08/02/2013
The PRA also claimed that an unknown number of investment banks face a shortfall of up to £29bn. These include US giants Goldman Sachs and JP Morgan, which both have large operations in the UK.
08/01/2013
Killik described the bill as a ‘large payment’ and said its size came down to the portion of costs it had to pay in order to compensate clients for the failure of other financial institutions.
08/01/2013
An examination of the European Insurance and Occupational Pensions Authority’s assessment of the future of Solvency II by Standard & Poor’s has led to claims that “numerous hurdles remain” ahead of a planned 2016 implementation
07/31/2013
The deal is valued at up to £5.99 million and is to be satisfied partly in cash
07/30/2013
The FCA with the assistance of the Metropolitan Police has this morning executed search warrants in West London.
07/30/2013
Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees
07/30/2013
The combination will produce one of the top 25 law firms in the world by revenue, with 553 partners, 2,233 lawyers and 30 offices. Total turnover will be more than $1bn.
07/30/2013
The High Court ruling is an embarrassment for Prince Alwaleed bin Talal
07/29/2013
The preliminary findings of a British regulatory probe into its commercial agreements with Qatari investors
07/29/2013
he court action we have taken focuses on two investment schemes
07/28/2013
FCA is looking to return any money it makes from fining the directors of Arch Financial Products back to investors.
07/27/2013
More specifically, investigators are looking into £66M in fees supposedly paid to Qatar and allegations the bank loaned Qatar the money it invested in Barclays.
07/26/2013
Court tells Grant Thornton to release Tchenguiz reports
Accountancy firm Grant Thornton must release sensitive reports to property tycoons Vincent and Robert Tchenguiz
07/25/2013
How firms are implementing the RDR
Six months after introducing the Retail Distribution Review (RDR), we are publishing our findings on how firms are approaching it.
07/25/2013
This report sets out our obligations relating to anti-money laundering, our approach to carrying out those obligations, and the trends and emerging risks in money laundering that we are seeing in the firms we regulate.
07/25/2013
Last year, the regulator conducted a year-long review into retail banks and found a number of failings in incentive schemes, resulting in an investigation into Lloyds Banking Group.
07/25/2013
The Serious Fraud Office (SFO), under pressure to nail those responsible for manipulating the benchmark interest rate that helps oil the wheels of global finance, said on Thursday it would not shy away from high legal hurdles to punishing corporations.
07/24/2013
Italy and the Vatican are about to reach a deal allowing for the first time regular exchange of financial information between the two states to combat money laundering, several sources with direct knowledge of the situation
07/23/2013
Hogan Lovells will be opening an office in Luxembourg on 1 August as part of its strategy to continue to grow its funds and tax practices and develop in markets that are key to the firm's clients.
07/23/2013
The two men were charged with breach of trust and false accounting over the Omega 55 transaction