Financial Services UK

  • November 11, 2026

    Car Lessor Was 'X-Factor,' Not Ponzi Scheme, Director Says

    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.

  • November 11, 2026

    Ex-Nationwide Worker Appeals For Firing To Be Ruled Biased

    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.

  • November 11, 2026

    Treasury Denies Pre-Budget Bank Tax Leak As Probe Opened

    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.

  • November 11, 2026

    Energy Biz, KKR Close On £12B Offshore Wind Joint Venture

    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.

  • November 11, 2026

    Banking Group Eight Capital Buys Italian Retail Biz For €7.5M

    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.

  • November 11, 2026

    FCA Urges Cos. To Prove They Can Withstand Disruption

    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.

  • November 10, 2026

    Amateur Trader Spared Prison Over Fake Oil Biz Takeover Bid

    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.

  • November 10, 2026

    Eversheds, BCLP Guide Developer On £163M Property Loan

    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.

  • November 10, 2026

    Lies And Forged Records Undid Kuwait Pension Defenses

    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.

  • November 10, 2026

    Swiss Regulator Updates Money-Laundering Barriers

    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.

  • November 10, 2026

    BoE Governor Says Independence Vital In 'Shock-Prone' World

    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.

  • November 10, 2026

    UK Pension Funding Falls £5B After Bond Market Shift

    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.

  • November 10, 2026

    Santander Sets 2027 Court Date For TSB Transfer Plan

    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.

  • November 10, 2026

    Norton Rose-Led Samsung Consortium To Buy Insurer Stake

    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.

  • November 10, 2026

    Kingspan Faces 4th Investor Claim After Grenfell Inquiry

    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.

  • November 09, 2026

    Gold Mining Co. Can't Overturn $2M Financing Deal Fee

    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.

  • November 09, 2026

    NMC Health Founder, Ex-CEO Face $5.4B Fraud Liability

    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.

  • November 09, 2026

    Property Director Hit With £1M Claim Over COVID Loan

    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.

  • November 09, 2026

    Consumer Investments Top FCA's Skilled Person Probes

    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.

  • November 09, 2026

    Finance Adviser Says Ex-Partner Hid Fraud Before £2.5M Sale

    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).

  • November 09, 2026

    EU Fund Industry Seeks Dividend Tax Relief Extension

    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.

  • November 09, 2026

    Crédit Agricole Proposes Merger Talks With Banco BPM

    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.

  • November 09, 2026

    Campaigners Warn Of 'Catastrophic' Ombudsman Reforms

    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.

  • November 06, 2026

    Windhorst Says Broker Can 'Take The Keys' Over €27M Debt

    German financier Lars Windhorst told a London court in a hearing Friday that a brokerage that his company Tennor Holding BV was ordered to pay €27 million ($30 million) could "take the keys" to Tennor's offices to enforce the debt.

  • November 06, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Samsung sue Petrofac and its administrators, building materials giant Kingspan hit with two financial list claims by dozens of institutional investors, and Boehringer Ingelheim file a patent claim against fellow pharmaceutical company Sandoz amid ongoing conflict surrounding its empagliflozin type 2 diabetes drug.

Expert Analysis

  • Sanctions Spotlight: UK Broadens Scope Of Iran Sanctions

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    The U.K.'s new Iran sanctions reimpose and expand restrictions on finance, energy, trade and transport, bringing its regime closer to the European Union's approach and creating wider compliance demands for affected businesses, says Alexandra Melia at Steptoe.

  • Preparing For UK's New Crypto-Assets Regulatory Regime

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    Under the U.K.'s forthcoming crypto-assets regime, a broad range of activities will be brought within the Financial Conduct Authority's authorization remit, making the application window particularly important for overseas firms serving U.K. consumers, says Mark Chalmers at Davis Polk.

  • 5 Tokenized Equity Terms That Will Decide Tax Status

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    As the London Stock Exchange gears up to list tokenized shares of the U.K.'s largest public companies, issuers, platforms and investors must consider a handful of product terms that can result in different tax statuses for tokens that track the same company, say Zoe Wyatt and Yuri Hamano at Andersen.

