02/04/2016
Boutique lawyer e3 focusing on Liverpool expansion
Employment law specialist targeting growth in city after recruiting non-executive director David Ost
Legal, Regulation & Compliance
02/03/2016
Up to 15% of equity funds ‘may have been mis-sold’ – Esma
Esma studied the performance and disclosure documents of 2,600 funds across Europe over 2012-2014 and found that between 5 and 15 per cent of retail equity funds “could potentially be closet indexers”.
02/03/2016
HSBC subsidiary hired senior staff with unaccredited degrees
Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, have unaccredited business degrees, a Channel 4 News investigation finds.
02/03/2016
Regulators fine firms £18mn after insurer collapses
This misconduct contributed to the failure of several insurance schemes as well as to three insurers going into administration.
02/03/2016
Major international law firm opens its own Iran office in Tehran
This includes the right to provide legal advice in Iran.
02/03/2016
Corporate News Weekly Round-Up - Christopher Hines, Withers
Delaware Court Enforces ‘Good Faith’ Negotiations, New Disclosure Requirements for UK Companies and UNFCCC Adopts ‘Paris Agreement’
02/03/2016
Financial regulators call for more detail on EU referendum deal
Britain has clashed with Brussels on various elements of financial regulation introduced since the crisis, most prominently on the issue of a cap to banker bonuses.
02/02/2016
Gazprombank closes down London operations
Gazprombank’s London office had been effectively dormant since 2012, when the bank withdrew its application for a UK investment banking license after authorities demanded more information about its shareholders, Bloomberg reported at the time.
02/02/2016
French court backs charges against HSBC in tax fraud probe
The court rejected an appeal by HSBC that charges first brought in April for facilitating tax fraud and illegal practices be dropped.
02/02/2016
Serbia: Belgrade Mayor Connected to Another Offshore Company
This is the fourth company in the British Virgin Islands that KRIK journalists found is connected to Mali.
02/02/2016
Barclays wary of regulatory 'bumps' for RBS, hikes Lloyds PPI forecasts
Barclays said this raised questions about the potential for capital distribution given that the half-year dividend was already just 0.75p.
02/02/2016
HSBC share price: Bank loses appeal against tax-evasion probe in France
Lender ‘disappointed’ as French court rejects its requests
02/02/2016
Egypt, Russia, UAE to sign deal on joint investment fund tomorrow
The signing ceremony will take place during the 10th session of the Egyptian-Russian Committee meetings.
02/01/2016
Growing law firm keeps it in the family
Ayesha Vardag is known as the ‘Diva of Divorce’ after acting for heirs and heiresses, tycoons, footballers, celebrities and royalty in big-ticket financial legal cases.
02/01/2016
Banks reach $154.3 million settlement on "dark pool" fraud
The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning.
02/01/2016
Cameron hopes on Brexit deal rise after Tusk meeting
The European Commission has drafted texts confirming that the current situation in Britain justifies an “emergency brake”.
02/01/2016
AIMA calls for Regulatory Reforms to support Non-Bank Finance
AIMA makes the case that rules should allow greater asset managers’ participation in securitisations in order to support the supply of finance to small and medium-sized enterprises.
02/01/2016
Deloitte launches regulatory and investor reporting service
Business advisory firm Deloitte has launched a new service targeting investment managers, banks and insurance firms struggling to navigate the growing wave of complex marketing regulations and tax rules.
01/29/2016
Barclays has been hit with a lawsuit for nearly a £1bn
The bank said in a statement: “We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it.”
01/29/2016
Finally! City regulators investigate former HBOS bosses
More than seven years after the collapse of HBOS, City regulators have begun an investigation into the failed bank's former bosses.