Ex-Deutsche Execs Seek £700M Over Scapegoating Claims

By Sophia Dourou

Four former Deutsche Bank executives who were wrongly convicted have sued the lender for £700 million ($920 million), accusing it of scapegoating them in a move to conceal its historical accounting errors in one of Italy's biggest financial scandals.

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UK Regulators Plan Boost To High-Value Mortgage Lending

By Alex Davidson

Britain's finance regulators have proposed rule changes that would allow individual lenders to increase the volume of residential mortgages they offer that are large compared with the borrower's income, which would boost lending and growth.

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Inheritance Tax Changes To Hit Investment, Advisers Warn

By Josh White

The U.K. government's plans to slash tax relief for inheritance tax on agricultural and business property coming into effect Monday will hit investors and family businesses, advisers told Law360.

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FRC Ends Probe Into KPMG Audit Of Ladbrokes Owner Entain

By Eddie Beaver

The accounting watchdog said Thursday that it has closed its investigation into KPMG LLP's audit of the 2022 consolidated financial statements of international betting company Entain PLC and will not bring enforcement action.

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Ex-Centerview Banker Inks DPA To End Insider Trading Case

By Stewart Bishop

A former Centerview Partners investment banker on Thursday secured a deferred prosecution agreement with Manhattan federal prosecutors that will likely resolve her U.S. legal troubles stemming from her alleged role in a global insider trading ring that made tens of millions of dollars in illicit profits.

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Zimbabwe Minister Says $102M Libyan Bank Claim Is Too Late

By Sophia Dourou

Zimbabwe's minister of finance has denied liability in a claim by Libya's central bank for $102 million over an unpaid loan to a Zimbabwean state-owned fuel distribution company, arguing that the case is time-barred.

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Investors Settle £4.3M Case Against Tax Refund Lender

By Tom Fish

Two investment companies that sued a tax refund lender and its directors for more than £4.3 million ($5.7 million) in unpaid debt have agreed to settle their case.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen data giant Sportrader face action from software company Altenar over alleged market abuse, Mexican billionaire Ricardo Pliego sue a man who allegedly defrauded him out of $415 million, and Warner Bros. bring a copyright claim against a YouTuber who leaked set footage of the upcoming Harry Potter series. Here, Law360 looks at these and other new claims in the U.K. 

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Group Calls For Tougher FCA Rules On Big Investor Conflicts

By Alex Davidson

A trade body called Thursday for the Financial Conduct Authority to close loopholes in its rules exposed by hedge fund Saba Capital's aim to replace Baillie Gifford as investment manager for Edinburgh Worldwide Investment Trust.

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Stephenson Harwood Steers £40M Canada Life Pension Buy-In

By Tom Fish

Canada Life Ltd. said Thursday that it has completed a £40 million ($53 million) full-scheme buy-in with a pension program at a financial services company, securing the retirement benefits of more than 140 members.

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What CMA Blog Reveals About Pricing Collusion Scrutiny

The Competition and Markets Authority's recent blog post announcing capabilities to screen for algorithmic collusion demonstrates that the regulator's concerns are crystallizing into enhanced investigative and enforcement actions, broadening the range of commercial arrangements at risk of antitrust scrutiny, say lawyers at Freshfields.

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