  • How UK PLC Boards Can Stave Off Disclosure Claims Risks

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    To minimize the risk of exposure to shareholder claims amid a continuing rise in securities litigation, companies must evaluate exposure, protect privilege and keep an eye on pending litigation, such as the recent investor claims filed against British American Tobacco and Entain, say lawyers at Simpson Thacher.

  • Appeals Court Offers Framework For Loan Interest Disputes

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    The Court of Appeal's recent decision in Houssein v. London Credit Ltd. offers guidance for borrowers and lenders on determining what is required to stop contractual interest from accruing on a secured loan and whether a default interest provision amounts to an unenforceable penalty, say lawyers at Reed Smith.

  • Designing Management Incentives For An Uncertain PE Exit

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    With management teams increasingly asked to stay invested for longer periods as private equity holding periods extend and routes to exit become less predictable, management incentive plans require sufficient flexibility to remain effective, say lawyers at Morgan Lewis.

  • Tesla Win Establishes UK Courts May Set Patent Pool Rates

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    The recent U.K. Supreme Court decision in Tesla v. InterDigital & Avanci determined that English and Welsh courts can resolve license rate-setting disputes for standard essential patents, with a U.K. FRAND determination serving as leverage in negotiating high-value licenses for standardized technologies, say lawyers at Quinn Emanuel.

  • How Public Filing Pilot Is Influencing Litigation Strategy

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    The ongoing pilot program that makes it easier for third parties like journalists or academics to obtain court documents used in certain public hearings is reshaping how litigation teams draft skeleton arguments, settle expert evidence, and identify and restrict sensitive material, say lawyers at Greenberg Traurig.

  • Series

    Practice Leader Insights From Birketts' Jessica Caws

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    Jessica Caws, co-head of financial services at Birketts, discusses creating a collaborative environment for her junior colleagues, the excitement of working on a matter at the forefront of regulatory change, and why as a lawyer it is important to develop the ability to critically analyze information early on.

  • AI Voice Cloning Exposes Gaps In UK Personality Rights Law

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    The advent of artificial intelligence voice cloning has turned concerns over the absence of dedicated personality rights into a practical policy issue, and the U.K. government's planned consultation on digital replicas offers an opportunity to develop targeted intellectual property and fraud protections without undermining innovation, say lawyers at Foot Anstey.

  • Series

    Practice Leader Insights From RPC's Simon Hart

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    Simon Hart, head of RPC's financial services sector, discusses the importance of leading with clear goals and a shared purpose, the challenge of keeping clients focused under sustained pressure, and why junior lawyers should resist the trend to become too specialized early on.

  • Financial Firm Ruling Narrows Push Fraud Recovery Route

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    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push payment fraud, clarifying that these claims will only succeed in limited circumstances where a provider is demonstrably put on inquiry for misappropriation, say lawyers at Irwin Mitchell.

  • FCA Nonfinancial Misconduct Rules Demand Shift For Firms

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    Under the Financial Conduct Authority's new nonfinancial misconduct framework, conduct like serious bullying, harassment and violence is now capable of generating regulatory consequences extending well beyond the workplace, and four questions are likely to occupy compliance teams over the coming months, says Chloe-Jane Belton at Howard Kennedy.

  • Series

    Practice Leader Insights From Reed Smith's Panos Katsambas

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    Panos Katsambas, global co-lead of Reed Smith's financial industry group, discusses how dealing with adversity in world events enabled him to handle volatility in his practice, how private credit and fund finance are now dominating the financial industry, and why it is important to remember that the legal industry is a service industry.

  • Why Bear Hugs Are Making A Comeback In UK M&A Deals

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    With "bear hugs" recently reemerging as an attractive negotiation tool for bidders in mergers and acquisitions, both target boards and potential acquirers should note the effect of the City Code on Takeovers and Mergers' timing and drafting limits, says Ben Land-Maycock at Covington.

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