Financial Services UK

  • October 07, 2026

    A&O Shearman Hires Stephenson Harwood Secondaries Team

    A&O Shearman said Wednesday that it has recruited two partners and the rest of their secondaries team from Stephenson Harwood to help drive growth of the business in London.

  • September 30, 2026

    Ex-NCA Officer Ordered To Repay £1.8M After Bitcoin Theft

    A former National Crime Agency officer will have to repay more than £1.8 million ($2.7 million) after he stole 50 bitcoins during an investigation into dark web drug dealing, prosecutors said on Wednesday.

  • September 30, 2026

    Knight Frank Faces £17M Claim Over Property Valuations

    An investment firm has sued Knight Frank LLP for £17.2 million ($22.8 million), alleging that the property adviser negligently overvalued a portfolio of residential properties used to secure an £80 million loan.

  • September 30, 2026

    Crypto Firms Can Seek FCA Approval As New Gateway Opens

    Crypto firms can now apply to the Financial Conduct Authority for permission to operate, as part of a wider push to strengthen the U.K.'s position as a global hub for crypto-assets, the City regulator said Wednesday.

  • September 30, 2026

    Court Rescues Co. Wrongly Charged £1.7M For Bitcoin Scam

    The Court of Appeal has overturned a judgment requiring a cryptocurrency exchange to pay £1.7 million ($2.3 million) to the victim of a bitcoin scam, finding that the company was blameless and the order based on flawed evidence.

  • September 30, 2026

    K&S Law-Led Liontrust To Buy Fund Manager Unit For £10M

    Liontrust said Wednesday it has agreed to purchase Hawksmoor Investment Management's fund management and model portfolio services business for up to £10 million ($13.3 million) in cash to expand its client base.

  • September 30, 2026

    Nuveen's £10B Takeover Of Schroders Wins Court Approval

    Nuveen can proceed with its £9.9 billion ($13.2 billion) takeover of Schroders after the High Court sanctioned the deal, clearing the way for the City investment manager to be taken private.

  • September 29, 2026

    Binance Unauthorized Derivatives Claim Swells To £250M

    More than 1,000 investors have joined a group action case accusing Binance of illegally selling them high-risk derivatives products, increasing the value of the claim to £250 million ($331 million), their lawyers said Tuesday.

  • September 29, 2026

    AI Smashes Defenses Of Crypto Applicants For FCA Regime

    Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.

  • September 29, 2026

    Paralegal Loses Appeal To Revive Case Against Recruiter 

    A paralegal has lost his bid to revive discrimination claims against the Financial Ombudsman Service and a recruitment agency, after a tribunal found he missed the deadline to appeal by six days. 

  • September 29, 2026

    Barclays Wins Approval For Targeted Investment Support

    The Financial Conduct Authority has approved Barclays' plan to reach new customers with more personalized investment advice, the bank said Tuesday.

  • September 29, 2026

    MFS Boss Blames Barclays For Collapse In £1.3B Fraud Case

    The former owner of Market Financial Solutions has denied siphoning off £1.3 billion ($1.7 billion) from the property finance business, blaming Barclays for its collapse.

  • September 29, 2026

    Julius Baer Must Hold Extra Capital As Swiss AML Probe Ends

    Julius Baer must hold at least 250 million Swiss francs ($300 million) in additional capital and obtain regulatory approval for payments to shareholders after Switzerland's financial regulator found Tuesday that the bank breached risk management and anti-money-laundering requirements.

  • September 28, 2026

    British Airways Beats £5.8M Tax Bill For Worker Hotel Stays

    Money that British Airways spent on London hotel rooms for cabin crew members working back-to-back shifts was not employee income subject to nearly £5.8 million ($7.7 million) in taxes, a U.K. court ruled Monday, saying the funds were deductible travel expenses.

  • September 28, 2026

    Scottish Broker Accused Of Embezzlement Ruled Bankrupt

    The Financial Conduct Authority on Monday said it has secured a bankruptcy order against a Scotland-based insurance broker who is currently awaiting trial on embezzlement charges. 

  • September 28, 2026

    SocGen, Vodafone Get EU Approval For German Fiber Co. Buy

    The European Commission said Monday it has cleared banking giant Société Générale and telecoms company Vodafone GmbH's plan to jointly own German fiber network OXG Glasfaser.

  • September 28, 2026

    FCA Secures Refund For Victims Of £1.5M Crypto Fraud

    The Financial Conduct Authority said Monday it has secured more than £850,000 ($1.1 million) in confiscation orders against two individuals involved in a £1.5 million crypto-investment fraud.

  • September 28, 2026

    Binance, Kraken Bid To Decertify Shrunken BSV Class Action

    A group of cryptocurrency exchanges urged the Competition Appeal Tribunal on Monday to toss out a class action by crypto traders, arguing that the greatly reduced value of the once £10 billion ($13.3 billion) claim means that litigation costs outweigh benefits to the class.

  • September 28, 2026

    EU Watchdog To Expand Supervisory Reach In 2027

    The European Union's markets watchdog said Monday that it will expand supervision in several financial sectors in 2027 and step up efforts to align member states' oversight of crypto-asset companies.

  • September 28, 2026

    2 Men Deny Role In Alleged Tax Avoidance Scheme

    Two men accused of defrauding the government by running a tax-avoidance scheme pled not guilty on Monday, with a trial due to be held in spring 2027.

  • September 28, 2026

    Irish Landlord Open To €727M Approach From Barings

    Irish Residential Properties said Monday that it is open to being acquired by asset manager Baring International Investment for approximately €727 million ($827 million) in a proposed cash takeover offer.

