A collapsed investment company has sued The Royal Bank of Scotland for more than £74 million ($99 million), accusing the lender of allowing cash earmarked for solar farms to be siphoned off by the company's director.
A collapsed investment company has sued The Royal Bank of Scotland for more than £74 million ($99 million), accusing the lender of allowing cash earmarked for solar farms to be siphoned off by the company's director.
The City regulator said Thursday it has decided to ban a father and son from U.K. financial services after a London court found they had engaged in fraud and misused client money in the sale of an insurance brokerage.
A Saudi investor succeeded Thursday in reviving his $5 million claim over an unpaid loan agreement, as the Court of Appeal held that an earlier judge was wrong to conclude that the claim was time-barred.
Britain's audit regulator said Thursday it imposed financial sanctions worth £18.2 million ($24.3 million) in the financial year that ended in March — up from the £14.5 million it issued in the preceding 12 months.
A London appeals court ruled Tuesday that Moorwand Ltd. is not liable for £160,000 ($213,000) lost in an authorized push payment scam because the payment services provider had no reason to suspect the transfer instructions were fraudulent.
Segro has thrown its support behind a fourth takeover approach from Prologis, a U.S. real estate investment trust, which would value it at £14 billion ($18.7 billion).
Private equity firm Maven Capital Partners UK LLP said Thursday that four venture capital trusts it manages plan to launch linked share offers to raise up to £40 million ($53.5 million) for new investments.
