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 30, 2026
The Financial Conduct Authority said Thursday it has censured the corporate finance business Equity for Growth (Securities) Ltd. for approving misleading financial promotions used to sell minibonds.
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July 30, 2026
A pensions standards body has published guidance for the sector on how to manage risks associated with artificial intelligence, following near universal industry adoption of the technology.
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July 30, 2026
A financial technology company has accused a former executive of misusing its confidential information while still an employee to build a competing platform, asking a London court to declare it the owner of the new business.
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July 30, 2026
Automatic enrollment into workplace pensions continued to underpin savings in Britain in 2025, the government said Thursday, although an expert at a financial services consultancy has warned that action is needed to ensure people are putting enough away for retirement.
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July 30, 2026
Trustees of the pension plan of chemicals company Hickson International PLC have completed a bulk purchase annuity buy-in worth £208 million ($278 million), pension investor Royal London Group said Thursday.
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July 29, 2026
A Goldman Sachs banker told a New York federal jury how Goldman bailed on backing what prosecutors say was a corrupt deal for a Turkish energy company to bribe Ghanaian officials for a power plant contract, a scenario Goldman uses in compliance training as an example of what to avoid.
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July 29, 2026
A Manhattan federal judge sentenced an electrical engineer-turned-trader to 51 months in prison Wednesday for stealing from investors who backed a bogus, high-tech profit model he pitched before fleeing to Europe.
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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 of 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.