A financial company cannot be held liable for £1.7 million ($2.3 million) in losses from failed property investments, Britain's top court ruled Wednesday, finding that it wasn't responsible for the actions of the firm it appointed to set up the projects.
A financial company cannot be held liable for £1.7 million ($2.3 million) in losses from failed property investments, Britain's top court ruled Wednesday, finding that it wasn't responsible for the actions of the firm it appointed to set up the projects.
The Financial Conduct Authority's decision to open its doors to Palantir could write the script for other agencies to follow as law enforcement and regulators embrace artificial intelligence technology to do more with less, lawyers say.
The Bank of England reported Wednesday a significant rise in industry views that artificial intelligence is the most challenging risk to manage and the most likely to happen as it published its latest survey on protecting the stability of the financial system.
The former owners of a collapsed sports media business have defeated a fraud claim after a court found they had not misrepresented the financial health of the company to convince a joint venture to buy a majority stake for $715 million.
An asset management firm has persuaded a London appeals tribunal to reject the latest attempt by a former senior vice president to show that his dismissal for ill health was an act of disability discrimination.
The Bank of England set out in a letter to the chancellor on Wednesday the details of a regulatory program to facilitate safe innovation in the artificial intelligence industry.
British Business Bank said Wednesday that its venture capital investment vehicle has achieved its first close of £200 million ($266 million) after winning backing from three U.K. pension funds.
Investment manager Ashmore Group has agreed a partnership with Japan Post Insurance Co. Ltd. in which the insurer would acquire a stake of up to 2.9% in the group and invest $1 billion in its managed emerging market funds.
Global mergers and acquisitions rebounded "with a vengeance" in the first three months of 2026, Willis Towers Watson said Wednesday, fueled by a record number of blockbuster transactions even though corporate buyers face global geopolitical turmoil and market volatility.
IG Group Holdings PLC rolled out a share repurchase program worth up to £62.5 million ($83 million) on Wednesday, the first phase of the financial technology company's wider £125 million buyback plan designed to downsize its share capital.
Mercia kicked off on Wednesday a share buyback program worth up to £3 million ($4 million) to return cash to the asset manager's investors and reduce share capital.
Dentons said Wednesday that it has appointed Kirkland & Ellis International LLP lawyer Jack Donelan as a corporate partner in London, a move it expects will strengthen its practice.
