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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July 30, 2026
A former Goldman Sachs compliance officer has won £1.45 million ($1.93 million) after the investment bank discriminated against him by sacking him while he was on paternity leave.
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July 30, 2026
ICBC Standard Bank has settled a hacking claim with a client company that alleged the lender transferred €795,000 ($912,000) from the client's account on the instructions of an imposter impersonating the company's director.
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July 30, 2026
Six former traders at Barclays and Deutsche Bank convicted of rigging benchmark interest rates will challenge their convictions in October after a 2025 U.K. Supreme Court ruling prompted a review of their cases, the Court of Appeal said Thursday.
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July 30, 2026
The widow of shipbuilding magnate Iskandar Safa urged an appeals court Thursday to overturn a ruling allowing Mozambique to add her to its bribery case after the country secured a $1.9 billion damages award, arguing that any claim against her belongs in Lebanon.
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July 30, 2026
The Information Commissioner's Office said Thursday that it has searched multiple properties U.K.-wide and seized electronic items after the public filed millions of complaints about car finance adverts.
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July 30, 2026
The Financial Conduct Authority said Thursday that it has censured a corporate finance business for approving misleading financial promotions used to sell munibonds, a risky type of investment.
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July 30, 2026
A pensions standards body has published guidance for the sector on how to manage risks associated with artificial intelligence, following near universal industry adoption of the technology.
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July 30, 2026
A financial technology company has accused a former executive of misusing its confidential information while still an employee to build a competing platform, as it asked a London court to declare it the owner of the new business.
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July 30, 2026
Automatic enrollment into workplace pensions continued to underpin savings in Britain in 2025, the government said Thursday, although an expert at a financial services consultancy has warned that action is needed to ensure people are putting enough away for retirement.
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July 30, 2026
Trustees of the pension plan of chemicals company Hickson International PLC have completed a bulk purchase annuity buy-in worth £208 million ($278 million), pension investor Royal London Group said Thursday.
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July 29, 2026
A Goldman Sachs banker told a New York federal jury how Goldman bailed on backing what prosecutors say was a corrupt deal for a Turkish energy company to bribe Ghanaian officials for a power plant contract, a scenario Goldman uses in compliance training as an example of what to avoid.
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July 29, 2026
A Manhattan federal judge sentenced an electrical engineer-turned-trader to 51 months in prison Wednesday for stealing from investors who backed a bogus, high-tech profit model he pitched before fleeing to Europe.
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July 29, 2026
U.K. Prime Minister Andy Burnham declined Wednesday to rule out tax hikes to recoup the costs of a new national care service to address problems related to social care in Britain.
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July 29, 2026
A Saudi sheikh who owes liquidators €83 million ($95 million) failed on Wednesday to frustrate possession proceedings against his home on Britain's most expensive street, as a London court ruled that the claim forms could be served to his solicitors.
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July 29, 2026
A former Skipton subsidiary CEO called Wednesday for an investigation into the company, after a tribunal ruled that the subsidiary discriminated against him by denying him a £1.6 million ($2.1 million) payout that a younger colleague received.
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July 29, 2026
Barclays PLC said Wednesday it has launched a new share buyback program of £1 billion ($1.3 billion), a day after it posted a profit before tax of approximately £6 billion for the first half of 2026.
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July 29, 2026
Germany's financial markets regulator said Wednesday it will begin actively monitoring whether banks and insurers comply with the European Union's Artificial Intelligence Act, with rule-breakers facing fines of up to €35 million ($39 million).
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July 29, 2026
Standard Chartered announced the imminent start of a new $1 billion share buyback on Wednesday as the banking giant reported a strong performance for the first half of the year.
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July 29, 2026
UBS said Wednesday that it has launched a $3 billion share buyback program after the Swiss financial services giant reported a net profit of $5.8 billion for the first half of 2026.
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July 29, 2026
A competition law consultant sought Wednesday to revive his proposed foreign exchange-rigging class action against major banks, arguing that material changes since its rejection as an opt-out action warrant a fresh opt-in bid.
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July 29, 2026
Australian financial services group Perpetual said Wednesday that it has rejected a third approach from Swedish private equity unit EQT of 2.6 billion Australian dollars ($1.8 billion), but indicated that it would be open to an improved proposal.
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July 28, 2026
The government's foreign bribery case accusing a former Goldman Sachs banker of paying off Ghanaian officials to secure a lucrative energy deal is a lot like Milli Vanilli, his lawyer told a New York jury Tuesday, arguing that much like lipsynced songs of the fake late-1980s-era pop duo, prosecutors' version of events is not what it appears to be.
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July 28, 2026
U.K. Prime Minister Andy Burnham should back higher taxes on banks following Barclays Group's financial results, a group of trade unions urged Tuesday.
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July 28, 2026
A consortium of the largest U.K. pension providers is working to establish a £1 billion ($1.3 billion) fund to invest in British startup businesses, the government has said.
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July 28, 2026
The Financial Reporting Council fined EY £1.2 million ($1.6 million) and the firm's audit engagement partner Julie Carlyle £49,000 Tuesday for rule breaches in the audit of online furniture retailer Made.com's 2021 accounts.