The Financial Conduct Authority is putting senior managers of banks at a potentially higher risk of enforcement action after a tribunal forced it to partially suspend its motor finance compensation program, lawyers warn.
The government's growing use of sanctions to disrupt criminals targeting Britain is creating more work for white-collar lawyers, even if they object that the heavy-handed foreign policy tool flouts the rule of law.
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Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
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The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
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The Financial Conduct Authority is putting senior managers of banks at a potentially higher risk of enforcement action after a tribunal forced it to partially suspend its motor finance compensation program, lawyers warn.
The government's growing use of sanctions to disrupt criminals targeting Britain is creating more work for white-collar lawyers, even if they object that the heavy-handed foreign policy tool flouts the rule of law.
Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
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August 06, 2026
A former Goldman Sachs executive director was convicted Thursday for his role in what Brooklyn federal prosecutors say was a wide-ranging conspiracy to bribe Ghanaian officials in support of a Turkish energy company's push to obtain a lucrative power plant contract as the West African nation was reeling from an electricity crisis.
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August 06, 2026
A London court stayed an English claim arising from the enforcement of a Dutch lingerie retailer's €272.5 million ($314 million) debt, ruling Thursday that it substantially overlaps with an earlier New York action involving the same underlying dispute.
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August 06, 2026
A group of 17 investors have settled their claim in a London court that a law firm caused them to lose their deposits in a botched property investment project by allegedly failing to advise them of the risks involved in the deal.
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August 06, 2026
Spanish lender Arquia Bank has failed to block a French insurance broker's bid to register the trademark "Arkin" after European officials found Spanish consumers were unlikely to confuse the marks.
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August 06, 2026
The U.K. government issued fresh sanctions against Russia on Thursday, targeting 19 entities including banks, shadow fleet tankers and companies that import rare metals used for producing military equipment.
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August 06, 2026
An employment tribunal has struck out a staff member's race and disability discrimination claims against HSBC, finding that her arguments, which were based in part on AI-generated advice, showed a "fundamental misunderstanding" of the law.
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August 06, 2026
Pension bosses risk being caught up in costly disputes on whether retirees or corporate sponsors should be the ultimate beneficiaries of an estimated £160 billion ($216 billion) in funding surpluses, a consultancy warned Thursday.
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August 06, 2026
L&G expects the value of the U.K.'s pension risk transfer market to come in below £50 billion ($67 billion) in 2026, citing a quieter first half to the year and a slower pace of large transactions.
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August 05, 2026
A federal prosecutor on Wednesday told jurors in Brooklyn that emails and recordings back up allegations a former Goldman Sachs banker was the central player behind a plot to secure a lucrative energy contract by bribing Ghanaian government officials, while the defense argued that a dearth of evidence about illicit payments should doom the case.
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August 05, 2026
The U.K.'s Labour government should change its plans for new cross-border tax reporting rules because the draft rules are overly complex for financial firms and the timeline is unrealistic, an industry group warned.
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August 05, 2026
A Chinese state-owned bank has denied misleading a group of shipping companies over a debt restructuring, telling a London court it is instead owed more than $61 million in missed payments and interest.
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August 05, 2026
The percentage of savers regularly reviewing their pensions has risen from 38.3% in 2024 to 44.5% in 2026, TPT Retirement Solutions has said, but many of its members remain uncertain about how they will use their savings in retirement.
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August 05, 2026
The Financial Conduct Authority finalized rule changes on Wednesday that will make it easier and cheaper for companies to issue their shares on the London Stock Exchange.
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August 05, 2026
Spanish banking giant Santander said Wednesday that its $12.3 billion cash-and-share acquisition of Webster Financial Corp. has gained all the necessary regulatory approvals, paving the way for the transaction to close later in August.
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August 05, 2026
Allianz Global Investors said Wednesday that it will buy Singapore's UOB Asset Management for €376 million ($434 million) to strengthen its presence in the Asia-Pacific region.
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August 05, 2026
Global sales of international wealth insurance grew from £36.4 billion ($49 billion) to £53 billion between 2023 and 2025, a financial services company has said — a 46% increase as the wealth-planning priorities of high-net-worth individuals evolve.
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August 04, 2026
A federal jury in Brooklyn Tuesday saw a clandestinely recorded video of a former Goldman Sachs banker talking to an acquaintance about what prosecutors say were bribes paid to government officials in Ghana to greenlight a power plant deal, as the Foreign Corrupt Practices Act trial enters the home stretch.
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August 04, 2026
A London appeals court has ruled that a veterinary group cannot argue that a company it bought did not have the Financial Conduct Authority authorization needed to operate, because the claim conflicts with the group's position in a parallel employment tribunal case.
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August 04, 2026
The widespread adoption of artificial intelligence technology across the financial services sector creates new "systemic" risks, a ratings agency has warned.
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August 04, 2026
Clyde & Co. LLP has hired an insurance specialist at its London office, bolstering the firm's financial lines practice as insurers face an uptick in work linked to mergers and acquisitions, cyber incidents and other complex risks.
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August 04, 2026
Dentons has launched a service to help businesses prepare for the U.K.'s incoming crypto-asset regulatory regime, as companies gear up for the mandatory Financial Conduct Authority authorization process that begins in September.
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August 04, 2026
The administrators of Market Financial Solutions have sued Barclays at a London court seeking to reclaim funds after the mortgage lender fell into insolvency with debts of more than £1 billion ($1.3 billion), including approximately £600 million owed to the bank.
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August 04, 2026
The Bank of England has named Nicholas Segal, a judge of the Grand Court of the Cayman Islands, as chair of its enforcement decision-making committee, a move aimed at strengthening the body that determines contested regulatory action for financial regimes.
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August 03, 2026
A financial services company has denied allegations that it siphoned off a management consultancy's $9.4 million investment after promising to hold it only as proof of funds, alleging instead that the consultancy itself fraudulently misrepresented that it owned the money it transferred.
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August 03, 2026
The liquidators of a collapsed wine investment company have failed to revive parts of their £5 million ($6.7 million) claim against a London-based accounting business that allegedly failed to properly audit how promised returns would be generated.