Deutsche Bank Escapes FDIC's RMBS Underwriter Claims

By Sydney Price

A brokerage and investment banking arm of Deutsche Bank ducked a lawsuit the Federal Deposit Insurance Corp. had brought against it over investment losses suffered by now-failed Citizens National Bank, after a New York federal judge determined Monday it did not have a relevant role in underwriting residential mortgage-backed securities Citizens bought more than two decades ago.

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Broker Wins Fight For $2M Gold Mine Financing Deal Fee

By William Janes

A finance broker has won a fight to force a mining company to pay its $2.25 million fee for working to secure funding for a gold mine, with a London court ruling Monday that the broker carried out the required tasks.

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Slaughter And May Leads NatWest £2.7B Wealth Manager Buy

By Dawood Fakhir

NatWest said Monday that it has agreed to acquire British wealth manager Evelyn Partners from Permira, a global investment company, and private equity firm Warburg Pincus for £2.7 billion ($3.7 billion) to boost its private banking and wealth management business.

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Lloyds Beats Bias Claims Over Anti-Zionist Staff Posts

By Jamie Lennox

A London tribunal has ruled that Lloyds did not discriminate against two Muslim staffers after they faced disciplinary action for making anti-Zionist statements in 2021 amid Israel's conflict with the Palestinians.

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EY Swerves Tribunal Claim From India-Based Ex-Employee

By Jamie Lennox

A London judge has tossed several claims against EY from a former employee who was based in India, ruling that the tribunal does not have the jurisdiction to hear his case against the consulting giant.

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Boohoo Investors Battle Over Split £177M Sweatshop Trial

By Sophia Dourou

Investors argued on Monday that the question of whether misleading statements by Boohoo on its use of sweatshops induced them to invest in the fast fashion giant should be determined at the second stage of their £177 million ($242 million) claim.

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Brief

€306M Money Laundering Network Sting Leads To 13 Arrests

By William Janes

Law enforcement agencies in the European Union have arrested more than a dozen people in several raids after an investigation into a €306 million ($364.5 million) international money laundering scheme with links to drug trafficking and tax fraud.

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Gov't Issues Gender Pension Gap Reporting Guide For LGPS

By Joel Poultney

The Government Actuary's Department has published guidance designed to help administering authorities within the Local Government Pension Scheme meet their new gender pension gap reporting obligations.

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Audit Watchdog Floats Rule Change For 'Third Way' Pensions

By Joel Poultney

Britain's audit watchdog floated revisions to the actuarial rules used for collective defined contribution pension programs on Monday in the wake of government legislation designed to allow more businesses to join the new plans.

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Schroders, Apollo Team Up On Wealth, Retirement Products

By Najiyya Budaly

British investment manager Schroders PLC and U.S. private equity firm Apollo Global Management Inc. said Monday that they will team up to provide investment and retirement products to wealthy clients on both sides of the Atlantic.

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