The London branch of Deutsche Bank AG has been fined £165,000 ($221,000) for processing two payment requests from an Apple subsidiary to a Russian app developer, the U.K.'s sanctions enforcer said Tuesday.
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Deutsche Bank Fined Over Apple Unit's Russia Payments

By Eddie Beaver

The London branch of Deutsche Bank AG has been fined £165,000 ($221,000) for processing two payment requests from an Apple subsidiary to a Russian app developer, the U.K.'s sanctions enforcer said Tuesday.

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Pensions Commission Report Points To New Policy Direction

By Martin Croucher

Higher retirement savings contributions and tougher rules on pension freedoms are probably on the cards, a former government minister said Tuesday, after a report found that 15 million people are not saving enough for later life.

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Cyber Breaches Cost UK Firms £3.7B In Litigation Fallout

By Martin Croucher

Cyberattacks on businesses in Britain are estimated to have cost £3.7 billion ($5 billion) in litigation in 2025, an insurance broker has said, warning that many do not have sufficient cover to protect against legal and reputational damage caused by a major breach.

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POLICY & REGULATION

Biz Lobby Calls For Reform Of Public-Private Partnerships

By Najiyya Budaly

A business lobby called on the government on Tuesday to reform partnerships with the private sector that finance the building of schools, hospitals and roads, in a move to make them more consistent and reliable.

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EU Closes In On Mandatory Scrutiny Of Key Sector Deals

By Tom Fish

The European Parliament approved tightened new rules governing foreign investments in sensitive sectors across the bloc on Tuesday, a significant step in its drive to protect economic security and reduce dependence on external powers.

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LITIGATION

Innsworth Challenges Share Of Mastercard Settlement Sum

By Joanne Faulkner

Litigation funder Innsworth told the High Court on Tuesday that the distribution of a £200 million ($268 million) settlement from a U.K. mass claim against Mastercard is "illogical" and "flawed" in the first case to test a Competition Appeal Tribunal settlement decision.

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LAW FIRMS IN TODAY'S NEWS

Akin Gump

Brick Court Chambers

Browne Jacobson LLP

Covington & Burling

Essex Court Chambers

Fountain Court Chambers

Monckton Chambers

Thompsons Solicitors

Willkie Farr

COMPANIES IN TODAY'S NEWS

Apple Inc.

Deutsche Bank AG

Marks & Spencer

MasterCard Inc.

Sberbank of Russia

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

European Commission

European Parliament

European Union

House of Commons of the United Kingdom

Office of Financial Sanctions Implementation

U.K. Foreign & Commonwealth Office

UK High Court

UK Pensions Regulator