A former analyst at global asset management firm Janus Henderson used the "cloak" of COVID-19 restrictions to run an insider dealing syndicate while working from home, the Financial Conduct Authority said at the beginning of a criminal trial in London on Thursday.
A former analyst at global asset management firm Janus Henderson used the "cloak" of COVID-19 restrictions to run an insider dealing syndicate while working from home, the Financial Conduct Authority said at the beginning of a criminal trial in London on Thursday.
Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.
Litigation-funder Innsworth told the Competition Appeal Tribunal on Thursday that the negotiating process behind a £200 million ($250 million) settlement to end a mass claim against Mastercard has created conflicts of interest which mean the deal should be refused.
A London appeals court allowed a former supervisor at the U.K.'s financial watchdog to expand his attempt to revive his unfair dismissal claim Thursday, ruling that several grounds that had been previously dismissed should continue to a full hearing.
Britain's top court has broadened the ability of judges to claw back assets on behalf of defrauded creditors in a decision that lawyers say may also catch benign commercial arrangements.
The Gambling Commission has denied that it caused two former top executives at the predecessor of betting giant Entain "unquantifiable" harm by publishing information relating to potential bribery.
The Justice Department and American Express Global Business Travel appear unlikely to settle a government challenge to the planned $570 million purchase of CWT, according to a New York federal court filing that came just a day after the transaction got a boost from U.K. authorities.
A former managing director for Allianz SE's U.S. unit on Thursday avoided a term of imprisonment for his role in a ploy to con investors about the riskiness of a group of private funds that lost over $7 billion when the COVID-19 pandemic hit.
The Financial Conduct Authority has said its plan to delete staff emails after a year is designed to modernize how it manages its records, amid criticism that the proposals undermined transparency at the regulator.
Approximately one in three pension professionals is unclear about the government's priorities for the sector, research by a specialist law firm has suggested, with particular uncertainty over proposals to apply tax to wealth passed on through retirement savings plans.
Tavistock Investments PLC said Thursday that it has wrapped up its acquisition of asset manager Alpha Beta Partners in a deal worth up to £18 million ($23 million) as the financial service business looks to expand into Britain's retail investment market.
Clifford Chance LLP has added two more partners in London to continue the expansion of its global private capital team as it looks to meet the growing demands of clients for expert advice in the space.
