Recent findings by the Financial Conduct Authority of weak oversight of artificial intelligence by wholesale banks expose how failings generated by AI tools could develop into risks of market abuse, lawyers and experts warned.
A ruling by an English appeals court that sanctions do not wipe out the rights of creditors has drawn a boundary around the government's powers — though lawyers warn that the restrictions still leave those rights worth much less in practice.
The $6.4 billion Binance hack has exposed how decentralized finance can help attackers move stolen assets beyond the reach of freezing powers, underscoring what's at stake in the U.K.'s review of financial crime risks linked to DeFi, lawyers say.
The $6.4 billion Binance hack and HTX's U.K. exit following Financial Conduct Authority legal pressure show why regulators want greater oversight of overseas crypto exchanges while exposing the limitations in cross border enforcement, lawyers warn.
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Recent findings by the Financial Conduct Authority of weak oversight of artificial intelligence by wholesale banks expose how failings generated by AI tools could develop into risks of market abuse, lawyers and experts warned.
A ruling by an English appeals court that sanctions do not wipe out the rights of creditors has drawn a boundary around the government's powers — though lawyers warn that the restrictions still leave those rights worth much less in practice.
The $6.4 billion Binance hack has exposed how decentralized finance can help attackers move stolen assets beyond the reach of freezing powers, underscoring what's at stake in the U.K.'s review of financial crime risks linked to DeFi, lawyers say.
The $6.4 billion Binance hack and HTX's U.K. exit following Financial Conduct Authority legal pressure show why regulators want greater oversight of overseas crypto exchanges while exposing the limitations in cross border enforcement, lawyers warn.
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November 12, 2026
French hospitality multinational Accor argued at a London trial Thursday that it was entitled to walk away from a development deal for a prospective Scottish hotel, saying the developer had no real prospect of getting the hotel built.
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November 12, 2026
A British trader was given leave on Thursday to appeal against his extradition to the United States, where federal prosecutors want him on hacking charges.
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November 12, 2026
The Financial Conduct Authority proposed reforms on Thursday that would give pension providers greater freedom to invest in a wider range of assets in its broader bid to improve value for retirement savers.
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November 12, 2026
A foreign exchange broker must pay a Swiss financial services provider more than $3 million after a judge ruled that concerns about unauthorized speculative trading did not entitle the broker to cancel currency contracts without paying their market value.
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November 12, 2026
Ireland's Central Bank said Thursday it has fined a former HealthBeacon employee €67,580 ($74,800) for selling shares in the medical technology company while possessing confidential information about supply chain problems that later sharply lowered its share price.
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November 12, 2026
A lender has sued a former property company director for £3.2 million ($4.2 million), alleging that he concealed assets when settling his liability, including by transferring land to his ex-wife to keep it beyond the lender's reach.
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November 12, 2026
Baltic Exchange accused Mercuria in closing arguments at the High Court on Thursday of trying to escape the consequences of a failed trading strategy by challenging a freight benchmark that it says was reliable despite disruption in the Strait of Hormuz.
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November 12, 2026
Banqup Group SA said Thursday is "progressing" with talks to sell its Balkan operations for €11.5 million ($12.7 million), as the Belgian financial technology company moves to streamline its business and repay debts.
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November 12, 2026
The board of Metro Bank said Thursday that it has begun a formal sale process to seek and assess potential offers in a wider review of its options, three years after the lender narrowly avoided a crisis.
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November 11, 2026
Insurance giant Marsh has said it will buy investment services business Wilshire Advisors, as it looks to expand its wealth management arm.
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November 11, 2026
A property developer told a London trial Wednesday that French hospitality giant Accor cost it more than £180 million ($239 million) by allegedly inventing copyright objections to an already approved Glasgow hotel design, forcing costly redesigns that derailed the project.
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November 11, 2026
A director of a failed car leasing company has denied running an £87 million ($116 million) Ponzi scheme, insisting at his London fraud trial on Wednesday that his plan was to revolutionize the motor industry.
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November 11, 2026
A worker unfairly fired by Nationwide Building Society argued Wednesday that her dismissal amounted to disability discrimination as she sought to revive her rejected harassment claim.
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November 11, 2026
HM Treasury officials denied on Wednesday that they had briefed lenders or their representatives about changes to the bank corporation tax surcharge before the chancellor delivered his Budget statement in October.
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November 11, 2026
Investment firm KKR and a German energy company have joined forces on two offshore wind farms in the North Sea, a project involving approximately £12 billion ($16 billion) of investment.
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November 11, 2026
Eight Capital said Wednesday it has acquired a 100% stake in commercial distribution business Distribuzione Commerciale Next Srl for €7.55 million ($8.4 million), as the banking group seeks to diversify its revenue.
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November 11, 2026
The Financial Conduct Authority warned Wednesday that financial services companies must provide "stronger evidence" they can withstand severe operational disruptions such as cyberattacks, saying that investment plans and promised improvements were not enough to demonstrate resilience.
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November 10, 2026
An amateur trader has been handed a two-year suspended sentence by a London court for faking a £154 million ($205 million) takeover bid for a Canadian oil company in an effort to boost its share price.
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November 10, 2026
Investor and developer SevenCitiesLdn, backed by SevenCapital, confirmed Monday that it has secured a £163 million ($217 million) loan from Patron Capital against a central London office building.
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November 10, 2026
False instructions to lawyers, forged compliance forms and knowingly untrue witness statements helped unravel the cover stories of bankers, executives and their intermediaries in Kuwait's $1 billion pension fund corruption case.
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November 10, 2026
Switzerland's financial regulator said Tuesday that it has finalized changes to its rules against money laundering, updating requirements to reflect recent amendments to national legislation ahead of a Financial Action Task Force review.
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November 10, 2026
Geopolitical upheaval and risks posed by artificial intelligence make it more important than ever for central banks to remain independent and accountable to the public, the governor of the Bank of England has warned.
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November 10, 2026
The funding level of Britain's defined benefit pension plans fell by £5.3 billion ($7.1 billion) last month, the Pension Protection Fund said Tuesday, driven by a fall in government bond yields.
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November 10, 2026
Banco Santander and TSB have begun seeking court approval to merge TSB's operations into Santander UK following their £2.65 billion ($3.6 billion) deal, paving the way for full integration in 2027, TSB said Tuesday.
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November 10, 2026
Samsung Fire & Marine Insurance said Tuesday that a consortium it leads, including investment firm KKR and the sovereign wealth fund of South Korea, has agreed to acquire an additional 60% stake in international insurer Canopius.