Dexia's debt-restructuring swaps with Italy's Comune di Torino are legally binding, a London court held Thursday, rejecting arguments that the municipality could undo the €400 million ($459 million) transactions in proceedings in Italy.
Dexia's debt-restructuring swaps with Italy's Comune di Torino are legally binding, a London court held Thursday, rejecting arguments that the municipality could undo the €400 million ($459 million) transactions in proceedings in Italy.
The finance watchdog said Thursday that it had closed its investigation into Drax Group PLC over its concerns about what the company had told the market about the sustainability of wood it used for biomass fuel.
The director of a private equity company has denied conspiring with a bond market trader to divert a management consultancy's $9.4 million investment to his own company, saying the payments were part of a legitimate venture involving non-fungible tokens.
The financial regulator has said that it is increasingly using supervisory powers and early intervention to prevent harm before launching formal investigations as technological advances and AI accelerate financial crime.
A parliamentary committee has said that the government should hit contractor Capita PLC with heavy fines if it misses agreed-upon deadlines for fixing the ongoing crisis at the Civil Service Pension Scheme.
Financial services firms should overhaul their due diligence checks on suppliers amid the growing use of agentic artificial intelligence in service delivery, according to a new report by Pinsent Masons.
Canada Life Ltd. said Thursday that it has completed a £55 million ($73 million) pension buy-in for an energy sector retirement savings plan that covers more than 700 members.
The Broker Investment Group has said it acquired a majority stake in Scott Blain Insurance Consultants Ltd., which has gross written premiums of around £9 million ($12 million), in its third transaction of the year.
The Financial Conduct Authority’s recent proposals for the governance of information flows in equity initial public offerings represent a recalibration rather than a wholesale deregulation of the current framework by maintaining that connected research be grounded in approved disclosure, say lawyers at Sullivan & Cromwell.
