05/26/2013
FSA fines Prudential £30 million and censures CEO for failing to inform regulator of 2010 acquisition plans
The Financial Services Authority (FSA) has fined companies in the Prudential Group (Prudential)
Legal, Regulation & Compliance
05/25/2013
FSB halts possible bid by Old Mutual to sidestep commission regulations
The FSB says the registrar of long-term insurance has directed Old Mutual to submit a plan detailing the action that it will take to comply
05/24/2013
HSBC’s Flint apology over money laundering scandal
HSBC chairman Douglas Flint publicly apologised to shareholders yesterday for the bank’s failings after it was fined £1.3 billion in December
05/23/2013
Bank chief probed over secret deals
Austrian executive allegedly used Hong Kong firm to buy Singapore flats
05/22/2013
Little Fine for JP Morgan, Big Fish for UK Watchdog
The Financial Conduct Authority (FCA) has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.
05/22/2013
Speechlys pledges third European office opening after Withers talks collapse
We intend to open a third office in a major European location
05/22/2013
Withers and Speechly Bircham call off merger after top-level talks
our strategy of developing our well-established commercial and private wealth practices in an increasingly international context
05/22/2013
SJ Berwin loses finance director to FFW
He will start work at FFW next week
05/21/2013
Linklaters City finance partner quits
Linklaters finance partner Chris Howard is set to leave the magic circle firm to join the London arm of Sullivan & Cromwell.
05/21/2013
Bonelli names new joint managing partners in top-level overhaul
Slaughter and May ally Bonelli Erede Pappalardo has appointed a new management team as part of a wider governance overhaul
05/20/2013
Russia asks Interpol to monitor movements of British hedge fund boss Bill Browder
An Interpol committee will meet on Thursday to decide whether to accept the Russian request
05/20/2013
Amid Spy Scandal, Russia Boots Baker & McKenzie Lawyer
Former Justice Department official and liaison to the U.S. embassy in Moscow, has been expelled from the country.
05/19/2013
Wife wins battle for billion pound hedge fund
Their marriage may have ended in a divorce battle but as business partners their combination led to unprecedented success – worth billions.
05/19/2013
Rosbank Chief Golubkov Placed Under House Arrest
Rosbank board chairman Vladimir Golubkov, charged with bribery, has been put under house arrest until July 16 despite his plea to be released on 50-mln-ruble ($1.6 mln) bail.
05/19/2013
Pension trustee decision-making: Fishing for a solution?
The scope of the Rule has been narrowed by the Supreme Court's judgment.
05/19/2013
SJ Berwin name poised to vanish as King & Wood merger vote looms
SJ Berwin is gearing up for a vote on a global merger with Asia-Pacific firm King & Wood Mallesons (KWM) that would see the UK outfit’s name disappear.
05/19/2013
Majority of brokers believe FCA is merely a rebrand
The survey of more than 150 brokers, carried out by compliance firm UKGI, also found that 20% feared that the FCA would have a negative impact on the industry, while 21% stated that it would have no impact at all.
05/16/2013
Ex-BlackRock Manager’s Arrest May Give FCA Its First Big Fish
The arrest of a former BlackRock Inc. fund manager may move the regulator from small-fry insider-trading cases to its first big fish
05/16/2013
Withers and Speechly settle on proposed name ahead of merger votes
It is currently unclear whether the firms will fully financially integrate
05/15/2013
Head of SocGen’s Russia arm detained on suspicion of taking bribes
Black-clad police with automatic rifles stormed the Moscow offices of Rosbank, French bank Société Générale’s daughter company in Russia, and detained the bank’s chief executive on Wednesday on suspicion of receivin