The Financial Conduct Authority said Wednesday that it has launched an antitrust investigation into U.S. payment companies PayPal Holdings Inc., Visa Inc. and Mastercard Inc. linked to the funding and usage of PayPal's digital wallet.
The Financial Conduct Authority said Wednesday that it has launched an antitrust investigation into U.S. payment companies PayPal Holdings Inc., Visa Inc. and Mastercard Inc. linked to the funding and usage of PayPal's digital wallet.
Britain's pensions arbitration body has said it will expand its frontline casework teams by a fifth this financial year after improved performance results led to additional government funding.
The U.K. retirement watchdog said Wednesday that pension bosses must now focus on their endgame plans, as it revealed that nine in 10 workplace benefit plans are now fully funded.
Winros Partnership, formerly known as Rosenblatt Solicitors, told an appeals court Wednesday that a venture capital firm should pay its £6 million ($8.2 million) bill, arguing it should be allowed to claim the reasonable value of its services.
Liquidators for Saad Investments have launched a professional negligence claim against Morrison Foerster LLP and a senior barrister, who represented the defunct lender in a failed fight for compensation for shares worth $318 million.
A financier based in Greece defrauded Mexican billionaire Ricardo Salinas Pliego out of $450 million, misappropriating stock that the telecommunications baron used to secure a loan after lying about his bona fides, New York federal prosecutors have alleged.
The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.
A trade body for financial institutions in Europe has warned lawmakers that European Union-wide rules on shareholders' rights fail to provide a single definition of shareholders, which could leave some deprived of their rights.
Businesses that offload pension liabilities to an insurance company often see a significant boost to their share prices, according to an analysis released by a broker on Wednesday.
Retirement savings adviser Isio said Wednesday it will acquire London-based financial technology business Collidr for an undisclosed sum, pending clearance from the Financial Conduct Authority.
The Serious Fraud Office’s emphasis on tighter case management and making greater use of technology in its latest business plan suggests a concern with strengthening complex financial crime enforcement, however the agency may not have the resources to deliver meaningful change, say lawyers at Signature Litigation.
