05/16/2014
City broker fined £1.3m over Libor rigging
Interdealer brokers are expected to act as trusted intermediaries and are key conduits of market information
Legal, Regulation & Compliance
05/15/2014
Italy top court orders reassessment of Monte Paschi, Nomura deal
Italian prosecutors investigating the derivative contracts at Monte dei Paschi ordered in April 2013
05/15/2014
US prosecutors take harder line against European banks
The US Justice Department is seeking tough criminal penalties against European giants Credit Suisse and BNP Paribas as prosecutors aim to demonstrate that no institution is "too big to jail."
05/15/2014
Finally bringing bankers to book: David Green flexes muscles at helm of Serious Fraud Office
We should not be entirely surprised by Green’s willingness to question some of the biggest names in finance including former Barclays chief executives
05/15/2014
IMA's pounds and pence fee plans approved by regulator
Proposals that will see fund managers break down profits and losses in pounds
05/14/2014
Clifford Chance Announces New Partnership Council Member
Clifford Chance has today announced that Munich Finance partner
05/14/2014
Hogan Lovells to shut up shop in Prague
Hogan Lovells is to close its Prague office this summer following a strategic review of the market
05/14/2014
Jonathan Brook joins Eversheds’ London litigation team as partner
Eversheds has expanded its London litigation team with the appointment of partner Jonathan Brook, who joins from Freshfields.
05/14/2014
Senior trader’s career mistakenly ruined by FCA
Traders in the City of London who have been affected by the LIBOR and FX-fixing investigations can draw comfort this morning from the case of Clive Roberts, the former head of equities at Exane BNP Paribas.
05/14/2014
Rathbones buys law firm as it continues hunt for opportunities
The company said the purchase would ‘add depth to the range of its advisory services’. Rooper & Whately was founded by trust planning specialists Matthew Wakefield and Julian Whately in 2009.
05/14/2014
Esma seeks to improve access to swaps data
Europe’s securities regulator is in the early stages of a project to improve the ability of national regulators to access swaps trading data, following a troubled start for the region’s trade reporting regime.
05/14/2014
Clifford Chance, Linklaters take on Shearman in battle for Bridgepoint
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships.
05/14/2014
Linklaters ponders Shanghai free trade zone entry
Legal reforms which have been promised for the Shanghai free trade zone have proved slow to appear and could be holding up some investment including a possible local firm tie-up by Linklaters.
05/13/2014
SocGen appeals Euribor fine
French bank Societe Generale has appealed against the 445.9 million euro fine it paid last year for manipulating benchmark interest rates, saying regulators had miscalculated it.
05/13/2014
Capita eclipses rivals to win £1.1bn of first-quarter business
Capita has eclipsed its outsourcing rivals Serco and G4S to win £1.1bn of work in the first quarter of this year, with new clients including Transport for London and the retailer John Lewis.
05/13/2014
RBS's US business files for $100m IPO
Citizens is expected to increase that amount substantially once bankers start testing investor demand.
05/13/2014
Lloyds in hot water over "crime boss" loan
However Lloyds Bank, which is required to vet applicants, failed to blacklist Hunt.
05/13/2014
Clydesdale Bank launches panel review following restructure
Firms already on Clydesdale’s national and regional rosters
05/13/2014
FCA one year on – effective regulation goes hand-in-hand with sustainable businesses by Clive Adamson, FCA Director of Supervision
Speech by Clive Adamson, FCA Director of Supervision, at the Building Societies Association (BSA). This is the text of the speech as drafted, which may differ from the delivered version.
05/13/2014
FCA reviews how fund charges are set out
Firms must present their fund charges clearly and consistently, the Financial Conduct Authority said today, so that retail investors are able to compare charges before making decisions on where to invest.