09/15/2013
Barclays Braced For Fine Over Qatar Deals
Barclays is seeking to raise almost £8bn from investors through a combination of new shares and bonds
Legal, Regulation & Compliance
09/15/2013
HSBC Joins Morgan Stanley in Plan to Screen for Money Laundering
The service will allow banks to start new trading relationships faster and cut costs by sharing expenses, according to the statement.
09/15/2013
Devereux Chambers announces the arrival of tax specialist
Devereux Chambers continues to expand its pool of specialist tax counsel with the arrival of Jolyon Maugham from 11 New Square.
09/14/2013
Esma to be stripped of power to ban short selling
The legal opinion is non-binding but the ECJ normally agrees with the advocate general
09/14/2013
Axa Wealth fined £1.8m over advice failures
AXA fell short of its responsibilities to its customers, many of whom were elderly, retired and financially inexperienced
09/12/2013
Stephenson Harwood Advises Baker Tilly on acquisition of RSM Tenon Group
The acquisition completed on 2 September 2013.
09/11/2013
Advisers back Garnier over RDR review
Advisers say they would warmly welcome any Treasury select committee review on the impact of the RDR but stress that any inquiry needs to allow time for the initiative to bed in.
09/11/2013
KPMG Warns Over £50 Billion ‘Basel 4′ Capital Hole
The latest salvo in the leverage ratio lobbying battle was fired Thursday by KPMG – with the consultancy group warning that major U.K. banks may have raise £50 billion ($78.5 billion) in capital as regulators look to restrict the size of thei
09/11/2013
EU makes Libor rigging punishable with fines and bans
The market abuse rules are also extended to cover electronic trading such as "high-frequency"
09/11/2013
Deutsche Bank ordered to rehire traders unlawfully sacked in Libor probe
Deutsche Bank has been told to rehire four traders who were unlawfully fired as part of the lender’s investigation into the manpulation of interest rates.
09/11/2013
UK wins victory over EU short-selling rules
The UK has reached legal milestone over short-selling rules in the European Union
09/10/2013
Lloyds Banking Group raids Swiss Private Bank for disputes chief
The day after customers of Lloyds TSB saw the bank split from its parent company in one of Britain’s most high-profile banking shake-ups.
09/10/2013
Pinsent Masons bolsters insurance disputes team with double hire
International law firm Pinsent Masons has strengthened the firm's financial services offering
09/10/2013
BLP lawyer heads in-house at Ashby Capital
Real estate investment fund Ashby Capital has recruited a former Berwin Leighton Paisner corporate associate Tom Hill as in-house legal counsel.
09/10/2013
Luxury NYC property sought in Russian fraud case
U.S. authorities are looking to seize pricey Manhattan real estate linked to a tax fraud they say was uncovered by a whistleblowing Russian lawyer before he died behind bars.
09/09/2013
Barclays To Pay $36m To Settle Subprime Mortage Claims
Barclays has agreed to pay $36.1m to settle charges it hurt US homeowners by packaging subprime mortgages that the borrowers could not afford
09/09/2013
Deutsche Bank Faces Hearing Over Fired Euribor Traders’ Claims
Deutsche Bank AG faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.
09/09/2013
Bakers Seals Hire of McDermott's Head of European M&A
Baker & McKenzie has sealed the hire of McDermott Will & Emery's head of European M&A, Mats Sacklen
09/08/2013
From the vaults: making the news in years gone by
Prosecutors opened their criminal case against former UBS trader Kweku Adoboli, blamed for unauthorised trading that caused the bank a loss of up to $2.3 billion,
09/08/2013
Covington Expands European Financial Services Offering
Covington & Burling is pleased to announce that Charlotte Hill has joined the London office as partner, strengthening the firm’s ability to advise clients on EU and UK financial regulatory matters.