A London court rejected Innsworth's bid on Wednesday to challenge the distribution of a £200 million ($268 million) settlement with Mastercard, backing the finding of an appeals tribunal that a greater return for the funder would have been "excessive."
A London court rejected Innsworth's bid on Wednesday to challenge the distribution of a £200 million ($268 million) settlement with Mastercard, backing the finding of an appeals tribunal that a greater return for the funder would have been "excessive."
Online payment company QuidPay has sued a digital bank over the decision to suspend its accounts because of alleged fraudulent transactions linked to its clients, and unlawfully retaining millions of pounds.
A company owned by Iranian-American telecoms entrepreneur Bita Daryabari accused a property developer Wednesday of defrauding it out of more than £2.3 million ($3 million) over four years by understating rental income from a luxury apartment.
The U.K.'s regulator for auditors, accountants and actuaries said Wednesday that it had launched an investigation into a member of the profession over information they gave to the auditor of P&O Ferries.
The European Union's fraud prosecutor won its fight on Wednesday to force the bloc's auditing agency to lift confidentiality for 12 officials so they can give evidence to an investigation into recruitment "irregularities" concerning one of the auditor's employees.
The government has launched a group to help strengthen trust in artificial intelligence as part of its broader bid to encourage wider adoption of the new technology.
Intense competition between insurance companies is helping U.K.-based defined benefit pension plans achieve "unprecedented" retirement deal pricing, Lane Clark & Peacock has said.
Beckett Investment Management Group has acquired local financial planning specialist Norfolk & Suffolk Financial Services, in a move it expects will strengthen its presence in eastern England.
