French lender Crédit Agricole said Monday it is looking to merge its Italian business with the Italian lender Banco BPM to create the country's third-largest banking group.
French lender Crédit Agricole said Monday it is looking to merge its Italian business with the Italian lender Banco BPM to create the country's third-largest banking group.
The Financial Conduct Authority has said that consumer investment firms accounted for seven of the regulator's eight "skilled person" reviews of financial services firms it conducted during the first quarter of its 2026/27 financial year, adding that financial crime was the most common area of investigation.
Consumer organizations and charities urged the government on Monday to reconsider proposed reforms to the Financial Ombudsman Service, warning that the changes could make it harder for customers to win compensation from financial services companies.
The founder and former chief executive of collapsed FTSE 100 hospital operator NMC knowingly participated in a multibillion-dollar fraud, an Abu Dhabi court has ruled, setting $5.4 billion as the starting point for assessing how much they must pay.
A mining company can't escape paying a broker a $2.25 million fee for working to secure funding for a gold mine, after an appeals court held Monday that the broker did enough to earn the fee.
A financial adviser is suing his former business partner for allegedly concealing a scheme to inflate employees' salaries to help them secure mortgages before selling his stakes in the two men's businesses to the adviser for £2.5 million ($3.4 million).
Litigation investor Henderson & Jones has sued the former director of a property company for £1 million ($1.3 million), alleging he took out a COVID-19 business interruption loan that contributed to the property developer becoming insolvent.
The European Union must extend proposed tax relief on cross-border dividend payments to regulated investment funds to reduce costs for savers and remove barriers to investment, the bloc's fund industry urged Monday.
