We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Lead Story Picture
The founder of a marketing company that encouraged investors to buy into the failed mini-bond provider was arrested as the SFO carried out a search warrant at properties in southern England. (AP)

SFO Probe Into Mini-Bond Scandal Leads To 5th Arrest

The founder of a marketing company that urged investors to buy into London Capital & Finance PLC has been arrested as an investigation by the Serious Fraud Office into the failed mini-bond firm continues.

Top Stories

Broker Worried Over Woodford Fund Since 2017, CEO Says

Hargreaves Lansdown has revealed that nearly a quarter of its clients have more than £1.6 billion ($2 billion) combined trapped in Neil Woodford’s suspended equity fund, claiming in a letter to lawmakers published Wednesday it first raised concerns about the fund’s exposure to unlisted assets 18 months ago.

Icelandic Bank Can't Lead Fashion Mogul's Bankruptcy Fight

A London judge on Tuesday refused to revive a major Icelandic bank's efforts to bankrupt a defunct High Street fashion designer, casting doubt on the lender's efforts to undo the sale of two luxury sport cars as it tries to claw back a £1.3 million ($1.64 million) loan. 

Insurance Fraud Lands Boss 12-Year Bankruptcy Restrictions

A company director who submitted fraudulent insurance claims for stolen agricultural equipment worth almost £35,000 ($44,000) has been handed a 12-year bankruptcy restrictions order, a government agency said Wednesday.

FCA Ramps Up Probe Into 'Unacceptable' Pensions Advice

Financial advisers are providing “unacceptable” advice to retirement savers about transferring their investments out of pensions worth a combined £83 billion ($105 billion), the City regulator said on Wednesday as it outlined plans to crack down on poor guidance.

FCA Launches Investigation Into Suspended Woodford Fund

Britain's financial watchdog confirmed Tuesday that it has opened an investigation into the events surrounding the suspension of Neil Woodford’s flagship fund, which has prevented investors from accessing their accounts for more than two weeks.

Antitrust Watchdog Accuses Drug Suppliers Of Market Fixing

Four pharmaceutical companies broke U.K. competition law when they agreed to fix the quantities and prices of the supply of an antidepressant drug, which caused the National Health Service's spending on the tablets to peak to £38 million ($47.7 million), Britain's antitrust regulator said Tuesday.

Old Mutual Sacks CEO Over Dividend Policy Dispute

Old Mutual said Tuesday that it has sacked its chief executive after he was unable to provide the financial company with an “acceptable explanation” for a conflict of interest over an investment group that he founded.

Frankfurt Prosecutors Search Home, Offices In Tax Probe

Prosecutors in Frankfurt said they have searched three sites in the German city in connection with eight individuals accused of wrongdoing in a probe into an extensive tax evasion scheme that has dragged in Deutsche Bank, one of the country's biggest lenders.

Financial Services


Corporate Crime & Compliance