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 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 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.
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July 28, 2026
A Moldovan entrepreneur facing extradition from the U.K. for allegedly masterminding a $22 billion money laundering operation told a London court on Tuesday that the charges are politically motivated, claiming that the country's president sees "a threat in my face."
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July 28, 2026
The U.K.'s pensions watchdog said Tuesday that it has secured a settlement to protect members of a retirement plan after taking action against a construction company and a connected business it accused of avoiding £251,600 ($334,000) of debt.
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July 28, 2026
A Bridgepoint employee group has sold approximately 2% of the investment company's shares for around £62.4 million ($83 million) in a secondary share sale, broker BNP Paribas said Tuesday.
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July 27, 2026
A U.K. appeals court upheld the Financial Conduct Authority's decision to ban a company director and pensions adviser from the financial services sector but reduced the watchdog's penalty assessment, holding Monday that fines should be proportionate to harm caused.
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July 27, 2026
An insurance company can't rely on an earlier test case to extend limits for seeking restitution on taxes paid on dividends because the test case has since been overruled, the U.K.'s top court ruled Monday.
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July 27, 2026
A Greek financier who allegedly swiped $450 million from Mexican billionaire Ricardo Salinas Pliego in a fraudulent stock-for-cash loan deal has "numerous other victims," a prosecutor told a Manhattan federal judge Monday.
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July 27, 2026
A Moldovan tycoon wanted for allegedly masterminding a $22 billion money laundering ring was the "leader" of an organized criminal group that corrupted judges to circumvent Russian currency controls, a prosecutor told a London judge Monday.
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July 27, 2026
Some financial businesses are failing to identify risks of harm under their consumer duty obligations because they have weak monitoring of the outcomes they deliver, according to a review published on Monday by the watchdog for the sector.
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July 27, 2026
A company director has been disqualified for 7.5 years for allowing two of his companies to channel money as part of a £13.9 million ($18.5 million) unauthorized banking transaction scheme, the Insolvency Service said Monday.
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July 27, 2026
Victims of a convicted investment fraudster are set to recover most of the money they lost after a court ordered him to repay more than £655,000 ($872,000) under proceeds-of-crime legislation, the Financial Conduct Authority said Monday.
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July 27, 2026
The Financial Conduct Authority launched a national advertising campaign on Monday to help millions of car finance customers make free complaints about hidden commissions and claim compensation.
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July 27, 2026
IP Group said Monday that it will press ahead with its existing strategy after the company's largest shareholder, a U.K. retirement savings plan for railway staff, formally withdrew from a possible takeover.