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A former Clifford Chance lawyer and his Goldman Sachs analyst brother used insider information to "gamble on the stock exchange" with money they unlawfully obtained from a U.K. lender, the Financial Conduct Authority told jurors at a London trial on Thursday.
A City solicitor was hit with a nine-month suspended prison sentence at a London court on Thursday for tipping off a client about an anti-money laundering investigation by the Serious Fraud Office.
The Competition and Markets Authority can open a fresh investigation into Apple and Google's mobile browser and cloud gaming services, the Court of Appeal ruled Thursday, overturning a decision that the antitrust regulator had no power to launch the inquiry.
The Solicitors Regulation Authority said on Wednesday that it will not introduce a one-off levy on solicitors to compensate clients of Axiom Ince — although the regulator might ask solicitors to chip in when they renew their practicing certificate in 2024.
The High Court dismissed on Wednesday claims by two U.S. financial firms that the London Metal Exchange acted unlawfully when it took the decision to cancel nickel trades worth billions of dollars after prices surged in 2022.
The blockbuster bribery settlement reached by a gambling company with Britain's tax collector signals that enforcement agencies other than the Serious Fraud Office have the ability to investigate and prosecute major international economic crime, lawyers say.
The Financial Conduct Authority set out proposed new rules on Wednesday that would require investment advisers to set aside more capital to pay out on compensation claims, a move aimed at easing demand on the Financial Services Compensation Scheme for redress.
Britain's top court ruled Wednesday that English judges cannot reject expert evidence if the opposing party has not cross-examined the witness, reviving a holidaymaker's case against a travel company after he got food poisoning in Turkey.
The government is not doing enough to force financial firms and listed companies help the U.K. reach its targeted total reduction of greenhouse gas emissions known as net zero by 2050, the House of Commons Environmental Audit Committee said Wednesday.
Actor and political activist Laurence Fox denied in court Tuesday that he was racist, testifying that tweets in which he used the N-word were lyrics of songs by late rapper Tupac Shakur and were not evidence of racism.
The Financial Conduct Authority on Tuesday set out its planned sustainability disclosure regime enabling consumers to invest with greater clarity in funds benefiting the environment or society.