Court blocks ‘Essex boys’ traders’ bid to overturn City watchdog’s decision November 2, 2022 A group of oil traders, dubbed the “Essex boys,” who made $700m (£614m) from the collapse in oil prices that saw crude trade negatively at the start of Covid-19, have failed in their bid to overturn a decision by the UK’s financial watchdog to assist US authorities. Traders linked to oil brokerage Vega Capital London [...]
‘BitBoy’ reveals he’s cheating on wife while livestreaming his own arrest September 26, 2023 Crypto 'influencer' Ben Armstrong - formerly known as 'BitBoy' - livestreamed his arrest this morning, and exposed himself as a love cheat.
Businesses beware as 70 per cent Brits aren’t afraid of taking legal action December 16, 2021 Companies that break the law could find themselves facing more lawsuits from the great British public, as over 70 per cent said they would join a class action – many even against their own employer – according to a new study published today. The study, which polled members of the public on their perceptions of [...]
Do Kwon: Seoul police waiting on fingerprints to identify man arrested in Montenegro March 23, 2023 Police in Montenegro say they believe they have arrested Terraform Labs fugitive Do Kwon who has been on the run since September.
Ex-PwC partner denies leaking info to City banker to help Slater & Gordon’s £637m deal January 31, 2023 The former head of PwC’s restructuring business has denied leaking confidential information to a London investment banker that allegedly helped City law firm Slater & Gordon get a better price in a £637m acquisition, a London court heard today. Ex-PwC partner Ian Green is accused of disclosing commercially sensitive information about software developer Quindell’s financial [...]
KPMG chief snubs global split as consulting arm drives growth in revenues December 13, 2022 The global head of KPMG today slapped down suggestions it might follow EY in pursuing a global split, in claiming the accounting firm’s strong financial performance “validates” its current approach. KPMG chief executive Bill Thomas rejected plans for a split in claiming the Big Four firm’s results “validates an unwavering commitment to deliver services… through [...]
US publishes crypto regulation framework as UK eyes crypto seizures September 26, 2022 Data from CryptoCompare shows that the price of Bitcoin moved sideways over the past week, starting and ending at $19,000.
EU consumer groups come after Google for account sign-up settings in GDPR row June 30, 2022 A European coalition has come after Google for harvesting user data via account sign-ins and undermining General Data Protection Regulation (GDPR).
Credit Suisse beats investment banker in London court as £66m espionage case is thrown out January 26, 2022 A former Credit Suisse banker’s £66m lawsuit was rejected yesterday afternoon as a London court found that the banking giant was under no obligation to protect its former employee from the risk of criminal charges while he was working in Romania. Vadim Benyatov had demanded $89m, or nearly £66m, in lost earnings after a court [...]
Lawyers say P&O broke the law by firing 800 staff over pre-recorded video call March 18, 2022 Dubai owned ferry operator P&O could be subject to a series of successful lawsuits over its decision to fire all 800 of its UK staff via a pre-recorded video call, lawyers have said. Speaking to City A.M. Helen Crossland, employment partner at West End law firm Seddons said P&O’s decision will expose the firm to [...]