The Financial Conduct Authority said Wednesday it has fined and banned the former chief executive of a wealth management and stockbroking firm that has since entered administration, finding he failed to properly manage the firm and to put customers' interests ahead of its profits.
The Financial Conduct Authority said Wednesday it has fined and banned the former chief executive of a wealth management and stockbroking firm that has since entered administration, finding he failed to properly manage the firm and to put customers' interests ahead of its profits.
An embattled English council has branded as a baseless "late invention" a business executive's claim that he was entitled to take a £15 million ($20.4 million) fee from the council's solar investments, amid the council suing him for £150 million in failed investments.
Mexican businessman Ricardo Antonio Ponce Gutierrez and his company have filed a claim for 10 million Swiss francs ($12.4 million) in London's High Court against a member of the Floreat investment group, alleging it failed to repay funding provided under two investment agreements.
A prospective buyer of two properties in east London has sued Burges Salmon LLP, alleging that the law firm mishandled information and evidence he provided about potential fraud exposure during the transaction.
Online payment company Quidpay had its legal costs stemming from its funds dispute with a fintech platform trimmed to $400,000 on Wednesday, as a London judge said the award should be cut by a third for making allegations he deemed "unsustainable."
A business executive has told a London court that a Greek bank cannot hold him liable for a €31 million ($36 million) debt allegedly owed by two companies linked to him because it is legally separate from the original lender.
A Lebanon-based bank has denied wrongly refusing to transfer more than $24 million to a Saudi sheikh's Swiss account, arguing that Lebanon's banking crisis made performing the transfer impossible and that complying with the request would now constitute a criminal offense.
