The Bank of England said Tuesday that the Financial Services Compensation Scheme will increase the limit for reimbursement on deposits held by customers of failed banks to £120,000 ($158,000) from December.
The Bank of England said Tuesday that the Financial Services Compensation Scheme will increase the limit for reimbursement on deposits held by customers of failed banks to £120,000 ($158,000) from December.
A London court has ordered an aspiring web developer to pay back £4.1 million ($5.4 million) worth of cryptocurrency after he was convicted of hacking high-profile Twitter accounts and money laundering in the U.S.
Trading company Trafigura told the High Court on Monday that Prateek Gupta and his companies defrauded it out of $600 million in a sham nickel trade, opening a long-awaited trial over Trafigura's purchase of purported nickel shipments that turned out to be "worthless."
A former client of McFaddens LLP cannot revive her claim that the law firm gave her negligent advice over a missold loan, after a judge ruled Monday that her filing key details of the case late was "a serious and significant" breach.
A criminal defense solicitor fought allegations in a London disciplinary tribunal Monday that he had instructed a client to falsely deny allegations of corruption and to fabricate a narrative for their high-profile trial.
Fraudulent claims in the U.K. general insurance sector rose again in 2024, with those linked to motor cover driving much of the increase, the Association of British Insurers warned on Monday.
The Bank of England said Monday that it has found in a stress test that major life insurers can withstand large market shocks — but some are unprepared for risky outcomes from transferring responsibility for pension payouts through funded reinsurance.
Wolseley Group, the U.K.'s largest specialist merchant for plumbing, heating, cooling and infrastructure products, has offloaded pension liabilities worth £600 million ($790 million) to insurance giant Aviva in a deal guided by Freshfields and CMS, the insurer said Monday.
Société Générale said Monday it will roll out a new €1 billion ($1.2 billion) share repurchase program, a move expected to lower its outstanding share capital.
Charles Russell Speechlys LLP said on Monday that it has hired a corporate lawyer as a partner to its team in London to boost the firm's global funds and real estate practice.
