Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.
Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.
JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.
Reinsurers cannot refuse multibillion-dollar claims for planes stranded in Russia on the basis that they're not covered by reinsurance policies arranged by airlines, a group of lessors told the opening of trial Monday.
A renewable energy investment fund has been sued by solar energy company Enviromena for £2.8 million ($3.7 million), after a project it acquired from the fund had higher grid connection costs than expected.
A Luxembourg real estate debt investment company has sued an engineering consultancy and a design firm for £20 million ($26.4 million), alleging that defects in a Shoreditch hotel development caused a sale to fall through.
Asset manager Team PLC said Monday that it has agreed to buy wealth manager Hedley & Co. Stockbrokers Ltd. for at least £3 million ($4 million) as it seeks to expand in the U.K. and boost profitability.
Permanent TSB Group rejected a potential takeover offer from investment firm Axis Capital Ltd. on Monday, saying it was focused instead on completing an agreed takeover by another rival.
Jessica Caws, co-head of financial services at Birketts, discusses creating a collaborative environment for her junior colleagues, the excitement of working on a matter at the forefront of regulatory change, and why as a lawyer it is important to develop the ability to critically analyze information early on.
