Try our Advanced Search for more refined results
Financial Services UK
-
August 01, 2025
Ogilvy & Wachtel-Led Investors Oppose Hedge Fund Merger
A group of investors in Third Point told fellow shareholders in the hedge fund on Friday that the proposed merger with Malibu Life Reinsurance will establish "a dangerous precedent for the U.K. stock market" of not safeguarding interests of the minority.
-
August 01, 2025
FCA Hits Brokerage With £1M Fine For Deal Report Failures
The City watchdog said Friday that it has hit a global brokerage with a fine of more than £1 million ($1.3 million) for the "particularly serious" failure to submit complete and accurate transaction reports over a five-year period.
-
July 31, 2025
Asset Freeze Sticks In Billionaire's $415M Fraud Case
A London appeals court on Thursday upheld an asset freeze against a man accused of defrauding Ricardo Salinas Pliego out of more than $415 million, finding no reason to doubt the Mexican billionaire is "exceedingly wealthy" and able to compensate the other side if he ultimately loses his claim.
-
July 31, 2025
Developer Denies Misusing Victims' Funds In £226M Fraud
A developer convicted for running a £226 million ($299 million) Ponzi scheme denied treating overseas properties bought with his victims' money as his "pension fund" as he gave evidence in court Thursday.
-
July 31, 2025
SocGen, ING Win €212M EuroChem Bonds Sanctions Fight
A Russian subsidiary of EuroChem lost its fight Thursday to force European banks to pay out on €212 million ($242 million) worth of bonds, after a court ruled that the payouts are blocked because the Swiss agricultural chemicals company is owned by a sanctioned oligarch.
-
July 31, 2025
Asset Manager Denies Breaching NDA For €118M Deals
A London-based investment manager has sued two companies of the Italian asset manager giant Azimut for millions over deals related to an investment in a machinery manufacturer, but Azimut has denied breaching the deal saying it had been released from its obligations.
-
July 31, 2025
FCA Finds Failings In Digital Loan Application Processes
The Financial Conduct Authority said Thursday that some companies are designing digital loan application processes badly, slowing decision-making and excluding cost information that consumers need.
-
July 31, 2025
SRA Warns Law Firms Over Handling Of Motor Finance Claims
The solicitors' watchdog warned law firms Thursday that they must tell prospective clients about possible cost-free ways to pursue their motor finance commission claims before agreeing to act on a case for a fee.
-
July 31, 2025
Pensions Ombudsman Says Caseload Is Outpacing Funding
The Pensions Ombudsman said that its funding has failed to keep pace with the rising caseload of complaints, forcing it to look at artificial intelligence to help reduce waiting times.
-
July 31, 2025
FCA Probe Target Gets 12 Months In Jail For Contempt
An exiled businessman suspected of offering unregulated debt counseling has been handed a 12-month prison sentence for deliberately breaching restrictions on his assets by spending $84,000 on luxury items, travel and hotels.
-
July 31, 2025
Lion Finance Eyes Purchase Of HSBC Unit's Malta Operation
Lion Finance Group PLC, the owner of banks in Caucasia, expressed an interest on Thursday in buying the Malta operations of an HSBC subsidiary.
-
July 31, 2025
Euronext Offers To Buy Athens Stock Exchange For €413M
Euronext NV said Thursday that it has offered to buy the Athens Stock Exchange SA for €412.8 million ($472.1 million) in an all-share transaction, as the bourse looks to expand its presence in southeast Europe.
-
July 31, 2025
Squire Patton-Led JTC To Buy Swiss Bank Unit For £20M
JTC PLC said Thursday it plans to acquire a finance services company that caters to ultra-rich clients from Swiss private bank Union Bancaire Privée SA for £20 million ($26.5 million), as the Jersey-based fund administrator seeks to increase its global presence.
-
July 31, 2025
Freshfields Steers LSE Operator On £1B Buyback Plan
London Stock Exchange Group PLC said on Thursday said it will launch further share buybacks worth up to £1 billion ($1.3 billion), as the financial markets operator reported strong growth and profits.
-
July 31, 2025
A&O Shearman Guides Brookfield On £2.4B Just Group Buy
Investment giant Brookfield said Thursday that it plans to buy Just Group, a British life insurer, for £2.4 billion ($3.2 billion) in a deal steered by A&O Shearman and Slaughter and May.
-
July 30, 2025
Greek Shipping Magnate's Heirs Battle Over €72M Loan Deal
A company linked to the son-in-law of a deceased Greek shipping magnate has denied that a €72 million ($83 million) loan agreement with the magnate's former business was a sham, amid a family dispute over the magnate's estate.
-
July 30, 2025
Sainsbury's Bank Partners With Allianz For Insurance Policies
Insurance giant Allianz UK said Wednesday that it has penned a deal to offer replacement home and motor insurance policies to Sainsbury's Bank customers as their current cover expires.
-
July 30, 2025
BigLaw Firms Ordered To Explain Leak Of PrivatBank Decision
Law firms including Hogan Lovells and Fieldfisher LLP will be required to provide witness statements after the High Court judge overseeing the long-running PrivatBank fraud case revealed on Wednesday that his judgment had apparently been leaked.
-
July 30, 2025
Gupta Hit With $6.7M Fraud Claim Over False Deposit Docs
A U.K. commodities broker won its bid on Wednesday to bring a fraud claim worth almost $7 million against Prateek Gupta, with the High Court dismissing the metal mogul's argument that the claim shouldn't be heard in England.
-
July 30, 2025
Govt's National Wealth Fund Ignored Worker's Pay Concerns
The U.K. government's National Wealth Fund subjected an employee to sexual discrimination after it failed to address his request for a pay review, an Employment Tribunal has ruled.
