RBS Rights Trial Postponed Until June As Settlement Nears
"Logistical problems” in contacting a small number of the thousands of investors who are suing Royal Bank of Scotland PLC over its £12 billion ($15.6 billion) rights issue are preventing the two sides from reaching a formal settlement, counsel for the investors told London's High Court on Wednesday.
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The Court of Appeal in London has allowed a car crash victim to pursue a motor insurance claim against an unknown driver even though police had identified the vehicle responsible for the collision.
Global regulators said Tuesday that international misconduct in financial services has risen to unacceptable levels, as they pave the way for major board-level crackdowns.
A credit card services firm has sued Barclays PLC for £1.06 billion ($1.38 billion) in damages after the bank sold it portfolios of credit card agreements in 2007 which the company says were rendered “worthless” as a result of the bank's misselling of a payment protection product.
Liberty Specialty Markets, one of Lloyd’s of London biggest insurers, is preparing to establish an operation in Europe to help avoid the disruption of Brexit, the firm revealed on Tuesday.
Bank Leumi, one of Israel’s biggest banks, has resisted a claim in London’s High Court that it owes the European unit of U.S. insurance giant AIG nearly £600,000 ($778,200) under a reinsurance agreement.