'Snow White' Email Shows Staley's Ties To Epstein, FCA Says

By Christopher Crosby

The inability of former Barclays boss Jes Staley to remember "now infamous" emails with Jeffrey Epstein undermines his credibility and his attempts to overturn his ban for lying about his ties to the sex offender, the Financial Conduct Authority said Wednesday.

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Analysis

Enablers In The Spotlight As First Al-Fayed Claims Emerge

By Adele Redmond

Employers that allow sexual misconduct to go unpunished in the workplace are increasingly likely to be held liable, lawyers warn, as five women who worked for the late billionaire Mohamed Al-Fayed launch claims against his estate.

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Former Wyelands Director Fined £72K For Risky 'Failings'

By Alex Davidson

The Bank of England's regulatory arm said Wednesday that it has fined George Hambro, a former non-executive director of Wyelands Bank PLC, £72,000 ($93,000) for failings that threatened the safety of the now-inactive lender.

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Top UK Court Says Arraignment Failure Won't Void Conviction

By William Janes

Britain's top court on Wednesday reinstated the conviction of a man who was found guilty of murder for a second time after a retrial, ruling that convictions should not be overturned because of a procedural failure to conduct a second arraignment.

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Law Firms Urged To Turn Up Client Wealth Scrutiny

By Eddie Beaver

Solicitors in England and Wales must demand credible explanations for clients' wealth, or risk the public seeing firms as enablers of "kleptocracy, state capture and grand corruption," a charity task force warned Wednesday.

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Funeral Director Charged With Fraud Over Care For The Dead

By Christopher Crosby

Prosecutors have charged a funeral director in northern England with fraud and false representation as part of a major investigation into the way the remains of dozens of the recently deceased were cared for and managed.

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Deutsche Bank Units Fined €25M In 'Greenwashing' Case

By Najiyya Budaly

Two subsidiaries of Deutsche Bank AG have been fined a total of €25 million ($27 million) for failing to fulfill environmental, social and governance promises in promotional materials for investment products, the Frankfurt Prosecutor's Office said Wednesday.

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Class Rep Says Appeal Court Entitled To Allow £2.7B FX Claim

By Sophia Dourou

A class representative said Wednesday that the Court of Appeal was entitled to allow a £2.7 billion ($3.5 billion) foreign exchange claim to go ahead as an opt-out class action, arguing Britain's specialist competition tribunal was wrong to effectively end the proceedings.

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Ex-Metro Bank CFO Followed Legal Advice Over £900M Error

By Ronan Barnard

Metro Bank PLC's former chief financial officer, David Arden, said at a London tribunal Wednesday that he had followed legal advice when preparing to publish a market announcement at the center of a £900 million ($1.1 billion) reporting scandal, arguing he and the bank's former chief executive officer should not face "career-ending allegations" for doing so.

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Consumers Tell UK Justices Car Dealers Owe Transparency

By Joanne Faulkner

Consumers bringing a test case on motor finance commissions told the U.K. Supreme Court in a hearing Wednesday that car dealers arranging financing for the purchase of vehicles were acting as "classic" credit brokers and owed a duty to act in borrowers' best interest.

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Ankle Tag Maker Sues Sacked CEO Over Ties To Shareholders

By Tabitha Burbidge

A company which makes technology for monitoring people remotely has brought legal action against its ousted chief executive, alleging that she lied about her interest in the company's shareholders and stole funds from the business.

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Experian Completes $350M Deal For Brazil Biz ClearSale

By Irene Madongo

Multinational Experian PLC said Wednesday it has completed its acquisition of Brazil-based ClearSale SA in a $350 million deal that the credit reference agency said will broaden its offering to include transaction fraud detection in account opening.

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