Results for United Kingdom
- SFO Launches Investigation Into Bank Of England Liquidity Auctions
The Bank of England is facing an unprecedented criminal investigation by the Serious Fraud Office over emergency lending measures it took at the height of the credit crisis to inject cash into financial markets, The Guardian reported. In late 2007 an ...
Daily Headline - global.abi.org - 03/04/2015 - 23:13 - 0 comments
- RBS Could Cut 14,000 Staff In Retreat From US And Asia
As many as 14,000 staff in the investment banking arm of Royal Bank of Scotland face the axe in the coming years as the bailed-out bank retrenches from its expansion into the US and Asia, The Guardian reported. The scale of the cutbacks – which would ...
Daily Headline - global.abi.org - 03/03/2015 - 21:35 - 0 comments
- UK Bank Bosses More Bullish On Bonuses
Barclays chief executive Antony Jenkins is on Tuesday set to accept his first bonus since taking charge three years ago, in a sign that bankers are showing less restraint even though pay remains a political flashpoint, the Financial Times reported. O ...
Daily Headline - global.abi.org - 03/02/2015 - 21:37 - 0 comments
- Junior UK Bank Non-Execs To Escape New FCA Rules
British regulators have exempted junior non-executive directors of banks and insurance companies from a tough new personal liability regime which could make them criminally liable for bank failures, the Financial Times reported. The Financial Conduct ...
Daily Headline - global.abi.org - 02/23/2015 - 21:28 - 0 comments
- UK Investment Banks Face Competition Probe
Investment banks in the UK face an investigation by the Financial Conduct Authority regulator into possible conflicts of interest and anti-competitive practices, the Financial Times reported. However, the probe is unlikely to lead to an overhaul of t ...
Daily Headline - global.abi.org - 02/19/2015 - 21:38 - 0 comments
- Petropavlovsk Board Warns Of Insolvency Risk If Refinancing Rejected
The board of Petropavlovsk PLC warned Wednesday that it could face insolvency should its proposed refinancing plan not be passed by shareholders and urged shareholders to vote in favour of the plan, following a call to oppose the proposals from Sapinda H ...
Daily Headline - global.abi.org - 02/18/2015 - 22:12 - 0 comments
- RBS And Lloyds In Talks To Cap Cash Bonuses For Sixth Year In A Row
Lloyds and Royal Bank of Scotland are set to impose a cap on cash bonuses for the sixth consecutive year, in line with previous agreements made with the Government body that holds the taxpayer’s shares in the banks, The Telegraph reported. The two ba ...
Daily Headline - global.abi.org - 02/18/2015 - 22:16 - 0 comments
- The Hyderabad Funds Case: State Immunity Waived Goodbye for Good
In The High Commissioner for Pakistan in the United Kingdom v National Westminer Bank & ors  EWHC 55 (Ch) the English High Court (Chancery Division) has confirmed that where a state commences proceedings it thereby waives its immunity as a sove ...
Resource Article - twallace@abiwor... - 02/18/2015 - 12:40 - 0 comments - 0 attachments
- Abu Dhabi Global Market: The emergence of a new financial free zone in Abu Dhabi
Two years on from the establishment of the Abu Dhabi Global Market ("ADGM"), Abu Dhabi has confirmed plans to formally launch its eagerly awaited financial free zone later this year. The ADGM will be the first free zone in Abu Dhabi to constru ...
Resource Article - twallace@abiwor... - 02/18/2015 - 12:37 - 0 comments - 0 attachments
- The Serious Fraud Office cracks down on the Financial Services Sector
Magnus Peterson, the founder of the US $600 million Weavering Capital hedge fund ("the Weavering matter"), was recently sentenced to a total of 13 years’ imprisonment for a number of fraud-related offences prosecuted by the SFO. The case follo ...
Resource Article - twallace@abiwor... - 02/18/2015 - 12:29 - 0 comments - 0 attachments