04/23/2013
Harlequin files for administration
The directors of Harlequin Management Services (South East) Limited have filed a notice of intention to appoint an administrator to the High Court of Justice.
Legal, Regulation & Compliance
04/23/2013
EFG Private Bank reaches settlement with Financial Conduct Authority
EFG Private Bank is disappointed that shortcomings were found relating to the period December 2007 to January 2011, even though it has found no evidence that money laundering actually took place.
04/23/2013
Norton Rose announces 33 global partner promotions ahead of US combination
For the second consecutive year, female partners accounted for a strong percentage of all promotions (42% this year and 44% last year).
04/22/2013
Dechert, Quinn and Weil among revenue risers in growth year for US firms
All but seven saw their UK revenues rise in 2012
04/21/2013
Three more banks to be punished by Financial Conduct Authority for Libor scandal
THE Financial Conduct Authority (FCA), the City’s new watchdog, expects to fine three more banks for Libor manipulation before the end of the year.
04/21/2013
UK turns to court to fight euro zone transaction tax plan
They are concerned about the extra-territorial aspects of the (European) Commission's proposal,
04/21/2013
SJ Berwin promotes five to partner worldwide
Recognising, developing and promoting talent within our firm is a key part of our growth strategy
04/21/2013
Barclays Employee Named in Libor Case Departs
Clement Perrette, the former head of euro rates trading at Barclays, who was linked to the Libor scandal earlier this year in documents related to the regulatory investigation and a subsequent court case, has left the bank.
04/18/2013
Italy's Police at JPMorgan in Milan to Get Documents on MPS Probe
Italian prosecutors are investigating complex structured-finance deals and Monte dei Paschi's 2008 acquisition of Antonveneta
04/18/2013
Privacy and Mobile Apps: Risks and Recommendations - Pinsent Masons
The Working Party concluded by providing a list of minimum requirements each stakeholder must perform and provides further recommendations as to how the risks in this area can be averted and mitigated.
04/18/2013
Clients take little notice of regulation, Hargreaves says
Discount broker sees record results from increased interest in DIY investing
04/18/2013
Arjent seeks £2m from ex-management team in High Court
Arjent, the stockbroker and investment management firm, alleges a variety of misrepresentation and contract claims against Couch, chief operating officer Christopher Deacon and business development head Kevin Spear, Wealth Manager understands.
04/16/2013
Linklaters client RBS loses CoA case against Highland Capital
The case is understood to have cost the bank in excess of £5m by way of legal fees since the litigation began in 2009
04/15/2013
Ex-HSBC worker says bank information shows tax-evasion and money-laundering
Swiss authorities want Falciani, who has French and Italian citizenship, sent back to Switzerland to face charges of allegedly revealing secrets and breach of banking secrecy _ which could lead to a seven-year jail term.
04/15/2013
Chinese banking giant puts legal panel in spotlight
It is understood that the company already operates a roster of advisers in Europe, with the panel in question covering the full range of practice areas.
04/15/2013
Ex-Freshfields chief to join Rothschild as German boss
He will replace Rupert Hengster, who headed the group’s German base since the launch of the asset management arm in the country in 2010.
04/15/2013
Burness bolsters banking team with former Lloyds in-houser
Burness Paull is the result of a merger between Scotland’s Burness and Aberdeen firm Paull & Williamsons
04/15/2013
Banker wins lawsuit against Commerzbank
She is claiming more than 13 million pounds ($20 million) in compensation and damages will be set at a hearing on September 23 and 24.
04/14/2013
Fate of Santander chief linked to new law
The decision may give the Bank of Spain more room to maneuver as it examines cases such as that of Saenz, the CEO of Spain’s biggest bank, because it adds new elements to the criteria for determining banker “honor.”
04/14/2013
EU antitrust chief sees decisions in Libor probe by end of year
Regulators have been looking into charges that traders fixed the interest rates offered on the Euribor and Libor.