A manager at the City watchdog who conducted its supervision of Crispin Odey's hedge fund rejected the financier's allegations that pressure from the watchdog made other executives incapable of fairly disciplining him over allegations of misconduct.
A manager at the City watchdog who conducted its supervision of Crispin Odey's hedge fund rejected the financier's allegations that pressure from the watchdog made other executives incapable of fairly disciplining him over allegations of misconduct.
Two former directors of a robotics investment company have sued SoftBank Robotics UK and investment firm Reditus Capital for at least £8 million ($10.7 million), alleging it forced them out of the business.
Lex Greensill failed Wednesday to strike out U.K. government proceedings to disqualify him as a company director, as a London court ruled that a full trial is needed to assess the fairness of the investigation running up to the case.
Barclays Bank wasn't entitled to treat as a corporate tax deduction £800 million ($1 billion) of £3 billion raised issuing debt instruments in a deal with Qatar and Abu Dhabi, HM Revenue & Customs argued Wednesday, because the bank gave away certain securities as a "sweetener" for the deal.
The owner of failed U.K. mortgage provider Market Financial Solutions has been hit with a worldwide freezing order, administrators said Wednesday in the wake of fraud allegations following its collapse in February with debts in excess of £1 billion ($1.3 billion).
The Financial Conduct Authority set out clearer rules on Wednesday for how regulated financial services businesses report cyber-attacks and IT breakdowns, as the number of incidents rises.
A campaign group for current and retired civil servants has welcomed the "continued progress" in reducing the number of cases of missed pension payments to retirees, but said that members of the program that is engulfed in administrative chaos still face delays.
Austrian bank BAWAG confirmed on Wednesday that it has made a takeover bid for Permanent TSB, after the government-owned Irish lender put itself up for sale in October.
British furniture manufacturer Hille Ergonom has completed a £4 million ($5 million) buyout transaction with Aviva, securing the benefits of 74 members, a consultancy said Wednesday.
