/financial-services-uk?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Financial Services UK Copyright 2025 ¼«ËÙÈü³µ. en-US Mon, 16 Jun 2025 16:30:21 +0000 /financial-services-uk/articles/2353822?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353822 An appellate tribunal on Monday reduced financial penalties for two former Metro Bank executives, confirming the bank breached listing rules when it published misleading financial statements in 2018 but finding the executives were honest with the tribunal about the £900 million ($1.2 billion) reporting scandal. Mon, 16 Jun 2025 13:54:30 +0000 /financial-services-uk/articles/2353707?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353707 A London judge ruled Monday that Mozambique should be allowed to add the heirs of shipbuilding magnate Iskandar Safa to the government's claim over a bribery scheme as it seeks to enforce a $1.9 billion damages award. Mon, 16 Jun 2025 13:50:24 +0000 /financial-services-uk/articles/2350279?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2350279 A company providing card payment services to taxi drivers has accused a former director of breaching his duties and infringing its copyright by poaching senior developers to set up a rival payment system.  Mon, 16 Jun 2025 13:33:54 +0000 /financial-services-uk/articles/2353593?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353593 A London court on Monday cleared the path for a group of investment companies to pursue their claim that Swedish health and hygiene conglomerate Essity defaulted on bond notes when it sold its controlling stake in a Chinese tissue company. Mon, 16 Jun 2025 13:25:34 +0000 /financial-services-uk/articles/2353583?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353583 Trade bodies representing financial institutions have warned the London Metal Exchange that its long-term proposals for increasing price transparency could risk it unlawfully abusing its dominant position as price data provider. Mon, 16 Jun 2025 13:06:03 +0000 /financial-services-uk/articles/2353586?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353586 Reforms floated by the government to the U.K.'s nascent superfund regime could widen access to the new type of consolidation vehicle to around half of all defined benefit schemes, representing around £600 billion ($816 billion) of assets, a consultancy said Monday. Mon, 16 Jun 2025 12:16:20 +0000 /financial-services-uk/articles/2353541?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353541 Just Group PLC said Monday that it has taken on £7 million ($9.5 million) of pension scheme liabilities of insolvent construction company The McGregor Construction (Highlands) Ltd. Pension Plan in a deal guided by CMS. Mon, 16 Jun 2025 12:04:47 +0000 /financial-services-uk/articles/2350280?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2350280 VTB has alleged that JPMorgan owes it more than €17.8 million ($21 million) over the American bank's botched handling of a trading account and failing to pay out for assets it sold after the Russian bank was hit with sanctions, widening the legal dispute between the two companies. Mon, 16 Jun 2025 11:50:30 +0000 /financial-services-uk/articles/2353579?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353579 A British trader wanted in the U.S. for allegedly defrauding investors as part of a $12 million "pump and dump" scheme told a London judge on Monday that his poor health should prevent his extradition on human rights grounds. Mon, 16 Jun 2025 11:46:53 +0000 /financial-services-uk/articles/2353573?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353573 The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm. Mon, 16 Jun 2025 11:17:04 +0000 /financial-services-uk/articles/2353532?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353532 U.S. investment firm Hunter Point Capital will buy a 16.1% stake in London-based investor Equitix in a deal that values it at £1.3 billion ($1.8 billion), majority owner Tetragon Financial Group Ltd. said Monday. Mon, 16 Jun 2025 10:46:48 +0000 /financial-services-uk/articles/2353543?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353543 Hymans Robertson has launched a service it said would support smaller pension schemes with around £150 million ($204 million) or less in assets as they look to offload their liabilities to insurers. Mon, 16 Jun 2025 10:25:24 +0000 /financial-services-uk/articles/2353581?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353581 Billionaire Mehul Choksi accused the Indian government in a London court Monday of orchestrating his "appalling and traumatic" kidnapping and torture in the Caribbean to force him to return to India to face allegations of involvement in an $1.8 billion bank fraud. Mon, 16 Jun 2025 09:44:57 +0000 /financial-services-uk/articles/2353551?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353551 Asset manager Tikehau Capital said Monday it has launched a private equity fund, covering cybersecurity and defense, with three leading insurers, including Société Générale Assurances. Fri, 13 Jun 2025 15:35:56 +0000 /financial-services-uk/articles/2346473?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2346473 A British businessman denied that he transferred a company to his son to defraud a creditor, arguing it was part of a long-term tax strategy rather than a tactic to avoid repaying £4.7 million ($6.4 million) in debt. Fri, 13 Jun 2025 13:11:47 +0000 /financial-services-uk/articles/2353053?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353053 The European Union's financial markets regulator has released guidance for national watchdogs on how to regulate firms' expanding outsourcing of activities, driven by digitalization. Fri, 13 Jun 2025 12:54:14 +0000 /financial-services-uk/articles/2353028?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353028 This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, ¼«ËÙÈü³µ looks at these and other new claims in the U.K. Fri, 13 Jun 2025 12:14:02 +0000 /financial-services-uk/articles/2353058?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353058 A Russian subsidiary of fertilizer producer EuroChem convinced a court Friday to compel industrial group Tecnimont to produce its communications with the Italian sanctions authority, days after the trial over the €212 million ($245 million) bond dispute kicked off. Fri, 13 Jun 2025 11:32:51 +0000 /financial-services-uk/articles/2351383?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2351383 Cryptocurrency lending platform Nexo Capital has settled three fintech executives' claims over access to tens of millions of dollars of their digital assets, according to a court order. Fri, 13 Jun 2025 09:26:41 +0000 /financial-services-uk/articles/2353051?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2353051 A trade body for European banks has warned that a European Union banking watchdog's proposed anti-money laundering rules make excessive demands on credit institutions.