Mercedes-Benz and Volkswagen have joined a group of four other entities challenging the lawfulness of the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system.
Mercedes-Benz and Volkswagen have joined a group of four other entities challenging the lawfulness of the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system.
A former executive at Jusan Technologies, the British financial services holding company, is accusing the company of withholding money he was owed because of his whistleblowing on embezzlement.
Uzbekistan's sovereign wealth fund said Tuesday that it is aiming for a market capitalization of $1.95 billion in its London and Tashkent initial public offering.
A senior solicitor has been fined by a tribunal over an "obvious" conflict of interest by serving as both a bondholder trustee and as a legal adviser to a firm behind a collapsed £237 million ($320 million) mini-bond scheme that defrauded investors.
The government's planned pension reforms passed into law on Wednesday after ministers agreed to introduce last minute guardrails on controversial new powers.
The Bank of England's regulatory arm floated measures on Wednesday that would see funded reinsurance transactions involving U.K. life insurance companies face enhanced regulatory requirements, amid fears its growing use poses wider risks to financial stability.
The Financial Conduct Authority said Wednesday in its latest Market Watch newsletter that businesses must share customer information with each other on market abuse and other financial crime as far as the law allows.
The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.
