01/03/2012
City watchdog targets big names
The banks were also ordered to pay at least £160m in compensation to harmed investors, up from £62m in 2010.
Legal, Regulation & Compliance
01/02/2012
MF Global clients accuse FSA of foot dragging
The City regulator is under growing pressure to launch a review into its handling of MF Global's UK administration amid accusations it neglected clients of the failed broker.
01/02/2012
Former Lloyds bosses to be sued over HBOS takeover
Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis.
01/02/2012
Hungary tells EU no central bank merger until 2013
"The government does not intend to use the option to merge the central bank with the market regulator" until current central bank governor Andras Simor's mandate expires
12/30/2011
Alleged fraud by Warburg Pincus execs to be investigated by FSA
The Financial Services Authority has been passed documents claiming that individuals working for Warburg Pincus International (WPI) behaved in ‘an unlawful way’ over a failed property deal in which millions of pounds disappeared.
12/29/2011
Manhunt for florist who masterminded £1.3m Barclays bank fraud
A manhunt was underway today for a florist who vanished shortly before he was given a jail term for masterminding a £1.3m fraud at Barclays banks across Middle England.
12/28/2011
When to Go Above The Boss's Head
His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.
12/28/2011
Regulation roundup 2011: FSA struggles as RDR approaches
The FSA has had to contend with a year of investment scandals as it tries to lay the foundations for the RDR.
12/26/2011
PricewaterhouseCoopers faces up to £1m fine over JP Morgan Securities' audits
Sources close to the case claim the fine will be between £500,000 and £1m, which is around 2pc of the £34m initially envisaged by some.
12/26/2011
How a wealth tax would pay dividends for Nick Clegg
A Christmas card with a difference has been sent to Liberal Democrat ministers and spokesmen: a prompt card listing key points they must make in every media interview.
12/26/2011
FSA data reveal lack of overseas enforcement action
Data supplied following a Freedom of Information Act request reveals that the regulator has sought just one extradition over the last five years.
12/21/2011
Seymour Pierce hit with record fine
Seymour Pierce has been hit with the biggest fine in the 16-year history of the London Stock Exchange's junior AIM market for failing to properly advise companies under its stewardship.
12/19/2011
Dealing with the taxman
The public are furious that some of Britain’s biggest companies appear to have done deals with HM Revenue and Customs that have allegedly cut billions of pounds from their tax bills.
12/08/2011
Swiss village wins tax break thanks to billionaire
The village council voted this week to cut locally levied income tax from 79 to 72 per cent after finding the municipal coffers had amassed a Sfr60million (£41m) surplus, amounting to Sfr12,000 (£8,300) for each of the community’s 5,200
12/08/2011
German police investigating 'parcel bomb' sent to Deutsche Bank chief
Mr Ackermann is the face of capitalism in Germany and is one of the few senior managers in the country who is always surrounded by bodyguards.
12/08/2011
Hargreave Hale employee settles 'bullying' lawsuit against New Star boss
Evershed claimed that during his time at New Star Duffield called his staff 'morons' and 'criminals'
12/07/2011
Former lawyer of Princess Diana faces jail over £17.5m fraud
The Swiss bank was told the cash would be used to fund the development of a luxury Turkish resort where footballers Wayne Rooney and Ronaldinho had bought villas.
12/06/2011
Ex-Mishcons partner convicted of forgery and fraud
Steele was convicted at Southwark Crown Court Monday (5 December) and is set to be sentenced on 9 January 2012.
12/05/2011
Former partner accuses Big Four accountant of corruption
The claim in the High Court relates to his employment by E&Y’s Russian practice.
12/02/2011
US watchdog charges money manager
Prosecutors in Manhattan alleged that Michael Balboa, a former managing director at London's Millennium Global Investments Ltd., directed two others to substantially inflate the prices for some debt held by the Millennium Global Emerging Credit Fund