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 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.
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November 10, 2026
A group of global institutional investors has sued Kingspan, adding to a series of recent claims on the financial list against the building materials giant.
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November 09, 2026
A mining company can't escape paying a broker a $2.25 million fee for working to secure funding for a gold mine, after an appeals court held Monday that the broker did enough to earn the fee.
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November 09, 2026
The founder and former chief executive of collapsed FTSE 100 hospital operator NMC knowingly participated in a multibillion-dollar fraud, an Abu Dhabi court has ruled, setting $5.4 billion as the starting point for assessing how much they must pay.
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November 09, 2026
Litigation investor Henderson & Jones has sued the former director of a property company for £1 million ($1.3 million), alleging he took out a COVID-19 business interruption loan that contributed to the property developer becoming insolvent.
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November 09, 2026
The Financial Conduct Authority has said that consumer investment firms accounted for seven of the regulator's eight "skilled person" reviews of financial services firms it conducted during the first quarter of its 2026/27 financial year, adding that financial crime was the most common area of investigation.
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November 09, 2026
A financial adviser is suing his former business partner for allegedly concealing a scheme to inflate employees' salaries to help them secure mortgages before selling his stakes in the two men's businesses to the adviser for £2.5 million ($3.4 million).
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November 09, 2026
The European Union must extend proposed tax relief on cross-border dividend payments to regulated investment funds to reduce costs for savers and remove barriers to investment, the bloc's fund industry urged Monday.
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November 09, 2026
French lender Crédit Agricole said Monday it is looking to merge its Italian business with the Italian lender Banco BPM to create the country's third-largest banking group.
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November 09, 2026
Consumer organizations and charities urged the government on Monday to reconsider proposed reforms to the Financial Ombudsman Service, warning that the changes could make it harder for customers to win compensation from financial services companies.