Santander told an appeals court Tuesday it should not pay out £670 million ($896 million) AXA lost when dealing with mis-sold payment protection insurance claims, arguing an earlier judge wrongly found it was liable irrespective of when the policies were sold.
Santander told an appeals court Tuesday it should not pay out £670 million ($896 million) AXA lost when dealing with mis-sold payment protection insurance claims, arguing an earlier judge wrongly found it was liable irrespective of when the policies were sold.
A self-described barter-based payment platform alleging it was improperly placed on an industry blacklist by Deutsche Bank has urged a New York federal judge not to grant the bank's dismissal bid, arguing the German lender has constructed an "unpled 'if ... then' scenario" and asks "the court to assume that it is factual."
The London Stock Exchange said Tuesday that it will allow worldwide investors to trade on its platform continuously from Monday to Friday to boost its appeal across global time zones.
Austrian banking group Bawag is pursuing an Italian province for damages in England, claiming that the province breached a jurisdiction clause in an interest rate swap deal by suing the bank in Italy.
Orrick Herrington & Sutcliffe LLP defeated a Nigerian tourism company's $74 million professional negligence claim over legal advice on an investment deal with The Carlyle Group, as a London judge ruled Tuesday that the claim was time-barred.
Halifax Bank of Scotland has persuaded a tribunal not to increase a £10,000 ($13,400) payout to a former manager who lost her job after returning from maternity leave.
A trade association for British consumer lending businesses called Tuesday on newly appointed Chancellor John Healey to follow through with plans of his predecessor Rachel Reeves to revise the Consumer Credit Act to encourage more investment in the economy.
The government's plan to overhaul rules on pension scams should be tweaked to avoid unnecessary delays to fund transfers, an industry counter-fraud body warned Tuesday.
The government's flagship pension review faces a tough decision in balancing higher long-term retirement savings against lower monthly paychecks for workers, a think tank warned on Tuesday.
M&G said Tuesday that it has taken on £760 million ($1 billion) of pension plan liabilities from a retirement savings program sponsored by FTSE 100 engineering business Smiths Group, in a deal steered by Sackers.
