Odey Created 'False Reality' That He Was Victim, FCA Says

By William Janes

The Financial Conduct Authority told a tribunal on Tuesday that banned hedge fund manager Crispin Odey created a "false reality" that he was the victim amid disciplinary proceedings linked to allegations of sexual misconduct against staff.

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Watchdog Proposes EU-Wide Plan To Trim Reporting Burden

By Alex Davidson

The European Union financial markets watchdog has launched proposals to simplify reporting on funds and broader transactions by slashing the regulatory burden on both businesses and national regulators.

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AllSaints Owner Seeks To Bar Ex-Chair's Fresh Share Claims

By Ronan Barnard

The owner of fashion brand AllSaints urged a London judge Tuesday to block the company's former chair from issuing new claims linked to his dispute about a 2011 agreement to sell his shares in the chain.

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Anthropic Launches AI Biz With Goldman Sachs, Blackstone

By Alex Davidson

Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses, including in the U.K., invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.

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CMS, Squire Patton Guide Food Co. On £160M Pension Buy-In

By Tom Fish

Bakkavor Foods Ltd. has completed a £160 million ($217 million) full scheme buy-in with its pension program, securing the retirement benefits of the plan's 2,216 members, U.K. pensions insurer Rothesay said Tuesday.

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Brief

HSBC Reports $400M Credit Loss Linked To Fraud

By Eddie Beaver

HSBC Holdings PLC said Tuesday that its expected credit losses for the first quarter of 2026 were $400 million higher compared to a year ago, driven by a fraud-related exposure tied to a U.K. financial sponsor in its corporate and institutional banking division.

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Brief

Broker WTW Completes Purchase Of NatWest Fintech

By Irene Madongo

Insurance broker WTW said Tuesday it has completed its acquisition of Cushon, a workplace pension and savings provider, from NatWest Group after getting the thumbs-up from the Financial Conduct Authority.

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Brief

DLA Piper Partner To Join Arc Pensions Law In London

By Irene Madongo

Arc Pensions Law said Tuesday it has hired lawyer Matthew Swynnerton, a partner at DLA Piper and the chair of the Association of Pension Lawyers.

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EU Defense Road Map Opens Doors To New Market Entrants

The European Economic and Social Committee's and European Investment Bank Group’s recent endorsements of the European Commission’s EU defense industry transformation road map signal positivity for ongoing implementation, making public procurement more accessible to innovative newcomers and creating fresh opportunities to participate in security-relevant innovation projects, say lawyers at Dechert.

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