09/10/2012

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.

09/10/2012

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.

09/10/2012

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

09/09/2012

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.

09/09/2012

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

09/09/2012

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.

09/09/2012

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

09/06/2012

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