03/13/2012
Tunbridge Wells HSBC manager jailed
The ex-HSBC bank manager who stole a friend's identity while committing large-scale fraud has been jailed for three years.
Legal, Regulation & Compliance
03/13/2012
HBOS failures raise questions about senior City figures
Former top managers at HBOS said the Financial Services Authority’s (FSA) report into “misconduct” in HBOS’s corporate division had put members of the bank’s former audit and risk committees under the spotlight.
03/12/2012
British banks hit by new mis-selling scandal
The businesses claim the banks profited at their expense from pushing them to take out highly complex interest rate derivatives.
03/12/2012
Herbert Smith and McGuireWoods on standby for Lloyds shareholder dispute
Providing Lloyds Action Now (LAN) acquires funding, Nahal will pursue the case against former Lloyds TSB directors for allegedly misleading investors over its merger with Halifax Bank of Scotland (HBOS) in 2008.
03/12/2012
Bank of Scotland slammed by FSA for high-risk strategy
It said the bank was too optimistic over bad debts and did not take "reasonable care" to control its affairs.
03/12/2012
HBOS bosses beware! Bank escapes fine due to taxpayer stake
The FSA said the corporate division took too many risks from the start of 2006, leaving it vulnerable to the financial downturn.
03/12/2012
Scots conman plots to reveal secrets of massive bank swindle after early release
The 34-year-old from Livingston, West Lothian, has been ordered to pay back £1,984,794 after a proceeds of crime investigation by City of London Police.
03/12/2012
Societe Generale SS offers new package of “SOLVENCY II” services
The frequency and level of data to be provided mean that new requirements for information, both quantitative and qualitative, will have to be met.
03/09/2012
Freshfields and Norton Rose join A&O and Kirkland on Misys bids
Both are longstanding clients of their respective advisers, which are acting opposite Allen & Overy (A&O) in the lead role for Misys.
03/09/2012
Herbert Smith set for lead role on multibillion-pound Lloyds lawsuit
The case will be launched in the coming weeks, dependent on funding being obtained by the claimants - shareholder group Lloyds Action Now (LAN) - with the action expected to reach trial in the next two years.
03/09/2012
Cleary, Clifford Chance Grab Roles on $3 Billion in Bank Asset Sales
Cleary Gottlieb Steen & Hamilton and Clifford Chance are advising banking giants BNP Paribas and HSBC Holdings, respectively, on the sale of combined assets worth a total of almost $3 billion.
03/08/2012
FSA warns of crackdown on move to non-advised models
Regulator keeping a watchful eye on advisory models to ensure IFAs are not avoiding the incoming trail ban.
03/08/2012
FSA bans former FD of Royal Liver Assurance but he escapes £1m fine
Between May 2009 and November 2009 McGregor entered into contracts on behalf of RLA with two companies which were controlled by a former employee of RLA.
03/07/2012
Vince Cable confirms 'negotiations' over axeing 50p tax rate
Business organisations and many Tory MPs want the 50p tax on earnings over £150,000, brought in by Labour, axed.
03/07/2012
Could the FSA learn a lesson from FIFA?
One particular area of concern is the movement of young players amongst concerns about child trafficking.
03/07/2012
FSA slams seven men for insider trading
According to the UK financial watchdog, the alleged used inside information to place bets on companies shortly before takeovers were announced, resulting in galloping more than GBP1m.
03/07/2012
IVSC Consults on New Fairness Guidelines
The IVSC has today issued draft new guidelines on the provision of fairness opinions.
03/06/2012
New FATCA regulations are out, institutions must act fast
The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.
03/06/2012
FSA investigation includes WH Ireland
WH Ireland has come under the scrutiny of the financial regulator as part of its biggest ever investigation into insider dealing, which is codenamed Tabernula.
03/06/2012
Berkeley Law strengthens CIS offer with two hires
Berkeley Law, the London based law firm specialising in wealth advice for high-net-worth individuals in the UK and overseas, has strengthened its offering for CIS clients