-
July 30, 2025
Sullivan & Cromwell-Led Evercore Pays £146M For UK Adviser
Sullivan & Cromwell LLP-led Evercore Inc. said Wednesday it has agreed to acquire the U.K.-based boutique corporate adviser Robey Warshaw LLP, advised by Freshfields LLP, for £146 million ($195 million) as the U.S. global investment banking giant moves to expand into the London mergers and acquisitions market.
-
July 30, 2025
HSBC Unveils $3B Share Buyback Scheme
HSBC said Wednesday that it will reward investors with a share repurchase program of up to $3 billion, despite posting a drop in its pre-tax profits.
-
July 30, 2025
Santander To Reward Shareholders With €1.7B Buyback
Banco Santander SA said on Wednesday that it will soon kick off a share buyback worth up to €1.7 billion ($1.97 billion), which is expected to lower the Spanish lending giant's share capital.
-
July 30, 2025
Finance Biz Eyes £490M Acquisition Of UK Lender IPF
British credit provider International Personal Finance said Wednesday that it is in talks to be bought by U.S. specialist finance group BasePoint Capital in a proposed £490 million ($656 million) cash deal.
-
July 30, 2025
PrivatBank Wins $1.9B Fraud Case Against Ex-Owners
The former owners of PrivatBank are liable to pay the Ukrainian lender for a fraud that cost the bank billions, a London judge ruled on Wednesday almost two years after the trial over sham loans linked to fictitious commodity trades concluded.
Expert Analysis
-
Review Of EU Cross-Border Merger Regs' Impact On Irish Cos.
Looking back on the year since the European Union Mobility Directive was transposed into Irish law, enabling Irish and European Economic Area limited liability companies to participate in cross-border deals, it is clear that restructuring options available to Irish companies with EU operations have significantly expanded, say lawyers at Matheson.
-
A Look At UK, EU And US Cartel Enforcement Trends
The European Union, U.K. and U.S. competition agencies' recently issued joint statement on competition risks in generative artificial intelligence demonstrates increased cross-border collaboration on cartel investigations, meaning companies facing investigations in one jurisdiction should anticipate related investigations in other jurisdictions, say lawyers at Latham & Watkins.
-
Testing The Limits Of English Courts' Pro-Arbitration Stance
Although the Court of Appeal recently upheld a $64 million arbitration award in Eternity Sky v. Zhang, the judgment offers rare insight into when the English courts’ general inclination to enforce arbitral awards may be outweighed by competing policy interests such as consumer rights, say Declan Gallivan and Peter Morton at K&L Gates.
-
What Green Claims Directive Proposal Means For Businesses
With the European Union’s recent adoption of a general approach to the proposed Green Claims Directive, which will regulate certain environmental claims and likely be finalized next year, companies keen to publicize their green credentials have even more reason to tread carefully, say Marcus Navin-Jones and Juge Gregg at Crowell & Moring.
-
£43M Legal Bill Case Shows Courts' View On Exchange Rates
A recent Court of Appeal decision declined to change the currency used for payment of the Nigerian government's legal bill, aligning with British courts' consensus that they should not be concerned with how fluctuating exchange rates might benefit one party over another, says Francis Kendall at Kain Knight.
-
Examining The EU's New Payments Services Package
Following recent European Parliament elections, the spotlight is turning to the highly anticipated payments services package expected in September, marking a pivotal moment in the legislative process that will reshape the payment services ecosystem in the European Union, says Kristýna Tupá and Karolína Hlavinková at Schoenherr.
-
Examining The State Of Paccar Fixes After General Election
Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.
-
EU Reports Signal Greenwashing Focus For Financial Sector
Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.
-
Opinion
Without Change, Fighting Fraud Is A Losing Battle For The UK
To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.
-
Embedding Consumer Duty: 6 Areas Firms Should Prioritize
The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.
-
2 UK Rulings Highlight Persistent Push Payment Fraud Issues
Two recent High Court decisions, Larsson v. Revolut and Terna DOO v. Revolut, demonstrate that authorized push payment fraud continues to cause headaches for consumers and financial institutions alike, and with forthcoming mandatory reimbursement requirements, more APP fraud litigation can be expected, say lawyers at Charles Russell.
-
Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling
The Second Circuit’s 2021 decision in U.S. v. Bescond, holding that a French resident indicted abroad did not meet the legal definition of a fugitive, deepened a circuit split on the fugitive disentitlement doctrine, and courts continue to grapple with the doctrine’s reach and applicability, say attorneys at Lankler Siffert.
-
Key Points From UK Prospectus Regime Reform Consultation
The Financial Conduct Authority's current consultation on U.K. prospectus regime reform proposals, including when a prospectus will be required and the requirements concerning content, is designed to enhance the attractiveness of the U.K.'s capital markets, say lawyers at Sullivan & Cromwell.
-
Why NCA's 1st Seizure Of Sanctioned Funds Is Significant
The National Crime Agency’s recently secured forfeiture of a Russian oligarch's sanctioned funds was a landmark achievement, and is particularly notable because it was made under the Proceeds of Crime Act, illustrating how U.K. authorities can coordinate their respective powers to confiscate assets, says Lindsey Cullen at WilmerHale.
-
Takeaways From New FCA Rules On Research Payments
The Financial Conduct Authority’s recently published final rules on payment optionality for investment research, which involve a client disclosure obligation option, will be welcome news for U.K. managers who buy investment research from U.S. brokers, and for global asset management groups, says Anna Maleva-Otto at Schulte Roth.