Financial Services News
The Co-operative Bank has launched its first legal panel since its split from parent company the Co-Op Group in 2013, appointing 11 firms to the roster.
Standard Chartered’s new chief executive Bill Winters has announced a “realignment” of the bank’s compliance and legal capabilities, handing group general counsel David Fein responsibility for corporate secretariat issues.
Lloyds Bank has hired ex-Barclays head of legal for corporate banking Joanna Carver as general counsel for commercial banking.
Lancashire Country Cricket Club (LCCC) has instructed RPC to bring a legal challenge against NatWest and the Royal Bank of Scotland (RBS) in relation to an interest rate hedging product sold to the club in 2009.
Wealth manager Towry has appointed Ashcourt Rowan’s Rehana Hasan to the role of general counsel, after the company acquired rival Ashcourt last month.
Eversheds has announced it is launching Agile, its contract lawyer service, in Hong Kong and Singapore.
Financial Servicies Briefings
Switzerland: derivatives trading under the Financial Market Infrastructures Act download subscription
The impact on cross-border transactions.
Ireland: implications of the Companies Act for funds download subscription
…and recommendations for their management companies.
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.
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.
April’s pensions reforms give UK pensioners wider choice but employers face greater responsibility over schemes. Firms must be ready with the right advice.