02/24/2014
UBS seeks immunity as US and EU probe currency market rigging
UBS is seeking immunity in the US and European Union as part of the global investigation of currency markets
Legal, Regulation & Compliance
02/24/2014
Speechly Bircham and Charles Russell in merger talks to create £126m firm
If the tie-up goes ahead, the combined firm will consist of about 176 partners and have combined revenues of £125.9m.
02/24/2014
National law firm appoints new Head Of Real Estate
The team is well known in the market and acts for a wide variety of banks, funds and leading property companies.
02/24/2014
Pannone partners face three-year lock-in at Slater & Gordon
Partners who moved to Slater & Gordon as part of its acquisition of Pannone are to be locked into the firm for three years under the stringent terms imposed on the new joiners.
02/21/2014
SocGen Appeals Amount of EU Fine on Euribor Probe
The appeal "relates to the method of calculation used by the European Commission to determine the amount of the sanction imposed on Societe Generale.
02/21/2014
Investors with investments linked to Bernard Madoff
Investors with investments linked to Bernard Madoff may have the opportunity to claim compensation.
02/21/2014
Deutsche Bank Settles Dispute for $1.06 Billion
Deutsche Bank said on Thursday that it would pay more than 775 million euros, or about $1.06 billion, to the heirs of the late media mogul Leo Kirch to settle a long-running dispute over the collapse of his empire.
02/20/2014
Deutsche Bank moves closer to settling Kirch dispute
Deutsche Bank is close to a 900 million euro deal to settle a dispute with the heirs of late media mogul Leo Kirch,
02/20/2014
Withers survey shows need for greater weight to pre-nup and marital property rules
The survey reveals that many jurisdictions recognise and embrace the advantages of autonomy and freedom of choice within marriage and its possible breakdown.
02/20/2014
Investors and Royal Bank of Scotland Agree to $275 Million Settlement
Pension funds-led litigation results in third largest MBS class action payment
02/20/2014
MiFID II forces firms to disclose total investment cost to clients
The passing of the revised Markets in Financial Instruments Directive into law has made it compulsory for UK investment firms to disclose the total cost of their investments to their clients.
02/20/2014
RBS suspends third senior trader during investigation of rates rigging
The inquiry into online communications between traders and allegations of manipulating benchmark currency rates known as "fixings" has seen more than 20 traders at many of the world's biggest banks put on leave, suspended or fired.
02/20/2014
Generali mandates CEO to take legal action against former execs
The decision follows a November request by Italian insurance regulator IVASS to carry out an assessment of actions
02/19/2014
Spain’s biggest lender Santander fined €16.9 mn for mis-selling
Spanish banking has suffered another blow, after its biggest lender Banco Santander was fined €16.9 million for not revealing to some bond buyers “necessary information” ahead of the financial crisis.
02/19/2014
European regulations mean additional costs and pressure to outsource
Two-Way Street
02/18/2014
Basel III to 'indirectly impact' hedge funds
Managers must be aware of how the new capital rules will shape the hedge fund/prime broker relationship, says JPMorgan
02/18/2014
Regulators look to increase scrutiny of large fund groups
Discussions took place in London last week at the FCA headquarters following an earlier consultation process started in January by the Financial Stability Board and the International Organisation of Securities Commissions.
02/18/2014
Banks review private account trading by forex traders
In a crackdown on currencies traders, financial institutions including Royal Bank of Scotland, Deutsche Bank and UBS are reviewing the rules governing how traders make bets with their own money.
02/18/2014
Leading Private Equity Partner Joins Latham & Watkins In London
New partner further enhances private equity credentials.
02/17/2014
Benjamin Wilson Gets 7 Years Imprisonment For Fraud, Forgery and Deception
Benjamin Wilson of Southern England, has been found guilty by the UK’s financial regulator, the Financial Conduct Authority for conducting fraud.