08/12/2013
German watchdog readies Deutsche Bank Libor report-source
Deutsche Bank to receive Libor report from Bank watchdog
Legal, Regulation & Compliance
08/12/2013
Russell-Cooke strengthens private client practice
Russell-Cooke has strengthened its Private Client practice with the hire of its 8th Partner
08/11/2013
European banks need to sell £2.8 trillion of assets
Banks in Europe will need to slash €3.2 trillion (£2.8tn) of assets from their balance sheets over the next five years to meet new regulations designed to minimise the risk of further banking collapses in future.
08/11/2013
FCA concerned about exec-only commission model
The board was discussing "whether the continuation of commission payments for non-advised retail investment sales created potential risks".
08/11/2013
Financial firms forced to set targets for women on boards
The UK's largest financial firms will be forced to set targets for the number of women on their boards from 2014, under proposals outlined by City regulators.
08/10/2013
More trouble in store for UK banks
A list of all the potential legal problems and investigations facing our big financial names makes daunting reading
08/10/2013
International business law firm hires Davenport Lyons finance partner
International business law firm has strengthened further its leading finance group by hiring a partner from Davenport Lyons.
08/09/2013
US prepares to charge London bankers in JP Morgan trades case
The charges would mark a dramatic escalation in the wake of the revelation last year
08/08/2013
London Whale 'won't face charges over $6.2bn loss at JPMorgan'
Bruno Iksil, the “London Whale” trader at the centre of JPMorgan’s largest ever trading loss, will not face charges over the incident, according to reports.
08/08/2013
FCA fines Guaranty Trust Bank £525,000 for failures in its anti-money laundering controls
Banks are at the front line in ensuring the proceeds of crime do not enter the UK financial system.
08/07/2013
Bonelli moves banking partner to London to reinforce international offering
Bonelli has also hired the general counsel of contracting company Ansaldo, Mauro Gigante, as an of counsel in Milan. Gigante will work regularly with the London office.
08/07/2013
FCA fines compliance officer and broker a combined £116k
The FCA said it considered the case to be particularly serious
08/07/2013
King & Wood Mallesons and SJ Berwin advise IRESS on acquisition of Avelo FS Holdings
Less than one week after announcing their merger, King & Wood Mallesons and SJ Berwin are joining forces to advise ASX-listed IRESS on its acquisition of Avelo FS Holdings, a provider of financial services technology in the UK.
08/06/2013
FCA cancels permissions of Goldthorn after compulsory liquidation
The Financial Conduct Authority (FCA) has cancelled the permissions of insurance and mortgage broker Goldthorn Mortgage & Insurance Services following the liquidation of the company.
08/06/2013
UK watchdog launches second Grant Thornton investigation
Britain's accounting watchdog has launched its second investigation in as many days into Grant Thornton, the auditor and advisory firm named in a legal battle between property mogul Vincent Tchenguiz and the Serious Fraud Office.
08/05/2013
Bank faxed customer details to wrong people for years
Private details of dozens of Bank of Scotland customers, including bank statements and passport copies, were repeatedly faxed to wrong numbers for four years
08/04/2013
Legal costs mount for Europe's banks
Many of Europe's top banks have more than tripled their provisions for litigation and regulatory expenses over the past year
08/03/2013
Fraud bosses 'should return £1million pay-offs'
Three civil servants who left the Serious Fraud Office with ‘golden goodbyes’ worth £1million have been urged to hand money back to taxpayers.
08/03/2013
LME and Goldman face suit over metals 'monopolism'
The lawsuit alleges "anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices
08/02/2013
Bank of England gives lenders six years to plug £121bn black hole
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.