Financial Services News
Skadden Arps Slate Meagher & Flom has brokered a record-breaking $16.6bn (£10bn) settlement with the US Department of Justice (DoJ) for client Bank of America to resolve allegations of fraudulent mortgage handling.
Dentons, Linklaters, Travers Smith and Weil Gotshal & Manges have settled a £184m battle between the Pensions Regulator and Lehman Brothers administrators PricewaterhouseCoopers (PwC).
Ethical investor Sustainable Development Capital LLP (SDCL) has appointed six firms to its inaugural legal panel, with Muckle and Walker Morris among those winning a spot.
Ashurst’s low-cost support base in Scotland is to rejig its business model by adding at least two qualified lawyers to the office by the end of the year.
Watson Farley & Williams (WFW) increased its revenue in 2013/14 by 14.6 per cent last year, resulting in a jump in revenue from £102.1m to £117m.
The Financial Conduct Authority (FCA) has won its appeal against the stay in the high-cost fraud trial known as Operation Cotton, with the Court of Appeal (CoA) ruling that proceedings should resume.
Financial Servicies Briefings
How will the new EU sanctions affect TMT companies with Russian interests? download subscription
This article outlines the extent of EU sanctions targeted against Russia, Crimea and Sevastapol and provides some general guidance to TMT companies doing business in Russia.
Financial Regulatory Developments: Office for Science to examine FinTech; FCA publishes credit application checklists; and more download subscription
Dentons has released the 22 August 2014 issue of its Financial Regulatory Developments (FReD) publication.
Investec and Ors v Glenalla and Ors — Court of Appeal judgment 27 June 2014 download subscription
This judgment in the Court of Appeal considered an appeal on one part of the judgment of Lieutenant Bailiff Chadwick (the Judge) of December 2013.
The Cayman Islands dominates the offshore world, but can it maintain its leading position?
A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards
Nerves are mounting over the ‘twin peaks’ financial regulation regime which could see accountants grabbing top-end advice work
Everyone needs a pension, but the issues surrounding the development of pensions legislation are varied and complex
Raquel Agnello QC and Thomas Robinson report on the implications of a ruling that helps to clarify the relationship between the Upper Tribunal and the Pensions Regulator