Crispin Odey's lifetime ban will give the Financial Conduct Authority another springboard for cracking down on nonfinancial misconduct, sending a warning to firms to run an independent and thorough probe as well as investigate the allegations, lawyers say.
Crispin Odey's lifetime ban will give the Financial Conduct Authority another springboard for cracking down on nonfinancial misconduct, sending a warning to firms to run an independent and thorough probe as well as investigate the allegations, lawyers say.
Santander does not have to pay the £677 million ($912 million) that AXA lost when it deals with claims for wrongly sold payment protection insurance, as an appeals court said on Tuesday that an agreement to accept liability was not retrospective.
Two directors of a failed car leasing group duped investors in an £87 million ($117 million) car leasing investment scam that was in fact run as a Ponzi scheme, a prosecutor said at the opening of the trial on Tuesday.
Britain's financial regulator banned the former owner of a law firm from working in financial services Tuesday after the Solicitors Regulation Authority fined him a record £4 million ($5.4 million) in 2025 for misusing client funds at the now-shuttered firm he ran.
A power plant developer accused Santander of facilitating "cynical and heinous forum shopping" at the High Court on Tuesday, arguing the bank was acting as a "mouthpiece" for a building company seeking to avoid payment in a $90 million bond dispute.
Aircraft lessors urged a London court Tuesday to throw out SpiceJet's defense to their $121 million claim for unpaid airplane rent, arguing that the Indian airline had no realistic chance of defending against it because the planes were grounded during the early days of the COVID-19 pandemic.
A Dutch investment company is suing Saudi firm Lewa Trading Industry for €36 million ($41.5 million) for allegedly defaulting on a loan covering the obligations of plant-based supplement company Naylor Nutrition UK.
E-commerce merchants and apps can apply to participate in a year-long pilot of the digital euro, giving businesses an opportunity to test the proposed new payment system, the European Central Bank said Tuesday.
A sanctioned person cannot move interest earned on a frozen bank account to a separate account, the government has clarified as it tightened the interpretation of rules governing restricted assets.
Insurers have so far invested nearly £23 billion ($31 billion) into U.K. assets, a trade body said Tuesday, two years after regulators loosened capital rules for the sector.
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