The Financial Conduct Authority set out on Tuesday a program for developing open finance to give consumers and businesses greater control over their financial data in a move to help them secure better deals.
The Financial Conduct Authority set out on Tuesday a program for developing open finance to give consumers and businesses greater control over their financial data in a move to help them secure better deals.
The National Crime Agency was granted permission on Tuesday to hold on to millions of pounds in assets that it seized from a lieutenant to a billionaire businessman allegedly behind Cambodia's scam centers.
Insurers are facing a growing backlog of pension plans seeking to wind up and close amid an expected surge in such transactions this year, a professional services company said Tuesday.
The director of an American biotech company is entitled to a "substantial sum of money" after winning his $15 million claim against a Bahamian bank, a London court held Tuesday, finding that the lender breached the terms of a $3 million loan agreement.
The highest court for some independent Commonwealth countries has rejected a Mauritian bank's appeal against a former director's unfair dismissal payout of almost £1.4 million ($1.9 million), dismissing the bank's argument that the executive's 37 years' employment was not continuous.
The owner of two fire alarm companies has been banned from running businesses for six years after dodging more than £327,000 ($444,000) in income tax and value-added tax owed to the U.K.'s tax authority, the Insolvency Service said Tuesday.
The Financial Conduct Authority said Tuesday that it has banned advertisements from a claims management company for using its logo without permission and unauthorized clips of the founder of MoneySavingExpert to make "misleading claims about average motor finance compensation."
The European Central Bank urged lawmakers Tuesday to make concrete changes to European Union banking and capital markets rules to strengthen the bloc's financial competition with other global financial centers.
Austrian bank BAWAG PSK on Tuesday announced that it has agreed to acquire Irish lender Permanent TSB Group Holdings PLC in a €1.62 billion ($1.9 billion) deal, a move that comes roughly half a year after the government-owned lender put itself up for sale.
The operator of Germany's stock market said Tuesday that it has taken a minority stake in Kraken for $200 million as the planned U.S. initial public offering of the cryptocurrency exchange is on hold.
Mortgage Advice Bureau Holdings PLC said Tuesday that it has purchased HomeOwners Alliance, a homebuyers guidance platform, in a deal worth at least £1.4 million ($1.9 million) that it expects will boost the range of its services.
PwC's general counsel and chief risk officer in the United Kingdom is now the next global general counsel, as the most recent top lawyer for the firm steps aside in preparation of her retirement, the company said Tuesday.
The U.K. government’s recently announced crackdown on late payment marks a decisive shift from voluntary standards toward an enforcement-led framework designed to alter behavior by changing incentives, increasing accountability and introducing real consequences for persistent poor practices, say lawyers at Shoosmiths.
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