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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August 07, 2026
The past week in London has seen Cleary Gottlieb sued by a former client it advised on the proposed sale of a holding company, children's book author David Walliams target ITN and the Guardian with an injunction, and the continuation of litigation between pharma giants Merck Sharp & Dohme and Merck KGaA over rights to the Merck name in the U.K.
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August 07, 2026
A London court ruled Friday that an Azerbaijani state-owned oil company can pursue claims in England against the founder of a Turkish shipping group for allegedly moving assets to avoid paying about $308 million owed under arbitration awards.
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August 07, 2026
Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock sell-off, global funds network Calastone said in a report.
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August 07, 2026
The former chief executive of London Capital & Finance failed to have his six-month prison term for breaching a restraint order reduced on Friday when a London appellate court said it could "find no fault" with the sentence.
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August 07, 2026
The Financial Conduct Authority said Friday it is applying increased scrutiny to some businesses it registers for anti-money laundering purposes amid growing concerns that their weak internal controls allow financial crime.
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August 07, 2026
London-based litigation funder Fenchurch Legal has settled a dispute with an investment manager and a defunct lender that has clashed with the investment manager over a multimillion-pound loan.
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July 31, 2026
A gold trading app won permission Friday to seek damages from its former administrators at trial, as a London appeals court said it was arguable the administrators were appointed as part of an alleged hostile takeover disguised as debt enforcement.
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August 06, 2026
A former Goldman Sachs executive director was convicted Thursday for his role in what Brooklyn federal prosecutors say was a wide-ranging conspiracy to bribe Ghanaian officials in support of a Turkish energy company's push to obtain a lucrative power plant contract as the West African nation was reeling from an electricity crisis.
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August 06, 2026
A London court stayed an English claim arising from the enforcement of a Dutch lingerie retailer's €272.5 million ($314 million) debt, ruling Thursday that it substantially overlaps with an earlier New York action involving the same underlying dispute.
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August 06, 2026
A group of 17 investors have settled their claim in a London court that a law firm caused them to lose their deposits in a botched property investment project by allegedly failing to advise them of the risks involved in the deal.
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August 06, 2026
Spanish lender Arquia Bank has failed to block a French insurance broker's bid to register the trademark "Arkin" after European officials found Spanish consumers were unlikely to confuse the marks.
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August 06, 2026
The U.K. government issued fresh sanctions against Russia on Thursday, targeting 19 entities including banks, shadow fleet tankers and companies that import rare metals used for producing military equipment.
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August 06, 2026
An employment tribunal has struck out a staff member's race and disability discrimination claims against HSBC, finding that her arguments, which were based in part on AI-generated advice, showed a "fundamental misunderstanding" of the law.
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August 06, 2026
Pension bosses risk being caught up in costly disputes on whether retirees or corporate sponsors should be the ultimate beneficiaries of an estimated £160 billion ($216 billion) in funding surpluses, a consultancy warned Thursday.
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August 06, 2026
L&G expects the value of the U.K.'s pension risk transfer market to come in below £50 billion ($67 billion) in 2026, citing a quieter first half to the year and a slower pace of large transactions.
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August 05, 2026
A federal prosecutor on Wednesday told jurors in Brooklyn that emails and recordings back up allegations a former Goldman Sachs banker was the central player behind a plot to secure a lucrative energy contract by bribing Ghanaian government officials, while the defense argued that a dearth of evidence about illicit payments should doom the case.
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August 05, 2026
The U.K.'s Labour government should change its plans for new cross-border tax reporting rules because the draft rules are overly complex for financial firms and the timeline is unrealistic, an industry group warned.
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August 05, 2026
A Chinese state-owned bank has denied misleading a group of shipping companies over a debt restructuring, telling a London court it is instead owed more than $61 million in missed payments and interest.
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August 05, 2026
The percentage of savers regularly reviewing their pensions has risen from 38.3% in 2024 to 44.5% in 2026, TPT Retirement Solutions has said, but many of its members remain uncertain about how they will use their savings in retirement.
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August 05, 2026
The Financial Conduct Authority finalized rule changes on Wednesday that will make it easier and cheaper for companies to issue their shares on the London Stock Exchange.
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August 05, 2026
Spanish banking giant Santander said Wednesday that its $12.3 billion cash-and-share acquisition of Webster Financial Corp. has gained all the necessary regulatory approvals, paving the way for the transaction to close later in August.
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August 05, 2026
Allianz Global Investors said Wednesday that it will buy Singapore's UOB Asset Management for €376 million ($434 million) to strengthen its presence in the Asia-Pacific region.
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August 05, 2026
Global sales of international wealth insurance grew from £36.4 billion ($49 billion) to £53 billion between 2023 and 2025, a financial services company has said — a 46% increase as the wealth-planning priorities of high-net-worth individuals evolve.
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August 04, 2026
A federal jury in Brooklyn Tuesday saw a clandestinely recorded video of a former Goldman Sachs banker talking to an acquaintance about what prosecutors say were bribes paid to government officials in Ghana to greenlight a power plant deal, as the Foreign Corrupt Practices Act trial enters the home stretch.
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August 04, 2026
A London appeals court has ruled that a veterinary group cannot argue that a company it bought did not have the Financial Conduct Authority authorization needed to operate, because the claim conflicts with the group's position in a parallel employment tribunal case.