CC and SullCrom advise on Barclays record $2.3bn penalty fine over forex rigging

21-May-2015 | By Tabby Kinder

Clifford Chance and Sullivan & Cromwell have taken lead roles on advising Barclays in relation to its $2.3bn (£1.4bn) foreign exchange manipulation penalty fine – the largest fine of the six global banks to settle with global financial regulators on Wednesday (20 May).


Gibson Dunn advises on UBS forex payout as banks and lawyers gear up for wave of settlements

20-May-2015 | By Tabby Kinder

Gibson Dunn & Crutcher has advised UBS on its $545m (£351m) settlement to US authorities to close investigations into the Swiss bank relating to the alleged rigging of foreign-exchange rates and Libor manipulation.


A&O claws back Latin America launch partner from Paul Hastings

18-May-2015 | By Becky Waller-Davies

Allen & Overy (A&O) has persuaded banking and projects partner Bruno Soares to stay at the firm, two months after it was announced he was leaving for US outfit Paul Hastings.


Nomura CEO to lawyers: get out of your comfort zone

14-May-2015 | By Tabby Kinder

Outgoing Nomura International CEO Jeremy Bennett said in-house lawyers should aim at taking on more influential roles in an interview kicking off The Lawyer General Counsel Strategy Summit this morning (14 May).


Barclays shake-up: three more senior exits from in-house legal team

12-May-2015 | By Tabby Kinder

Barclays has lost another three senior lawyers following a tumultuous first quarter that has already seen a raft of top level exits from the bank’s legal team.

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Gateley plans first UK law firm IPO

11-May-2015 | By Tabby Kinder

Birmingham law firm Gateley is set to become the first firm in the UK to float on the London stock exchange.

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Freshfields New York partner joins Royal Bank of Canada as GC

6-May-2015 | By Tabby Kinder

The Royal Bank of Canada (RBC) has hired Freshfields Bruckhaus Deringer commercial litigation partner David Onorato as its new general counsel.

New York

SullCrom leads on BNP sanctions case as bank lands five-year probation sentence

6-May-2015 | By Tabby Kinder

Sullivan & Cromwell client BNP Paribas (BNPP) has been sentenced to five years’ probation by a US district court on Friday (1 May) in connection with its $8.9bn (£5.88bn) payout ordered last July.

City Gherkin

Ropes & Gray boosts London office with Chadbourne structured finance partner Pal

5-May-2015 | By Rachel Moloney

Ropes & Gray has hired a structured finance specialist from rival US firm Chadbourne & Parke.

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Banking and Finance Briefings

InVest, May 2015: new third-country CCPs; guidance on MTF rulebooks; and more download subscription

Addleshaw Goddard 22-May-2015

This month’s roundup of developments affecting banks, wealth managers, brokers and funds.

Deposits and property transactions – the basics download subscription

Gateley 22-May-2015

In property transactions a deposit is usually paid by the buyer. In the event that the buyer does not complete its purchase the seller is usually able to keep the deposit and any interest accrued on it.

Bermuda public companies update: three new US listings download subscription

Conyers Dill & Pearman 21-May-2015

Since our last edition three Bermuda companies have completed listings on the NYSE and Nasdaq. 

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Banking and Finance Analysis

HSBC – allegations of fraud, Switzerland

Switzerland – Shaken then spurred


Tax evasion allegations and the uncapping of the Swiss franc have kept the country in the headlines recently, but it’s all good for lawyers.

Canary Wharf Banking

GCs in banking – The big bank load

16-Mar-2015 | By Natalie Stanton

The pressure on in-house lawyers in the financial services sector is growing as banks face up to new challenges such as greater regulatory scrutiny.

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Banking and Finance Opinion

Stephen Ross

Tesco - Why City analysts and journalists need to learn to speak our language


The revelation by Tesco that it had overstated its trading profits by £250m wiped £2bn off its market value in one day.

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