Crispin Odey failed to overturn his ban from working in the financial services industry on Monday as a tribunal upheld misconduct findings that the former hedge fund boss had thwarted an internal probe into allegations of sexual harassment.
Crispin Odey failed to overturn his ban from working in the financial services industry on Monday as a tribunal upheld misconduct findings that the former hedge fund boss had thwarted an internal probe into allegations of sexual harassment.
The British government said Monday that it plans to nationalize Speciality Steel UK after a private deal for the steel manufacturer fell through during insolvency procedures stemming from the collapse of its primary lender, Greensill Capital.
The Financial Conduct Authority said Monday it could exempt certain tokenized gold products from U.K. fund regulations, making it easier to trade digital versions of physical bullion and use it as collateral.
The architect of a scam involving water-bottling projects that defrauded investors out of £4 million ($5.4 million) told his victims he wasn't like "unscrupulous rogues" who run off with people's money, a prosecutor told the trial Monday.
The U.K. government will recruit 500 new officers to target money laundering and organized crime as part of a £500 million ($674 million) crackdown on criminal finances, the Home Office said Monday.
A judge has ruled against savers seeking restitution for failed pension investments, finding that the Financial Services Compensation Scheme was right to reject their claims for allegedly lost returns on investments because they were filed too late.
Visa and Mastercard are facing a new competition claim from a water company and two hotel companies over interchange fees the companies say inflated the cost of accepting commercial payment cards, the latest in a series of U.K. swipe-fees disputes against the payments giants.
The Labour government shouldn't risk growth by raising taxes on financial and professional services at a time when the economy is fragile, the City of London Corp. said Monday.
Financial technology company Chift API said Monday that it has raised €10.5 million ($12.7 million) in Series A funding to expand its software platform across Europe.
