Mastercard and Visa bid at a London appellate court Thursday for a chance to overturn a judgment that found default fees they charged on transactions breached competition law, saying the decision made legal errors.
Mastercard and Visa bid at a London appellate court Thursday for a chance to overturn a judgment that found default fees they charged on transactions breached competition law, saying the decision made legal errors.
The City watchdog said Thursday that it has found weaknesses in the practices of some lenders and brokers in the second-charge mortgage market which could put borrowers with high debt at increased risk of financial harm.
A European Court of Justice advocate general urged the European Union's highest court Thursday to return appeals from Credit Agricole Group and JPMorgan Chase & Co. challenging antitrust fines imposed for manipulating a benchmark interest rate back to a lower court, concluding that court failed to consider enforcer tweaks to the penalties.
A new anti-fraud unit built to disrupt the growing threat to national security posed by online scammers fills gaps left in the enforcement landscape, lawyers say — although there are hurdles for prosecution of suspects, particularly when many scams originate thousands of miles away.
Four former senior Deutsche Bank traders are suing the lender for upward of £600 million ($803 million) in London after they were convicted, but subsequently acquitted, of aiding false accounting and market manipulation in one of Italy's biggest financial scandals.
The Association of British Insurers has given its backing to proposals by Britain's finance watchdog to focus on ensuring long-term value and better outcomes for pension savers in 2026.
Policymakers should slash the statutory deadline for pension transfers from six months to 30 working days, a group of digital retirement savings platforms said Thursday, as they proposed several changes to a system they described as "not fit for purpose."
The European Union's financial markets watchdog set out plans on Thursday to simplify retail investing, having found that consumers mistrust markets because of conflicts of interest, high fees and insufficient enforcement against scams.
U.S. investment firm Long Path Partners said Thursday that it has gained majority backing from shareholders in Idox PLC for its £339.5 million ($455 million) buyout of the U.K. government software provider.
Consulting and administration firm Barnett Waddingham said Thursday it has extended its partnership with specialist coverage firm Pension Insurance Corp. by taking on full administration services for two defined benefit pension schemes progressing toward full buyout.
