An English broker told Britain's top court on Thursday that Denmark's tax authority can't sue it for more than £56 million ($76 million) over a tax refund fraud, because an earlier decision in related proceedings rendered the claim inadmissible.
An English broker told Britain's top court on Thursday that Denmark's tax authority can't sue it for more than £56 million ($76 million) over a tax refund fraud, because an earlier decision in related proceedings rendered the claim inadmissible.
Schroders said Thursday that it has agreed to a £9.9 billion ($13.5 billion) cash takeover by U.S. asset manager Nuveen in a transaction that would take one of the City's historic names into private ownership.
Proposals by the Financial Conduct Authority to better support consumers who have not taken financial advice make informed decisions when transferring their pension must go further, retirement saving groups said Thursday.
The U.K. government published on Thursday its detailed proposed changes to the appointed representatives regime, which will give the Financial Conduct Authority new powers to crack down on misconduct.
Deutsche Börse Group said it has agreed to buy the remaining 20% minority stake held by global private equity firm General Atlantic in Iss Stoxx, which provides data, analytics and indexes, for €1.1 billion ($1.3 billion).
M&G PLC said Thursday that it has completed a £235 million ($320 million) buy-in transaction to secure the retirement benefits of members of Avon Products Inc.'s pension plan.
The Financial Report Council’s recent proposals to prioritize audit enforcement, supervision and market reform will reward audit firms that self-police and proactively admit auditing standard breaches, signaling its aims to change the market landscape and encourage investment, say lawyers at RPC.
