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.
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.
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.
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.
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.
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.
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.
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.
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.
With HM Revenue & Customs' recent settlement with Petrofac marking the first public naming of a company for breaches of U.K. trade sanctions, and regulators demonstrating an increasing emphasis on systems and controls, there is clearly a more complex landscape evolving that businesses need to navigate, says Alexandra Melia at Steptoe.