  • September 25, 2026

    Online Gambling Co. Wins £13M Tax Appeal Over Free Spins

    A gambling company isn't liable for about £13.2 million ($17.5 million) in U.K. remote gaming duties because free spins it awarded as prizes from a game for new users qualified for an exclusion from those duties, a London court said Friday.

  • September 25, 2026

    EU Banking Regulator Calls For Tougher Crypto Rules

    The European Union's banking regulator Thursday urged the European Commission to tighten rules on stablecoins and bring lending and decentralized finance platforms under the bloc's crypto rules.

  • September 25, 2026

    Gupta Denies Knowing $7M Nickel Shipment Was Fake

    Indian metals tycoon Prateek Gupta has hit back against a $7 million claim by a U.K. commodities trader, denying fraudulently misrepresenting that a cargo of worthless metal was valuable nickel.

  • September 25, 2026

    Gaps In FCA's Crypto-Regime Leave Insider Dealing Risk

    Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.

Expert Analysis

  • How UK Proposal On Late Payments Could Affect SMEs

    Author Photo

    The U.K. government’s ongoing late payments consultation would claw back much-needed leverage for small and midsize enterprises negotiating with large organizations, should the reforms be implemented as proposed, say lawyers at Shoosmiths.

  • Waldorf Ruling Signals Recalibration For Restructuring Plans

    Author Photo

    The recent High Court landmark judgment refusing to sanction Waldorf Production PLC's restructuring plan underscores a change in the way courts assess whether such plans are fair, indicating not their demise but a pivotal moment in their evolution, say lawyers at Simpson Thacher.

  • Key Points From UK And Japan's Antitrust Cooperation Pact

    Author Photo

    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is a meaningful step that offers cross-border businesses an improved foundation for earlier alignment and better risk management, say lawyers at Steptoe.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

    Author Photo

    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

  • What Draft AML Reforms Mean For UK Financial Sector

    Author Photo

    HM Treasury’s recently published draft regulations amending the U.K. Money Laundering Regulations, although not as material as expected, are a step toward a targeted risk-based approach, which the industry will welcome, say lawyers at Ropes & Gray.

  • What Key EU Data Ruling Means For Cross-Border Transfers

    Author Photo

    The European Union Court of Justice’s recent judgment in European Data Protection Supervisor v. Single Resolution Board takes a recipient-specific approach concerning pseudonymized information, but financial services firms making international transfers should follow the draft EU Data Protection Board guidelines’ current stricter approach, says Nathalie Moreno at Kennedys Law.

  • EU-US Data Transfer Ruling Offers Reassurance To Cos.

    Author Photo

    The European Union General Court’s recent upholding of the EU-U.S. Data Privacy Framework in Latombe v. European Commission, although subject to appeal, provides companies with legal certainty for the first time by allowing the transfer of European Economic Area personal data without relying on alternative mechanisms, say lawyers at Wilson Sonsini.

  • Privy Council Shareholder Rule Repeal Is Significant For Cos.

    Author Photo

    The recent Privy Council ruling in Jardine v. Oasis Investment abrogates the shareholder rule, which precluded a company from claiming legal advice privilege for document production in shareholder litigation, providing certainty to company directors seeking legal advice, say lawyers at Harneys.

  • Supreme Court Ruling Stands Firm On Trust Law Principles

    Author Photo

    The U.K. Supreme Court’s recent strict application of trust law in Stevens v. Hotel Portfolio may render it more difficult for lawyers in future cases to make arguments based on a holistic assessment of the facts, says Olivia Retter at Quinn Emanuel.

  • FCA's Woodford Fine Sends Warning To Fund Managers

    Author Photo

    The Financial Conduct Authority’s recent decisions concerning Neil Woodford and the collapse of Woodford Investment Management mark an important moment for the U.K. investment industry, underscoring the regulator's focus on senior managers' personal accountability and the importance of putting investors’ interests at the heart of decision-making, say lawyers at Irwin Mitchell.

  • UK Supreme Court Dissent May Spark Sanctions Debate

    Author Photo

    While the recent U.K. Supreme Court's rejection of Eugene Shvidler’s appeal determined that sanctions decisions are primarily the government’s preserve, Justice Leggatt’s dissenting view that judges are better placed to assess proportionality will cause ripples and may mark a material shift in how future appeals are approached, say lawyers at Seladore.

  • What EBA Report Means For Non-EU Financial Firms

    Author Photo

    In a recent report concerning unregulated third country banks, the European Banking Authority decided not to extend a bank-to-bank exemption under the Capital Requirements Directive, raising a number of compliance issues for cross-border services, say lawyers at A&O Shearman.

  • HMRC's Automation Shift Likely To Alter Tax Adviser Role

    Author Photo

    HM Revenue & Customs’ recently released digital transformation road map promises greater efficiency and a modernized compliance regime, but the increased automation could also mean that the tax adviser role will become more proactive and more defensive, say lawyers at RPC.

  • How AI May Have Made A Difference In Monzo Bank Breaches

    Author Photo

    Artificial intelligence tools have the capabilities needed to keep pace with increasingly sophisticated threats, and such tools might have helped prevent the anti-money laundering failures that led to the recent £21.1 million fine against Monzo Bank, says Alexander Vilardo at Howard Kennedy.

  • Charting A Course For The UK's Transition From Paper Shares

    Author Photo

    The recent report from the U.K.'s Digitisation Taskforce, recommending modernization of how shares in U.K.-listed companies are held, makes it clear that while moving from paper shares to an intermediated system is a positive step, the transition will not be without complications, say lawyers at HSF Kramer.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Financial Services UK archive.