Capita lost its bid on Tuesday to strike out a £4 million ($5.5 million) claim over the fallout from a cyberattack, with a London court rejecting the outsourcing giant's argument that the claimants' lawyers "tainted" the case by embellishing allegations of harm.
Capita lost its bid on Tuesday to strike out a £4 million ($5.5 million) claim over the fallout from a cyberattack, with a London court rejecting the outsourcing giant's argument that the claimants' lawyers "tainted" the case by embellishing allegations of harm.
The Financial Conduct Authority said Tuesday it has started legal action against global crypto exchange HTX for illegally promoting crypto asset services to U.K. consumers, amid continuing communications on platforms including X, YouTube and LinkedIn.
Credit provider International Personal Finance said Tuesday that it will delay a vote by shareholders on its proposed takeover for £543 million ($742 million) by U.S. specialist finance group BasePoint Capital after an investor voiced opposition to the deal.
The Financial Conduct Authority said Tuesday that it has hit a former interim financial director and a trader with a combined fine of £108,731 ($148,800) for insider dealing in shares in an advertising technology company.
Legal commentator Dan Neidle asked a court on Tuesday to use new powers to throw out an £8 million ($11 million) libel claim accusing the former Clifford Chance partner of engaging in a vendetta against a barrister, arguing that the claim was launched to silence him.
A retired anesthesiologist and his sons have sued HSBC's U.S. arm, accusing it of ignoring warning signs and allowing scammers to siphon more than $8 million from the elderly retiree's accounts through an international "romance pig butchering" fraud.
The Financial Conduct Authority will require lenders to conduct affordability checks and give consumers clearer information before they borrow under deferred payment plans, Britain's financial watchdog said Wednesday as it moves to regulate the rapidly growing "buy now, pay later" sector.
Businesses should carry out a "clear, organization-wide review" of their company's pension processes to avoid falling foul of evolving regulatory obligations on retirement savings, Hymans Robertson said Tuesday.
Approximately four in five U.K. defined benefit pension schemes are now in surplus in what has become an "extremely well-funded" landscape, a financial services consultancy said Tuesday.
An arts-based university in the U.K. has finalized a £12 million ($16 million) bulk purchase annuity buy-in with Just Group, consultancy First Actuarial said Tuesday.
The U.K. pension deals market is likely to hit £70 billion ($95.6 billion) in transactions in 2026, an insurance brokerage firm said Tuesday, despite headwinds from possible regulatory intervention.
Barclays said Tuesday that it will run a share buyback program of up to £1 billion ($1.37 billion) as part of its 2025 returns for shareholders as the British lender disclosed strong financial performance for the year.
Lloyds Banking's recent purchase of gilt with tokenized deposits is an example of banks' preference for the instrument over stablecoins, which present uncertainty by demanding compliance with multiple conduct regimes, says Dan Jones at MoFo.
