Crispin Odey has dropped his £79 million ($106 million) libel claim against the Financial Times over a series of articles about allegations of sexual misconduct against the hedge-fund founder, the newspaper has said.
Crispin Odey has dropped his £79 million ($106 million) libel claim against the Financial Times over a series of articles about allegations of sexual misconduct against the hedge-fund founder, the newspaper has said.
Saba Capital Management LP, the largest shareholder in Edinburgh Worldwide Investment Trust, has welcomed the rejection by the trust's shareholders of a proposed tender offer, saying Monday that the offer was "deeply flawed."
The Bank of England published guidance on Monday about how it will resolve bank failures with a new tool designed to assist bondholders, learning from the high-profile failures of Silicon Valley Bank UK and Credit Suisse.
A man accused of running a plot to defraud victims out of €6 million ($7 million) by posing as a bank employee has been extradited to Sweden from the U.S., the European Union's crime fighting agency has said.
House of Fraser has lost swaths of its brand protections in the U.K. following a "Frasers" trademark clash with a Singaporean property firm of the same name.
London-based litigation funder Fenchurch Legal has been hit with a winding-up petition by an investment manager, months after the parties became embroiled in a dispute over a multimillion-pound loan.
Perella Weinberg Partners LP said Monday that it has agreed to acquire London-based advisory firm Gleacher Shacklock LLP as the U.S. bank seeks to widen its footprint in the U.K. and strengthen its cross-border dealmaking abilities.
The longevity insurance market is likely to experience an increase in demand this year as a result of pension reforms and changes in mortality rates, a broker said Monday.
