A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.
A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.
The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.
Six former City traders will seek to overturn their convictions in an appeal on Wednesday following a ruling by the U.K. Supreme Court ruling that exposed judicial errors in the Serious Fraud Office's prosecutions and cast doubt on the safety of their verdicts.
An international tribunal has ordered Russia to pay nearly $181 million plus interest to Ukraine's largest commercial bank for expropriating its Crimean assets and $11.5 million plus interest to the operator of a private airport in Crimea.
A fund management arm of ICG PLC told a London court Tuesday that Colliers International owes it more than £4 million ($5 million) for negligently overvaluing a shopping mall used as security for a loan by more than 40%.
The European Union's insurance watchdog warned in a report on Tuesday that private equity companies' pursuit of quick returns and willingness to take greater risks can conflict with their responsibility to ensure insurers and reinsurers remain financially sound.
Specialist real estate finance provider Maslow Capital said Tuesday that it has completed a £136.8 million ($181.6 million) facility for developer Vita Group, secured against two residential towers in Manchester.
Real estate financier Iron Bridge said Tuesday it has launched a new residential development business focused on London and the southeast of England, with a 44-home undertaking in the capital as its first project.
The British Business Bank has said it will increase its existing property development guarantee facility with Shawbrook to £350 million ($464 million), in a move to increase the U.K.'s housing supply.
France's second-largest bank BPCE disclosed Tuesday a "friendly acquisition" of approximately 7% of the share capital of Banco de Sabadell, a year after the Spanish lender survived a hostile takeover bid from rival BBVA.
