Try our Advanced Search for more refined results
Financial Services UK
-
November 05, 2025
Alternative Asset Manager Kicks Off £30M Share Buyback
Alternative asset manager Pollen Street Group Ltd. launched a new share repurchase program on Wednesday worth up to £30 million ($39 million), a move expected to downsize the company's share capital.
-
November 04, 2025
Insolvent UK Co.'s Ex-Director Fights £2M VAT Fraud Case
The former director of a company in liquidation denied an insolvency specialist's claims that he took part in a value-added tax fraud at the business and is liable for paying about £2 million ($2.6 million), saying the U.K. tax authority has withdrawn its liability notices against him.
-
November 04, 2025
FCA Sued Over 'Flawed' £30M Bond Data Contract Award
A technology provider has alleged that the Financial Conduct Authority carried out a "fatally flawed and unfair" procurement process for a prestigious contract worth an estimated £29.5 million ($38.4 million) to provide bond consolidated tape.
-
November 04, 2025
Real Estate Co. Claims £260M Deal Undermined By Bank
A real estate business has sued a property developer and a Dubai bank for allegedly undermining a £260 million ($340 million) refinancing deal secured against a luxury London property.
-
November 04, 2025
Czech Crime Prosecutor Named Head Of EU Anti-Fraud Office
The European Commission said Tuesday that it has appointed veteran economic crime prosecutor Petr Klement to head the bloc's fraud investigatory office.
-
November 04, 2025
LSEG Reveals £1B Buyback After Trading Update
The owner of the London Stock Exchange said Tuesday that it will immediately start an approximately £1 billion ($1.3 billion) share buyback program to return surplus cash to its shareholders, as it released strong financial results for the period July to September.
-
November 04, 2025
UK Pension Dashboards 'On Course' As Final Deadline Looms
The U.K.'s flagship online pension dashboard project is still on track with now less than a year to go before the final deadline, the agency responsible confirmed.
-
November 04, 2025
BDO Hit With $102M Claim For 'Negligent' Audits Of Insurer
The liquidators of an insurance company have hit BDO LLP with a negligence claim of more than $100 million, arguing that inadequate audits concealed the true financial picture of the defunct business.
-
November 04, 2025
Ocean Wilsons Awaits Court Decision On Merger With Rival
Bermudian investment firm Ocean Wilsons said Tuesday that it expects its all-stock merger with local rival Hansa Investment Co. Ltd. to go ahead after a court hearing to sanction the deal, postponed since September because of a shareholder concern, concluded on Monday.
-
November 04, 2025
Nine Arrested Over Suspected €600M Crypto Fraud Ring
European authorities revealed Tuesday that they have arrested nine people suspected of money laundering through a cryptocurrency network that scammed victims out of more than €600 million ($690 million).
-
November 04, 2025
Gov't Urged To Bring 'Major Changes' To Pension Tax Plans
The government should give "much more thought" to its plans to apply inheritance tax to wealth transferred through pensions to ensure the proposals are implemented fairly and effectively, a retirement consultancy has said.
-
November 03, 2025
Catching Up With Delaware's Chancery Court
From billion-dollar pharma feuds to shifting equity deadlines, Delaware's courts saw another week of battles over mergers, fiduciary duty and judicial limits.
-
November 03, 2025
Adviser Says He Was 'Scapegoated' In FCA Ban Challenge
A financial adviser told a London tribunal Monday that he had been made a "scapegoat" as he challenged the U.K. finance regulator's decision to ban him from working in financial services over investments in a hotel group.
-
November 10, 2025
Reed Smith Adds Ex-A&O Shearman Financial Regulatory Pro
Reed Smith LLP said Monday that it has snapped up a former partner at A&O Shearman in London to add to its strengths handling regulatory matters for clients in the financial services industry.
-
November 03, 2025
UK Hacker Faces Extradition To US Over Insider Trading Plot
A British man who hacked into the email accounts of American executives and used sensitive information to make $3.75 million in illicit trades may be extradited for the computing offenses, a lawyer for the U.S. told a court Monday.
-
November 03, 2025
ABI Urges Gov't To Cut Tax On Health Insurance
The Association of British Insurers called on Monday for the government to cut tax on health insurance in the workplace, amid high levels of long-term sickness that are preventing people from working.
-
November 03, 2025
Billionaire Claims $415M Fraud Hinged On 'Nonsense' Info
Mexican billionaire Ricardo Salinas Pliego told a London court Monday that a man who allegedly defrauded him out of more than $415 million made "nonsense" representations to trick him into believing he was entering a deal with a legitimate financial institution.
-
November 03, 2025
JTC Completes £20M Buy Of Swiss Bank Unit
Fund administrations services provider JTC said Monday that it has completed the £20 million ($26.3 million) acquisition of a financial services company that caters to ultra and high-net-worth clients from Swiss private bank Union Bancaire Privée SA.
-
November 03, 2025
Travers Smith-Led Pensions Biz Buys AJ Bell Unit For £25M
Online investment platform AJ Bell said Monday that it has completed the sale of its retirement savings arm, Platinum, to U.K. pensions administrator InvestAcc Group Ltd. in a deal worth up to £25 million ($33 million).
-
November 03, 2025
Watchdogs Set Landmark Rules For UK-Swiss Finance
Financial regulators published rules on Monday under a landmark agreement that will allow Swiss and U.K. firms to trade across borders based on the recognition that the two countries' supervisory regimes have equivalent outcomes.
-
November 03, 2025
MoFo Snaps Up London Finance & Fintech Veteran
Morrison Foerster has strengthened its financial services and fintech bench with a partner from Orrick Herrington & Sutcliffe LLP as the U.S. firm continues to bulk up its London practice.
-
October 31, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen two regional law firms clash at the intellectual property court over the name Amicus Solicitors, Bill's Restaurant face a breach of contract suit by its former executive chair, and a Capita subsidiary sue the Metropolitan Police over a multimillion-pound procurement dispute.
-
October 31, 2025
EU Banking Watchdog Lays Down Unified AML Rules
The European Union's banking watchdog has laid out proposals for the bloc's new anti-money laundering framework, highlighting that member states' significantly varying quality and scope of approaches to the issue have hampered its regulation.
-
October 31, 2025
Lawmakers Ask Gov't To Measure FCA Support For Growth
A committee of the House of Lords urged HM Treasury on Friday to set measures for how effectively Britain's financial regulators support the government's economic strategy for growth.
-
October 31, 2025
FCA Warns Wealth Managers On Risk In Advice Consolidation
The Financial Conduct Authority said Friday it has found that some companies are relying on risky borrowing when they acquire financial advisers and have unresolved conflicts of interest, alongside other failings that could harm consumers.
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.