Search Results for: UK Financial Conduct Authorit
Britain’s biggest insider trading case is finally going to trial — 6 years since dawn raids
January 12th, 2016
Almost six years after a series of dawn raids shocked the City of London, one of the UK’s biggest ever insider-trading cases is finally going to trial. The case – code named Tabernula, which is Latin for “little tavern” – ...
Lloyds under investigation by FCA over possible market rigging
January 7th, 2016
Reports say investigation into gilts trading is not industry-wide despite recent criticism of regulator for dropping review into culture at major banks The City regulator is investigating whether traders at Lloyds Banking Group manipulated the price of government bonds, in a ...
Standard Chartered among banks in China forex ban – sources
January 7th, 2016
Standard Chartered (STAN.L) is among three lenders that China’s central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters on Wednesday. Reuters reported on Dec. 30 ...
HSBC escapes action by City regulator following Swiss tax scandal
January 5th, 2016
Financial Conduct Authority will take no action against bank whose Swiss arm helped clients to evade tax. HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to ...
JPMorgan to pay $150m to Ohio pension fund and others hit by ‘London Whale’ scandal
December 22nd, 2015
JPMorgan Chase has agreed to pay investors who incurred losses as a result of its “London Whale” scandal. An amount of $150m (£100.8m, €137.4m) will be paid to investors including the Ohio pension fund and other public pension funds ...
FCA fines Threadneedle Asset Management Limited £6m
December 15th, 2015
The Financial Conduct Authority (FCA) has fined Threadneedle Asset Management Limited (TAML) £6,038,504 for failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator and ...
Irish regulator nixes Teddy Sagi’s AvaTrade acquisition
December 14th, 2015
Playtech’s dream of becoming a major player in the online foreign exchange trading market has been left in ruins. Online gambling software provider Playtech Cyprus Ltd. (LSE:PTEC), controlled by Israeli billionaire Teddy Sagi, has dropped its bid to buy Israeli ...
MP calls for FRC accounting body to investigate KPMG over HBOS
December 14th, 2015
Britain’s accounting standards watchdog has made a “serious mistake” in refusing to open a formal investigation into accountancy firm KPMG over the way it checked the books of HBOS bank before it collapsed, a senior UK lawmaker said on ...
FCA publishes new measures for cash savings accounts to boost competition
December 9th, 2015
Savers with cash accounts will benefit from a new package of measures published today by the Financial Conduct Authority (FCA) designed to improve competition by encouraging easier and quicker switching and improving the information savers receive. From December 2016, ...
FCA warns for LondonFX as a clone firm
November 30th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Clone firm details ...
