Online payment company QuidPay urged a London judge Friday to order a digital bank to pay out funds worth more than $12 million withheld after suspending its accounts as a result of suspected fraudulent transactions, saying that it is facing "total destruction."
Online payment company QuidPay urged a London judge Friday to order a digital bank to pay out funds worth more than $12 million withheld after suspending its accounts as a result of suspected fraudulent transactions, saying that it is facing "total destruction."
Jewelry magnate Nirav Modi has been ordered to repay the Bank of India $10.7 million for guaranteeing to cover loans to his diamond company after a court rejected his argument that the deal was unenforceable under Indian law.
The Financial Conduct Authority set out Friday its expectations on how stockbrokers, investment platforms and trading apps should engage with retail customers and enable them to vote.
A Tether company failed on Friday to block a crypto trading company from pursuing litigation in England accusing it of stealing the crypto business' trade secrets in a bitter dispute over a failed bitcoin mining joint venture.
The Financial Conduct Authority proposed rule changes Friday for investment trusts listed on the London Stock Exchange that would manage conflicts of interest when a substantial shareholder tries to become a director with a financial interest.
The past week in London has seen Michelle Mone sued by PPE Medpro, Broadfield Law sued by the founders of an international aid company, and litigation funder Fortress bring a claim against Edwin Coe and businesses the law firm represented in a cartel claim.
The U.K. government has said it will develop a communications strategy to provide accessible and targeted information on the state pension age in response to a report that found it failed to properly set out legislative changes to women's state pension age.
Labour leadership contender Andy Burnham should not support wealth taxes, including a hike in the capital gains tax, because such measures don't raise a significant amount of money, one of his advisers said.
Members of pension plans should receive billions of pounds in government tax relief only if more of their retirement savings are invested in U.K. companies to revive economic growth, a trade group has said.
An influential retirement savings trade group said the minimum pension contribution level under automatic enrollment should rise from 8% to 12% to address growing concerns that Britons are not saving enough.
The European Union said Friday that the bloc's governments have agreed to reform its workplace pension rules, advancing plans aimed at improving retirement savings, encouraging cross-border pension activity and channeling more investment into its economy.
London-listed XPS Pensions Group said Friday that it will buy U.K. actuarial consultancy Austin Professional Resourcing for up to £16.3 million ($22 million) in order to expand its business.
Amedeo Air Four Plus Ltd. said Friday it has ceased trading on the London Stock Exchange after a subsidiary of Lesha Bank LLC (Public) in Qatar completed its £190 million ($251 million) acquisition of the aircraft leasing investor.
