Firms face six-month wait for FSA approval

Financial services start-ups waited nearly six months for FSA approval in the first quarter of 2012, data obtained by Reynolds Porter Chamberlain has revealed.


Don't ditch Libor, IMA urges

The Investment Management Association (IMA) has called for the inter-bank borrowing rate Libor to be reformed and kept, rather than replaced with a new benchmark.


BlackRock fined £9.5m by FSA

“This is not the first time we have seen the impact on client money overlooked as part of a re-organisation. The fine imposed today should remind all firms of the critical importance we place on ensuring proper protection of client money at all time


UBS readies itself for Adoboli trial

A trader accused of a $2.3 billion fraud at Swiss bank UBS was due to go on trial Monday in London in a case expected to once again put the supervision of bankers under the spotlight.


Billionaires' Legal Battle Gold-Laden For London Law Firms

The London-based legal battle between Russian oligarchs Roman Abramovich and Boris Berezovsky are highly attractive to London law firms who are expecting to pocket around £100 million in legal fees from the Russians and their thirst for British just


Linklaters in bid to jumpstart real estate group

Linklaters is on the hunt for a partner to join its real estate practice, leading to suggestions that management’s plans to shrink the department have gone too far, The Lawyer understands.


Hollande unveils two-year plan, billions in new taxes

French President François Hollande pledged on Sunday to honour his campaign promise of a 75 percent income tax on wealthy individuals as he unveiled a two-year economic recovery plan featuring strict budget targets and 20 billion euros in new taxes


Swiss probe leak of Julius Baer data to German officials

Late last month, Zurich-based Julius Baer said client data had been leaked. According to Swiss media, the data was then passed on to officials in North Rhine-Westphalia, a German state which has tapped leaked Swiss data before as part of efforts to hunt t