City Gherkin

BBVA UK legal head takes up new role at derivatives platform NetOTC

30-Jan-2015 | By Natasha Bernal

BBVA’s former UK head of legal Joanne Theodoulou has taken up the role of general counsel at NetOTC, an independent platform that deals with over-the-counter (OTC) derivatives transactions.

johannesburg south africa

Chadbourne becomes latest entrant into Jo'burg with Bowman Gilfillan hire

29-Jan-2015 | By Joanne Harris

US firm Chadbourne & Parke has become the latest international player to launch in South Africa, opening a Johannesburg office with the hire of Bowman Gilfillan partner Lido Fontana.

Deutsche Bank

Deutsche Bank legal costs fall by 80 per cent in Q4 2014 as cases linger

29-Jan-2015 | By Tabby Kinder

Deutsche Bank’s litigation costs fell by over 80 per cent in the fourth quarter of 2014 compared to the same period in 2013, from €1.1bn to €207m (£155m), helping the bank to a surprise pretax profit.


Barclays' head of litigation and investigations Jonathan Peddie to leave bank

23-Jan-2015 | By Tabby Kinder

Barclays’ managing director of litigation and investigations Jonathan Peddie is leaving his role at the end of February after nine years.


Greenberg Traurig snatches Sidley Austin partner for London corporate practice

21-Jan-2015 | By Natasha Bernal

Greenberg Traurig Maher has hired Sidley Austin corporate partner Dorothee Fischer-Appelt to join its London office, following the growing trend of US to US partner laterals in the City.


Morgan Stanley legal costs drop 80 per cent in fourth quarter report

21-Jan-2015 | By Tabby Kinder

Morgan Stanley has revealed an 80 per cent drop in legal costs in the fourth quarter of 2014 to $284m (£188m), down from $1.4bn in the same period last year.

New York

Debevoise snaps up JPMorgan Chase Consumer Bank GC Matthew Biben

20-Jan-2015 | By Natasha Bernal

Debevoise & Plimpton has hired JPMorgan Chase consumer bank general counsel Matthew Biben to join its white collar and regulatory defence group and banking and consumer finance practices.

New York

Citigroup legal costs shoot up by 258 per cent to $2.9bn in Q4 2014

15-Jan-2015 | By Natasha Bernal

Citigroup has reported $2.9bn (£1.9bn) in legal expenses during the fourth quarter of 2014 - an increase of 258 per cent from $809m for the same period of 2013.


JP Morgan legal costs soar on back of regulators' fines

14-Jan-2015 | By Natasha Bernal

JPMorgan has revealed that it ran up $1.1bn (£723m) of legal expenses during the fourth quarter of 2014, up 30 per cent from $847m the year before.

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Banking and Finance Briefings

A quick guide to enforcement in the Cayman Islands download subscription

Mourant Ozannes 30-Jan-2015

A creditor who obtains a Cayman Islands judgment against a debtor for the payment of money has a number of options to enforce that judgment

Burned once again — new tax changes affecting international investors download subscription

Collyer Bristow 30-Jan-2015

Before Thursday 7 May 2015, the date of the next general election, the Conservative Liberal Alliance will make a number of changes to the UK tax regime as it applies to international investors.

Bankruptcy: are you owed enough? download subscription

Memery Crystal 30-Jan-2015

Earlier this month, the government published debtor-friendly reforms to the personal insolvency regime, which it is proposed will come into effect from 1 October 2015.

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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.

Cat Griffiths index

Losing the magic touch in finance

17-Mar-2014 | By Catrin Griffiths

Have the magic circle firms squandered their lead in acquisition finance?

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