Banking and Finance News
HSBC has instructed Freshfields Bruckhaus Deringer to defend a Libor manipulation claim brought by two former customers.
Matthew Arnold & Baldwin’s banking and finance group is leaving the firm for Dentons, The Lawyer understands.
Clyde & Co litigator Julian Connerty has exited for Signature Litigation over conflict issues related to RBS’s £4bn shareholder battle.
Clifford Chance is at the centre of a tussle over a report it conducted into RBS’s controversial global restructuring group (GRG) after the bank failed to have it struck from its defence in a £30m claim.
Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Weil Gotshal & Manges have all advised on global payments provider Worldpay’s intention to float on the London Stock Exchange (LSE).
Lloyds Bank has hired JP Morgan Europe, Middle East and Africa litigation head and ex-Ashurst partner Wilson Thorburn as its new acting head of litigation.
DLA Piper has announced Philip Butler has been appointed as its new global co-chair of banking and finance.
Standard Life has hired Royal Bank of Scotland (RBS) deputy general counsel Rushad Abadan as its new legal chief, replacing interim head David Burns.
Osaka-based Japanese firm Shusaku Yamamoto has formed a first of its kind business alliance with Bank of Tokyo-Mitsubishi UFJ (BTMU) to support Japan’s innovative technology start-ups.
Banking and Finance Briefings
Switzerland: derivatives trading under the Financial Market Infrastructures act download subscription
The impact on cross-border transactions.
Break cost clauses: breaking up is hard to do download subscription
Lenders, note that when seeking to enforce break cost clauses the nature of the swap, the wording and the notice arrangements will all be assessed.
Big banks’ CDS settlement in the US – a foretaste of things to come in Europe? download subscription
A class action against 12 major banks for antitrust activity in the credit default swaps market presents an opportunity to review where things have got to in the European Commission’s investigation of anticompetitive conduct.
Banking and Finance Analysis
This week our top briefings writers are taken from the banking sector, and their posts include trends for mid-market corporate finance, how economists can help with litigation awards, what to do if a dividend is unlawful, and advice for borrowers when their loan is sold.
Banking and Finance Opinion
While the chances of Greece leaving the eurozone have diminished a Grexit still remains possible.
Which firms will have the balls to walk away from the RBS review?