The Serious Fraud Office said Wednesday that it has opened a criminal investigation into the former management of a major housing company over suspicions of fraud and bribery worth an estimated £300 million ($403 million).
The Serious Fraud Office said Wednesday that it has opened a criminal investigation into the former management of a major housing company over suspicions of fraud and bribery worth an estimated £300 million ($403 million).
A British man accused of hacking into the email accounts of American executives and using sensitive information to make $3.75 million in illicit trades can be extradited to the U.S. to stand trial, a London judge ruled Wednesday.
U.S. hedge fund Saba Capital Management LP has called on the board of Workspace Group PLC, a U.K. provider of flexible office space, to pursue a structured end to the troubled company's operations.
A Scottish local authority is suing the managers of its pension fund at the High Court over a decision to invest £104 million ($140 million) in a "highly risky" portfolio of Swedish wind farms that led to substantial losses.
Britain's accounting watchdog said Wednesday it will continue its efforts to reduce "unnecessary" reporting and regulatory requirements on businesses as part of its broader bid to support growth in the U.K.
The Pensions Regulator should be granted new rule-making powers similar in scope to the Financial Conduct Authority, the incoming chair of the watchdog told MPs on Wednesday.
British and European regulators will coordinate regulation of third-party service providers in the financial sector to guard against market disruptions, according to a memorandum of understanding published Wednesday.
Swedbank, one of the biggest banks serving Europe's Baltic region, said Wednesday that the U.S. Department of Justice has released it from a long-running anti-money-laundering-related investigation, removing another U.S. legal cloud hanging over the lender.
A transport company has offloaded £35 million ($47 million) of its pension plan liabilities to insurer Just Group PLC in a deal steered by Osborne Clarke.
A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
