/financial-services-uk?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Financial Services UK Copyright 2025 ¼«ËÙÈü³µ. en-US Sat, 02 Aug 2025 11:47:12 +0000 /financial-services-uk/articles/2371572?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371572 The U.K. Supreme Court's landmark decision Friday to reverse most of the Court of Appeal's judgment on hidden motor finance commissions has sharply narrowed the scope of any future redress scheme from the Financial Conduct Authority — an outcome critics said favored lenders and car dealers over consumer protection. Fri, 01 Aug 2025 14:26:12 +0000 /financial-services-uk/articles/2372379?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372379 In this week's Taxation With Representation, Union Pacific Corp. and Norfolk Southern Corp. announce megamerger plans, Palo Alto Networks acquires identity security company CyberArk, Brookfield buys British life insurer Just Group, and Duke Energy sells its Piedmont Natural Gas Tennessee local distribution business to Spire Inc. Fri, 01 Aug 2025 14:19:04 +0000 /financial-services-uk/articles/2372124?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372124 A London court ruled Friday that the former chairman of AllSaints was in contempt of court for breaching an order to stop claiming an interest in shares in the high street fashion chain after his fraud allegations were rejected. Fri, 01 Aug 2025 13:10:23 +0000 /financial-services-uk/articles/2372389?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372389 The U.K.'s Office of Financial Sanctions Implementation has fined U.K.‑based business support services provider Markom Management Ltd. for violating financial sanctions tied to Russia's 2014 annexation of Crimea. Fri, 01 Aug 2025 13:08:33 +0000 /financial-services-uk/articles/2371565?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371565 A former Barclays employee was unfairly dismissed for making sexual comments to female colleagues, but he could have been fairly dismissed for the same conduct, according to a Glasgow tribunal ruling. Fri, 01 Aug 2025 12:10:12 +0000 /financial-services-uk/articles/2372097?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372097 Car finance providers won a partial victory in a landmark case over commission payments on Friday when the U.K. Supreme Court ruled that they did not owe a duty to provide customers with information about the fees, potentially avoiding a multibillion-pound compensation scheme.  Fri, 01 Aug 2025 11:48:49 +0000 /financial-services-uk/articles/2372140?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372140 The Financial Conduct Authority said Friday it will lift its ban on retail access to cryptocurrency exchange‑traded notes from Oct. 8, allowing individual investors to buy these products through U.K.‑listed trading venues. Fri, 01 Aug 2025 11:39:07 +0000 /financial-services-uk/articles/2372126?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372126 This past week in London has seen several telco giants hit with a trademark claim, a collapsed hotel company sue a property investor in an ongoing dispute over a decades-old hotel sale, and two litigation funders square off against each other. Fri, 01 Aug 2025 08:51:32 +0000 /financial-services-uk/articles/2372086?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372086 A group of investors in Third Point told fellow shareholders in the hedge fund on Friday that the proposed merger with Malibu Life Reinsurance will establish "a dangerous precedent for the U.K. stock market" of not safeguarding interests of the minority. Fri, 01 Aug 2025 08:34:23 +0000 /financial-services-uk/articles/2372103?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2372103 The City watchdog said Friday that it has hit a global brokerage with a fine of more than £1 million ($1.3 million) for the "particularly serious" failure to submit complete and accurate transaction reports over a five-year period. Fri, 01 Aug 2025 06:37:17 +0000 /financial-services-uk/articles/2369548?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2369548 The European Commission’s recently proposed securitization framework amendments aim to relax existing rules, such as by reducing due diligence requirements and removing the need for investors to conduct certain prescribed compliance verifications by sponsors or original lenders, say lawyers at McDermott. Thu, 31 Jul 2025 14:22:58 +0000 /financial-services-uk/articles/2371645?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371645 A London appeals court on Thursday upheld an asset freeze against a man accused of defrauding Ricardo Salinas Pliego out of more than $415 million, finding no reason to doubt the Mexican billionaire is "exceedingly wealthy" and able to compensate the other side if he ultimately loses his claim. Thu, 31 Jul 2025 13:36:49 +0000 /financial-services-uk/articles/2371556?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371556 A developer convicted for running a £226 million ($299 million) Ponzi scheme denied treating overseas properties bought with his victims' money as his "pension fund" as he gave evidence in court Thursday. Thu, 31 Jul 2025 13:34:49 +0000 /financial-services-uk/articles/2371562?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371562 A Russian subsidiary of EuroChem lost its fight Thursday to force European banks to pay out on €212 million ($242 million) worth of bonds, after a court ruled that the payouts are blocked because the Swiss agricultural chemicals company is owned by a sanctioned oligarch. Thu, 31 Jul 2025 12:46:05 +0000 /financial-services-uk/articles/2369775?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2369775 A London-based investment manager has sued two companies of the Italian asset manager giant Azimut for millions over deals related to an investment in a machinery manufacturer, but Azimut has denied breaching the deal saying it had been released from its obligations. Thu, 31 Jul 2025 12:24:21 +0000 /financial-services-uk/articles/2371526?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371526 The Financial Conduct Authority said Thursday that some companies are designing digital loan application processes badly, slowing decision-making and excluding cost information that consumers need. Thu, 31 Jul 2025 12:23:18 +0000 /financial-services-uk/articles/2371540?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371540 The solicitors' watchdog warned law firms Thursday that they must tell prospective clients about possible cost-free ways to pursue their motor finance commission claims before agreeing to act on a case for a fee. Thu, 31 Jul 2025 10:59:31 +0000 /financial-services-uk/articles/2371504?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371504 The Pensions Ombudsman said that its funding has failed to keep pace with the rising caseload of complaints, forcing it to look at artificial intelligence to help reduce waiting times. Thu, 31 Jul 2025 10:53:49 +0000 /financial-services-uk/articles/2371051?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371051 An exiled businessman suspected of offering unregulated debt counseling has been handed a 12-month prison sentence for deliberately breaching restrictions on his assets by spending $84,000 on luxury items, travel and hotels. Thu, 31 Jul 2025 09:27:31 +0000 /financial-services-uk/articles/2371513?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2371513 Lion Finance Group PLC, the owner of banks in Caucasia, expressed an interest on Thursday in buying the Malta operations of an HSBC subsidiary.