04/18/2013
Clients take little notice of regulation, Hargreaves says
Discount broker sees record results from increased interest in DIY investing
Legal, Regulation & Compliance
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.
04/14/2013
Investec warns investors of boiler room scam
Public were being cold called with the bogus offers
04/14/2013
Lawrence Graham loses real estate lit chief to A&O
Prompted by a desire for a fresh challenge
04/14/2013
Reed Smith adds to City structured finance team with CC partner
High volume of partner moves between firms’ structured finance practices
04/14/2013
FSCS levies will 'fall within in two years'
Costs of failed life-settlement investment firm
04/11/2013
Scandal-hit KPMG could face probe over HBOS audit
KPMG - already facing scandal in the US - is under renewed pressure with the audit regulator considering an investigation into how it examined the accounts of failed bank HBOS.
04/11/2013
Senior RBS Executive in Japan Expected to Resign in Libor Scandal
The Securities and Exchange Surveillance Commission of Japan asked local regulators last week to issue a so-called administrative action against R.B.S., which is based in Edinburgh, after some of its traders attempted to alter a key benchmark rate for fin
04/11/2013
Billionaire Sues FTI Over Soros Smear Campaign Claim
FTI said the claims were without merit.
04/11/2013
A&O makes up 19 to partner around the world including six in London
This year's round comes after the firm made up 23 new partners in 2012, including nine female promotions. Just two of this year's new partners are women.
04/11/2013
Austria finance minister turns heat on UK 'tax evasion'
Maria Fekter said the EU cannot force Austria to reform its banking secrecy laws without also forcing the UK to crack down on tax havens in its jurisdiction
04/11/2013
Swedish regulator urges more transparency on risk weights
At issue now for many global regulators and investors is that letting banks use their own risk models to calculate the buffers they need could undermine the confidence-boosting effect of higher capital ratios.