Baltic Exchange accused Mercuria in closing arguments at the High Court on Thursday of trying to escape the consequences of a failed trading strategy by challenging a freight benchmark that it says was reliable despite disruption in the Strait of Hormuz.
Baltic Exchange accused Mercuria in closing arguments at the High Court on Thursday of trying to escape the consequences of a failed trading strategy by challenging a freight benchmark that it says was reliable despite disruption in the Strait of Hormuz.
The board of Metro Bank said Thursday that it has begun a formal sale process to seek and assess potential offers in a wider review of its options, three years after the lender narrowly avoided a crisis.
The Financial Conduct Authority proposed reforms on Thursday that would give pension providers greater freedom to invest in a wider range of assets in its broader bid to improve value for retirement savers.
A British trader was given leave on Thursday to appeal against his extradition to the United States, where federal prosecutors want him on hacking charges.
Ireland's Central Bank said Thursday it has fined a former HealthBeacon employee €67,580 ($74,800) for selling shares in the medical technology company while possessing confidential information about supply chain problems that later sharply lowered its share price.
The FBI has seized more than $1.2 billion of cryptocurrency recently stolen from the world's largest crypto exchange, Binance, according to an FBI statement Thursday — the same day Binance announced that it has replaced all assets stolen in the heist.
A foreign exchange broker must pay a Swiss financial services provider more than $3 million after a judge ruled that concerns about unauthorized speculative trading did not entitle the broker to cancel currency contracts without paying their market value.
French hospitality multinational Accor argued at a London trial Thursday that it was entitled to walk away from a development deal for a prospective Scottish hotel, saying the developer had no real prospect of getting the hotel built.
A lender has sued a former property company director for £3.2 million ($4.2 million), alleging that he concealed assets when settling his liability, including by transferring land to his ex-wife to keep it beyond the lender's reach.
Banqup Group SA said Thursday is "progressing" with talks to sell its Balkan operations for €11.5 million ($12.7 million), as the Belgian financial technology company moves to streamline its business and repay debts.
