London Stock Exchange and Deutsche Boerse deal: Robey Warshaw, Linklaters and Perella Weinberg among the big players working on the merger February 23, 2016 As the London Stock Exchange (LSE) and Deutsche Boerse hammer out the details of their potential merger, City A.M. takes a look at the bankers and other advisers trying to make the deal happen. Boutique banks are booming, and none more so than London-based Robey Warshaw. Co-founder Simon Robey may be a huge Arsenal fan, but was [...]
City Moves for 16 December 2016 | Who’s switching jobs December 16, 2016 World Trade Board Vince Cable, the former business secretary, has joined the World Trade Board as a strategic adviser. He will advise on the board’s collaborative initiatives to widen debate and foster a more inclusive future around sustainable international trade, as well as supporting the World Trade Symposium in 2017. Cable was the Liberal Democrat Member [...]
Snooper’s charter: Bulk internet data collection ruled illegal by EU court December 21, 2016 Theresa May's attempt to introduce greater surveillance powers has suffered a major set back after an EU court ruled part of the UK's new laws are illegal. The highest court in Europe has ruled that electronic personal data from email and other online communications can not be retained on a general and indiscriminate basis such as [...]
Insolvency Service quizzed Chappell consultants over £1 BHS purchase September 11, 2016 The Insolvency Service has questioned two consultants who advised former bankrupt racing driver Dominic Chappell over the purchase of BHS. Stephen Bourne and Mark Tasker worked with Chappell ahead of him buying the loss-making chain for £1 from retail tycoon Philip Green. Bourne and Tasker were paid £387,500 each for advising Chappell’s Retail Acquisitions according to [...]
The results are out: Here’s how your bank would do if 2008 repeated itself November 30, 2016 Royal Bank of Scotland has failed all of the Bank of England's stress test measures, the worst performer among the UK's major lenders. RBS will now have to draw up a new capital plan, and the Bank's prudential regulation authority (PRA) will monitor its progress. RBS finance chief Ewen Stevenson said: "We are committed to creating a stronger, [...]
Strong rule of law needed for steady business, finds report by law firm Linklaters November 9, 2015 The rule of law – essentially, the idea that nobody is above the law – has come under threat in recent years, and could lower the UK’s desirability to do business with, according to a report released today by Linklaters. The magic circle firm’s study, entitled In defence of the Rule of Law, argues that [...]
UK businesses could be caught out by EU market abuse and insider trading rules June 23, 2016 UK companies are woefully unprepared for the next tranche of financial regulation from Brussels, coming into force in just two weeks, lawyers have warned. Magic circle outfit Linklaters said this week there is a widespread sense that firms do not have enough information and aren’t taking the necessary steps to get ready for the new [...]
Meet Julia Salasky, founder of CrowdJustice – the platform bringing the legal system to everyone February 9, 2017 Debt, equity, rewards and donations – those are the categories of crowdfunding that have emerged over the past decade, creating an industry that has raised over $8bn worldwide. But despite the heady growth, the youth of crowdfunding means we’ve only just seen the start of what each of these categories can do in terms of [...]
“I am not in control of the process”: Philip Green denies trying to blackmail the Pensions Regulator over the BHS Pension scheme September 9, 2016 Sir Philip Green has hit back at allegations he has tried to blackmail The Pensions Regulator in his ongoing negotiations over BHS' pension deficit. The retail tycoon – who sold BHS to serial bankrupt Dominic Chappell for £1 – said he was "not in control of the process". He said: There have also been suggestions [...]
New Linklaters report: European banks face major credit risks over bad loans November 2, 2015 European banks are still holding onto an estimated €826bn (£588bn) of non-performing loans, despite increased oversight, according to a new report out today. Global law firm Linklaters estimated that since the European Central Bank (ECB) introduced its Single Supervisory Mechanism (SSM) last November, non-performing loan (NPL) volumes across European banks have remained high, reducing only [...]