Italian construction giant Cimolai has settled a €10.6 million ($11.4 million) claim from Ebury Partners over foreign exchange contracts that the steel pipe manufacturer signed in 2022.
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TOP NEWS

Construction Giant Cimolai Settles €10.6M Forex Dispute

By Eddie Beaver

Italian construction giant Cimolai has settled a €10.6 million ($11.4 million) claim from Ebury Partners over foreign exchange contracts that the steel pipe manufacturer signed in 2022.

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Ex-Goldman Banker Fights US Extradition On Bribery Charges

By Christopher Crosby

A former Goldman Sachs banker wanted in the U.S. for allegedly bribing Ghanaian officials fought the decision by the U.K. to extradite him on Thursday, arguing that the alleged offense took place in London when he was an employee of the investment bank. 

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Watchdog Preps Rules For Banks To Repay High-Value Fraud

By Alex Davidson

The payments watchdog has set out plans to extend its fraud reimbursement scheme to high-value bank transfers through the CHAPS system, reducing the risk that fraudsters will move there to avoid detection.

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LITIGATION

Ex-Goldman Banker Fights To Overturn Contempt Ruling

By Ronan Barnard

A former Goldman Sachs banker urged a London appellate court panel Thursday to overturn a ruling that he had breached court orders to hand over information about the financial assets of the wife of an imprisoned Turkish politician. 

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Royal Bank Of Canada Beats Analyst's Bullying Claim

By Hanna Vioque

The Royal Bank of Canada convinced an employment tribunal to toss discrimination claims from a former employee because he filed his action too late.

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DEALS

BBVA €12B Offer For TSB Owner Sabadell Turns Hostile

By Tom Fish

Spanish banking giant BBVA launched a hostile takeover of Banco de Sabadell on Thursday, approaching shareholders directly with a €12 billion ($12.8 billion) all-share deal after being rebuffed by the rival bank's board.

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Aviva Takes On Construction Co. Pension Scheme In Full

By Joel Poultney

Insurance giant Aviva has secured the benefits of all uninsured final salary members of a pension plan sponsored by a British construction group in a deal guided by CMS.

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LAW FIRMS IN TODAY'S NEWS

CMS Cameron McKenna Nabarro Olswang

Fountain Court Chambers

Freshfields

Furnival Chambers

Janes Solicitors

Outer Temple Chambers

Peters & Peters Solicitors

Quinn Emanuel

Serle Court

Uria Menendez

COMPANIES IN TODAY'S NEWS

Aon PLC

Aviva SA

Banco Bilbao Vizcaya Argentaria SA

Banco Sabadell SA

Banco Santander SA

Deutsche Bank AG

Getty Images Inc.

Heathrow Airport Holdings Ltd.

JPMorgan Chase & Co.

Macquarie Group Ltd.

Morgan Stanley

NatWest Markets PLC

Rothschild & Co. SCA

Royal Bank of Canada

The Goldman Sachs Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

European Central Bank

Prudential Regulation Authority

U.S. Department of Justice

U.S. Securities and Exchange Commission