A London court has quashed a search warrant obtained by the Financial Conduct Authority against a barrister under criminal investigation for fraud and criticized the watchdog for making highly prejudicial allegations against him before a judge.
A London court has quashed a search warrant obtained by the Financial Conduct Authority against a barrister under criminal investigation for fraud and criticized the watchdog for making highly prejudicial allegations against him before a judge.
Revolut said Wednesday that the Bank of England has lifted restrictions on its banking license, approving its launch as a fully licensed lender in the U.K.
A former chief executive of Crispin Odey's hedge fund told a London tribunal on Wednesday that the financier had fired him to stop a second internal probe into sexual misconduct allegations.
The Prudential Regulation Authority said on Wednesday that it has fined UK Insurance Ltd. £10.63 million ($14.27 million) for miscalculations that led the insurer to overstate its solvency position to the watchdog and the market.
A man has been sentenced to two and a half years in prison for running an unauthorized property deal scheme that targeted struggling homeowners with offers to buy their homes and rent them back, the U.K.'s financial regulator said Wednesday.
A man who claims that his estranged wife stole up to £180 million ($241 million) of his bitcoin has had his civil case against her trimmed after a court ruled that property rights that traditionally apply only to physical objects cannot be used for cryptocurrencies.
An influential group of lawmakers said Thursday that it is launching an inquiry into the fairness of student loans and will consider whether they should fall under the protection provisions of the Financial Conduct Authority's Consumer Duty regime.
Britain's retirement savings watchdog said Wednesday that the pensions industry must take immediate action to protect savers amid a reported rise in impersonation fraud.
Irwin Mitchell LLP said Wednesday that it has agreed to sell its debt recovery subsidiary to an arm of investor Copper Street Capital as the U.K. law firm sharpens its focus on core legal services.
Janus Henderson Group PLC on Wednesday said its board rejected a competing buyout bid from Victory Capital Holdings as it continues to recommend its pending $7.4 billion acquisition by Trian Partners and General Catalyst.
Legal & General Group PLC said Wednesday it will begin a £1.2 billion ($1.6 billion) shares buyback, the largest in its history, as the British insurer and asset manager moves to return surplus capital to shareholders while reshaping its business.
