-sized businesses came to be sold billions of pounds worth of complex interest rate derivatives.
06/24/2012
Towry’s Fisher named in film scheme investigation
Analysis by The Times indicates there are around 2,000 members of film and music schemes under inquiry by HMRC.
06/21/2012
Ireland fines UBS for lack of controls
The €65,000 penalty handed out to the Swiss bank’s unit is part of Ireland’s broader effort to strengthen oversight of the banking sector after the financial collapse that forced the country to seek a €67.5bn bailout from the EU and
06/21/2012
Linklaters UK real estate chief quits
Linklaters’ UK head of real estate Anne Byrne has resigned from the firm, just a month after the departure of three partners in May.
06/21/2012
Towry in talks with lawyers and FSA over independence
Towry has sought legal advice and is consulting with the FSA over whether it will remain independent or move to a restricted proposition after the RDR.
06/21/2012
German banker admits bribery in F1 case
A former German bank boss admitted on Wednesday receiving tens of millions of euros in bribes from Formula One mogul Bernie Ecclestone, breaking months of silence in the case.