12/09/2012
HSBC, Standard Chartered Close to Resolving Iran Claims
A Senate committee said in July that failures in London- based HSBC’s money-laundering controls allowed terrorists and drug cartels access to the U.S. financial system.
Legal, Regulation & Compliance
12/06/2012
UK law firm appoints new head of private client department
He will manage the private client department offering a range of services
12/06/2012
Bank staff still mis-selling products
Major mis-selling scandals have failed to stop banks pressurising their staff into pushing products which may be unsuitable, Which? claimed today.
12/06/2012
Addleshaws reports 3% dip in H1 fee incom
Managing partner Paul Devitt said: "We anticipated a slower start to this financial year than last, given how strongly we started last year, and certainly market and competitive pressures remain significant.
12/06/2012
Partners agree to Dickinson Dees and Bond Pearce merger
Creating a major new law firm, Bond Dickinson will have an income of approximately £95m, 1200 staff and operations in eight UK wide locations.
12/05/2012
Hogan Lovells and Linklaters take brilliant cut on Graff Diamonds refinancing
The package from a trio of banks follows the company’s decision to pull its $1bn listing in Hong Kong in May
12/05/2012
Ex-Deutsche Bank staff say bank hid $12bn losses
Three former Deutsche Bank employees have filed complaints with the US securities regulators claiming the bank failed to recognize up to $12 billion (£7.46 billion) of unrealised losses during the financial crisis.
12/05/2012
Standard Chartered expects further $330m Iran fine
The New York regulator had accused the bank of leaving the United States “vulnerable to terrorists
12/05/2012
Tax avoidance targeted by European Union
Some big companies take advantage of these loopholes to avoid paying millions of euros in tax
12/04/2012
Stephenson Harwood files £200m SFO damages claim for Tchenguiz Family Trust
The SFO has instructed 5 Essex Court silk Jeremy Johnson QC to defend a £200m damages claim brought by businessman Vincent Tchenguiz.
12/04/2012
Britain threatens to veto EU bank supervisor
Britain has threatened to veto the creation of a new eurozone banking supervisor unless the European Union also agrees to protect the City of London from protectionist financial regulation.
12/04/2012
UK lags behind the rest of the EU in preparing for SEPA Direct Debit
Many organisations to miss out on benefits, impacting EU competitiveness, finds study from Steria and EDC
12/04/2012
PwC General Counsel to join Norton Rose in January 2013
He joins from PwC where he is General Counsel and has been a member of the UK firm"s Executive Board for the past ten years.
12/04/2012
Operating Principles and Areas of Exploration in the Regulation of the Cross-Border Derivatives Market - ESMA
Operating Principles and Areas of Exploration in the Regulation of the Cross-Border Derivatives Market
12/04/2012
Baker & McKenzie remains leading law firm brand among in-housers
The findings form part of Acritas’ third annual ranking of the strongest global law firm brands which clearly shows that internationalisation holds the key to law firm brand strength.
12/04/2012
FSA to appoint administrators to oversee Libor submissions
By making the act of administrating Libor a regulated act, the FSA has proposed removing the British Bankers
12/03/2012
Fund industry could take up to a decade to alter fees model
Levels would be determined by market forces but warned a drop in fees would not happen immediately.
12/03/2012
Linklaters accounts reveal £2.5m payout for 2011-12's top earner
The firm this summer reported a 1.5% increase in average profits per equity partner to £1.243m.
12/03/2012
George Osborne targets ‘cowboy’ tax advisers and their schemes to shelter wealth
Tax avoidance is estimated to cost the country a staggering £32 b illion a year. Further action to shut loopholes is expected on Wednesday in the Chancellor’s Autumn Statement.
12/03/2012
Linklaters' Aussie alliance partner names new chairman
He will begin his term as chairman on 1 January 2013.