Credit Suisse hit with record £87m fine by UK bank regulator for Archegos failings July 24, 2023 Credit Suisse has been hit with a record £87m fine by the Prudential Regulation Authority (PRA) for its failures relating to the collapsed hedge fund Archegos Capital. The PRA criticised Credit Suisse’s “significant failures in risk management and governance” between the start of 2020 and the end of March 2021. “This is the PRA’s highest [...]
‘Hoodwinked from IPO onwards’: Home REIT shareholders round on scandal-hit investor over wind-down plans July 17, 2024 Home REIT shareholders have rounded on the firm and its investment manager today after the scandal-hit social housing investor revealed plans to wind down in the coming months.
Litigation funder Therium poaches lawyers from top firms as it seeks to build up record lawsuit war chest July 27, 2022 Litigation funder Therium Capital today said it had recruited four new lawyers from some of London and New York’s top firms, as it prepares to raise its largest war chest yet. The firm has brought on board two new London lawyers – ex-Slaughter and May associate Chris Wilkins and ex-Michelmores associate Charlie Temperley – [...]
Sanctioned Russian oligarch wins appeal in multibillion-dollar London divorce battle January 31, 2024 A sanctioned Russian oligarch will be able to hold on to his $20bn fortune for a little while longer after the Supreme Court today ruled against his ex-wife in a long-running divorce battle.
Listed legal firm RBG lost more than £11m in last year as revenue dipped May 1, 2024 Listed legal service group RBG Holdings has reported that it lost more than £11m over the last financial year
A case for public equity: why listing in London matters January 12, 2024 London as a listing venue has considerable advantages for growth companies looking for the benefits of an IPO but it must do more to support companies grow.
City watchdog ‘is still failing’ burnt Woodford investors, MPs say November 23, 2023 The FCA "has failed, and is still failing" investors who were affected by the Woodford scandal, a group of MPs have said.
See you in court: keep an eye out for the most interesting cases in 2024 December 28, 2023 Coming soon: Alleged confidential leaks, missing aircraft in Russia and alleged negligence by a Big Four accountancy firm
First person: How I built a legal firm out of the team defending the ‘Tuna Bonds’ dealmakers January 8, 2024 The Credit Suisse 'Tuna Bonds' scandal combined fisheries, kickbacks and global legal battles. Rupert Butler - the City lawyer who represented the defendants - tells City A.M. how the drama unfolded
Sanctioned Russian billionaire appeals ex-wife’s divorce case – which would be highest-value separation ever October 31, 2023 Potanina’s legal team say the Court of Appeal took the correct approach and that she has “earned her share” of the family’s wealth after years of marriage.