Ex-Autonomy CEO Faces $5B Trial Over HP Accounting Fraud
Mike Lynch, the founder of software business Autonomy, is set to appear at London's High Court in a multibillion-dollar accounting fraud trial starting Monday over U.S. tech giant Hewlett Packard's disastrous acquisition of his company in 2011.
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The European Commission said Friday that it has approved plans by Marsh & McLennan to buy its rival broking giant Jardine Lloyd Thompson Group for $6.4 billion, on the condition that JLT ditches its aerospace insurance business to address antitrust concerns.
Credit insures are being hit with their highest level of claims for bad debt in more than a decade as U.K. businesses continue to feel the knock-on effects after a series of major company collapses, new figures from the Association of British Insurers revealed on Friday.
A judge has transferred a massive swipe fees dispute, in which Visa and Mastercard are accused of overcharging merchants, local councils and companies on card purchases, to the U.K.'s specialist competition tribunal.
This week’s record £27.6 million ($34.8 million) fine against UBS for misreporting 136 million transactions has underlined the need for banking compliance teams to focus on their trading desks if they hope to avoid falling foul of Europe’s formidable securities rules.
European Union leaders said Thursday that Britain will be allowed to delay its departure from the bloc until May 22 on the condition that the government's withdrawal agreement gains parliamentary approval in the U.K. next week.
Britain’s top appeals court has ruled that an individual who seeks to set aside a judgment on the grounds that it was fraudulently obtained does not have to demonstrate that the fraud could not have been discovered with reasonable due diligence, resolving a "bare-knuckle" conflict between two legal principles.
Financial services companies in Europe must register with the Financial Conduct Authority before March 29 if they want to continue serving clients in the U.K., the watchdog said, as it warned that it cannot rule out "volatility and disruption" if there is a no-deal Brexit.
Britain’s financial watchdogs and Europe’s top banking authority have said they will seal an agreement to allow them to cooperate and share information in regulatory investigations if the U.K. crashes out of the EU without a deal.