Visa and Mastercard won their bid for permission to appeal a ruling that found their swipe fee schemes had violated competition rules, with the Competition Appeal Tribunal ruling Tuesday that all the credit card giants' grounds of appeal merit a full hearing.
Visa and Mastercard won their bid for permission to appeal a ruling that found their swipe fee schemes had violated competition rules, with the Competition Appeal Tribunal ruling Tuesday that all the credit card giants' grounds of appeal merit a full hearing.
Barclays Bank defended its tax treatment of £3 billion ($4 billion) in debt instruments issued during the financial crisis, telling the U.K. Upper Tribunal on Tuesday that £800 million should be deductible as a debit arising from a loan.
The Bank of England's regulatory arm proposed tougher rules on Tuesday to help ensure that banks, building societies and larger investment companies can speedily cash out on liquid assets, as it learns from the events at Silicon Valley Bank UK and Credit Suisse.
A London court on Tuesday ordered an inquiry into losses allegedly caused by a worldwide asset freeze obtained by Mex Group against two business executives and a financial services company, after the group abandoned its £85 million ($114 million) proceedings underpinning the freeze.
A private equity firm has lost its bid for an early win in its £50 million ($66.7 million) claim that the previous owner of a software business it acquired breached warranties by incorrectly stating that the company had necessary software licenses.
Jewelry magnate Nirav Modi argued in a London court on Tuesday that his extradition to India over an alleged $2 billion fraud should be blocked because he would be at risk of torture during interrogation if he was prosecuted there.
A Nigerian tourism business fought on Tuesday to save its claim that Orrick Herrington & Sutcliffe LLP caused it to lose almost $74 million by negligently advising on an investment deal with private equity giant Carlyle Group.
The Financial Conduct Authority released Tuesday its regulatory priorities for consumer finance providers in a report, calling on boards and chief executives of motor finance businesses to work constructively with the regulator on redress.
The government has revealed that a new working group has been set up to develop statutory guidance to support retirement scheme trustees in their investment decision-making.
Britain's pensions regulator urged defined contribution pension programs on Tuesday to consider consolidating after new data showed a sharp drop in the number of schemes and continued dominance by master trusts.
Victory Capital Holdings urged Janus Henderson Group on Tuesday to engage on a revised takeover proposal that boosts the cash portion of its bid while trimming the stock component, a move that Victory said provides greater value certainty to Janus and its shareholders.
