10/20/2014
US-based employee benefits giant Arthur J Gallagher acquired the insurance broking and wealth management specialist in April 2014 in a deal worth £199m, in what was described by UK chief executive Tim Johnson as a ‘game-changer’.
10/20/2014
In just 36 hours last week, a crack widened into a chasm between two key regulators on the issue of bankers’ pay. Closing that gap is going to take a very long time.
10/20/2014
Shareholders have gone from getting 60 cents for every dollar in pay for staff before the crisis to getting 25 cents per dollar in 2013.
10/20/2014
The Guernsey Financial Services Commission (GFSC) has welcomed the Group of International Finance Centre Supervisors' (GIFCS) new benchmark for the regulation of trust and corporate service providers (TCSPs).
10/20/2014
Following the sale, Friends Life intends to return the full £317 million to shareholders via a buy-back of Friends Life's shares.
10/19/2014
As part of the continued international focus on combatting cross-border tax evasion and other financial crimes, during the June 2013 Lough Erne Summit presided over by the United Kingdom (G8 Summit), the G8 countries agreed to a set of principles intended
10/18/2014
USB accused of using family name to establish 'sham' foundation, rather than looking for surviving relatives.
10/17/2014
Sir George Mallinckrodt, retired head of the huge merchant bank, handed over jewellery and cash in alleged 'doorstep fraud' at his Chelsea home
10/17/2014
It is a sign that JPMorgan is close to settling enforcement action, which is being led by authorities in the UK and US and affects more than 15 banks.
10/17/2014
The final deal covered £50 million in liabilities and around 350 plan members for the London-based firm and its Ofcom (former ITC) Staff Pension Plan Ofcom is the regulator for the U.K. communications industries.
10/17/2014
The UK Government has at last published the changes that are being made to the Tier 1 (investor) visa route, and we can confirm that the minimum financial threshold is being increased to £2 million. This will not apply to existing holders of the vis
10/17/2014
The Standard, the first of its type, introduces a new minimum benchmark for businesses administering international trusts and companies to follow. It was formally adopted at GIFCS’ Plenary meeting last month.
10/16/2014
BLP corporate finance partner exits for McDermott
She was previously seconded to the energy company's London office.
10/16/2014
As federal prosecutors began laying out their case against ex-wealth management head Raoul Weil for conspiring to conceal $20 billion in Americans' assets from the Internal Revenue Service.
10/16/2014
The winners are chosen by an independent panel of judges
10/16/2014
Europe’s top banking regulator moved to close a loophole that allows banks to sidestep limits on bonuses by awarding staff payments under different names.
10/16/2014
Addleshaw Goddard has appointed Tim Wheldon and Malcolm Pike as office heads in Leeds and Manchester respectively in the firm’s latest management change.
10/15/2014
The measure is undoubtedly a positive step for the UK fund industry.
10/15/2014
The change means that if a hedge fund, for example, wants to borrow $100 from a bank, it must now provide collateral worth at least $106.
10/15/2014
The high-profile trial, due to last 10 to 12 weeks, comes at a time of renewed scrutiny of Britain's Serious Fraud Office (SFO), with fresh questions asked this week in parliament about its competency and fitness for purpose.