02/14/2012
Towry looses case against rival wealth management firm
National IFA Towry has lost its High Court battle against rival wealth management firm Raymond James and seven former Edward Jones advisers it alleged solicited clients.
02/13/2012
The City giant's move comes as research by Legal Week found that SJ Berwin, Nabarro and Holman Fenwick Willan are also currently reviewing their policies in the wake of legislative changes which have phased out default retirement ages for U.K. employ
02/13/2012
It expects a further 2,000 FSCS claims even before MF Global’s failure is factored in.
02/13/2012
Since the financial crisis of 2007, many smaller firms not able to raise funds on capital markets have found it difficult to borrow to finance investment.
02/13/2012
Four RBS bankers arrested in HMRC tax probe
The arrests included four current employees and one former employee from the Edinburgh-based bank as well as people from two other banks.
02/13/2012
The company failed to arrange adequate protection for clients' assets when it was responsible for them, and allowed client money to be used on its own account and not that of clients, the regulator said.
02/11/2012
Barclays' bonus pool is not the only part of its results that has riled investors: the bank's accounting practices have caused controversy too.
02/11/2012
The promotions, effective from 1 February, follow shortly after the news that the firm has opened an office in Hong Kong.
02/10/2012
Individuals with money in offshore bank accounts who argue that their funds are a “gift” should collect evidence to support their claims, following the verdict in a high-profile court case this week, accountants have warned.
02/08/2012
Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.
02/08/2012
UBS Employee Tax-Evasion Probe Dropped by German Prosecutors
A four-year-old investigation that included searches of offices and private property, didn’t support allegations initially made in a television-news report, prosecutors in Mannheim said in an e-mailed statement.
02/08/2012
Aima voices hedge fund concerns over Mifid II draft
The Alternative Investment Management Association (Aima), the global trade body, has aired its first public concerns about the update of Europe’s Markets in Financial Instruments Directive (Mifid), singling out the draft’s approach to third-co
02/07/2012
SJ Berwin is understood to have advised Duke Street, a longstanding client, fielding relationship partner Tim Wright, who also advised the group earlier this year on the sale of its investment in Deloro Stellite, a producer of alloy-based materials for ex
02/07/2012
London banker held in Cairo over alleged link to deadly riots
A Cairo airport official said Yasser el-Mallawany was set to fly to the United Arab Emirates on Sunday, but authorities barred him from leaving Egypt on orders from the country's attorney general.
02/06/2012
Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp.
02/06/2012
Britain's Financial Services Authority (FSA) regulator has started a formal enforcement probe against Swiss bank UBS over last year's $2 billion trading loss at UBS's London arm.
02/03/2012
Mr Adoboli pleaded not guilty to the charges and this means that an extended trial is likely.
02/02/2012
This week, meanwhile, the former UK CEO of J. C. Flowers, Ravi Sinha, was fined £2.87m and banned from working in UK finance for sending fake invoices to a company in which the private equity house had invested.
02/02/2012
Nicolas Sarkozy, French president, is planning to introduce a financial transactions tax, while François Hollande, his Socialist rival in presidential elections this spring, has made it clear he sees banks and finance to be at the heart of his coun
02/02/2012
A France-only levy is opposed by the country’s financial community and its feasibility has been questioned by the Bank of France.