False instructions to lawyers, forged compliance forms and knowingly untrue witness statements helped unravel the cover stories of bankers, executives and their intermediaries in Kuwait's $1 billion pension fund corruption case.
False instructions to lawyers, forged compliance forms and knowingly untrue witness statements helped unravel the cover stories of bankers, executives and their intermediaries in Kuwait's $1 billion pension fund corruption case.
An amateur trader has been handed a two-year suspended sentence by a London court for faking a £154 million ($205 million) takeover bid for a Canadian oil company in an effort to boost its share price.
A group of global institutional investors has sued Kingspan, adding to a series of recent claims on the financial list against the building materials giant.
Geopolitical upheaval and risks posed by artificial intelligence make it more important than ever for central banks to remain independent and accountable to the public, the governor of the Bank of England has warned.
Switzerland's financial regulator said Tuesday that it has finalized changes to its rules against money laundering, updating requirements to reflect recent amendments to national legislation ahead of a Financial Action Task Force review.
Samsung Fire & Marine Insurance said Tuesday that a consortium it leads, including investment firm KKR and the sovereign wealth fund of South Korea, has agreed to acquire an additional 60% stake in international insurer Canopius.
Banco Santander and TSB have begun seeking court approval to merge TSB's operations into Santander UK following their £2.65 billion ($3.6 billion) deal, paving the way for full integration in 2027, TSB said Tuesday.
The funding level of Britain's defined benefit pension plans fell by £5.3 billion ($7.1 billion) last month, the Pension Protection Fund said Tuesday, driven by a fall in government bond yields.
Investor and developer SevenCitiesLdn, backed by SevenCapital, confirmed Monday that it has secured a £163 million ($217 million) loan from Patron Capital against a central London office building.
Under the U.K.'s forthcoming crypto-assets regime, a broad range of activities will be brought within the Financial Conduct Authority's authorization remit, making the application window particularly important for overseas firms serving U.K. consumers, says Mark Chalmers at Davis Polk.
