Are banks guilty of faking signatures on British court papers? – The Guardian

Posted February 18th, 2019 in banking, documents, forgery, news, repossession by sally

‘Have some banks, or their legal representatives, been faking signatures on UK court documents used to repossess people’s homes and to recover other debts?’

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The Guardian, 16th February 2019

Source: www.theguardian.com

RBS sued by Newham council over the terms of £150m in loans – The Guardian

Posted February 7th, 2019 in banking, interest, loans, local government, news, time limits by tracey

‘Newham council is suing Royal Bank of Scotland over the terms of about £150m in complex bank loans, making it the latest UK bank to face a lawsuit over lending terms that critics say piled undue pressure on local services.’

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The Guardian, 6th February 2019

Source: www.theguardian.com

Scam victims whose losses are not ‘life changing’ will receive no redress, under bank plans – Daily Telegraph

‘Scam victims whose losses are not considered to be “life changing” could be excluded from a new compensation scheme under proposals by one of Britain’s biggest banks.’

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Daily Telegraph, 24th January 2019

Source: www.telegraph.co.uk

Lengthy jail terms for scammers who tried to bribe bank staff – Crown Prosecution Service

Posted January 18th, 2019 in banking, bribery, fraud, news, sentencing by tracey

‘Two accomplices who offered bribes to bank staff in an attempt to swindle hundreds of thousands of pounds were jailed today (January 17).’

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Crown Prosecution Service, 17th January 2019

Source: www.cps.gov.uk

Fraud trial of former Barclays bosses puts SFO under scrutiny – The Guardian

Posted January 7th, 2019 in banking, conspiracy, fraud, news, Serious Fraud Office, trials by sally

‘A long-awaited fraud trial of four former Barclays executives will begin this week over charges related to a £12bn rescue package secured from investors including Qatar at the height of the financial crisis.’

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The Guardian, 6th January 2019

Source: www.theguardian.com

FCA under fire over Lloyds compensation scheme – BBC News

Posted December 17th, 2018 in banking, compensation, financial regulation, fraud, news, victims by sally

‘The Financial Conduct Authority (FCA) has been criticised for allowing Lloyds Banking Group to set up a “flawed” compensation scheme for victims of a massive fraud.’

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BBC News, 17th December 2018

Source: www.bbc.co.uk

Tycoon Vijay Mallya can be extradited to India, UK judge rules – The Guardian

Posted December 11th, 2018 in airlines, banking, debts, extradition, fraud, loans, news by sally

‘Vijay Mallya, the multimillionaire former owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, can be extradited to India to face allegations of fraud.’

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The Guardian, 10th December 2018

Source: www.theguardian.com

High Court rejects funder’s bid for “mini-trial” of £14m claim – Litigation Futures

Posted December 11th, 2018 in banking, news, shareholders by sally

‘Litigation funder Vannin Capital has failed to obtain summary judgment of its £14m claim against RBS shareholders it backed who then successfully sued the bank.’

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Litigation Futures, 11th December 2018

Source: www.litigationfutures.com

Amenability to judicial review – Law Society’s Gazette

Posted December 10th, 2018 in banking, financial regulation, judicial review, news by sally

‘When is a private appointment a matter of public law? In an important case on this issue, R (on the application of Holmcroft Properties Ltd) v KPMG LLP [2018] EWCA Civ 2093, the Court of Appeal recently upheld the Divisional Court’s decision that KPMG was not amenable to judicial review when acting as an independent reviewer, whose appointment by a bank was approved by the Financial Services Authority.’

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Law Society's Gazette, 10th December 2018

Source: www.lawgazette.co.uk

MPs call for tribunal to bring ‘misbehaving banks’ to justice – The Guardian

Posted November 20th, 2018 in banking, financial regulation, news, tribunals by sally

‘A cross-bench group of MPs is gaining traction in its fight for a financial services tribunal that would bring misbehaving banks to justice, ahead of a key meeting with the chancellor this week.’

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The Guardian, 20th November 2018

Source: www.theguardian.com

Noel Edmonds likely to file £60m Lloyds lawsuit on Wednesday – The Guardian

Posted November 19th, 2018 in banking, charities, compensation, damages, fraud, news by sally

‘The TV and radio star Noel Edmonds, who is expected to join ITV’s I’m a Celebrity … Get Me Out Of Here jungle camp this week, is also likely to fire the starting gun on a £60m lawsuit against Lloyds Bank.’

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The Guardian, 19th November 2018

Source: www.theguardian.com

Court of Appeal clears way for Mastercard hearing – Litigation Futures

Posted November 15th, 2018 in appeals, banking, class actions, EC law, fees, judicial review, jurisdiction, news by tracey

‘The Court of Appeal has ruled that it has jurisdiction to hear an appeal against the decision that stopped the massive £14bn Mastercard class action – the biggest opt-out claim in English legal history.’

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Litigation Futures, 15th November 2018

Source: www.litigationfutures.com

Former UBS trader Kweku Adoboli could be deported to Ghana – The Guardian

Posted November 13th, 2018 in appeals, banking, deportation, fraud, immigration, judicial review, news, sentencing by sally

‘The convicted former UBS trader Kweku Adoboli has been arrested and could be deported to Ghana in the next few days, he has said.’

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The Guardian, 12th November 2018

Source: www.theguardian.com

Final salary pension transfers stall as High Court throws rules into doubt – Daily Telegraph

Posted November 12th, 2018 in banking, complaints, financial regulation, news, ombudsmen, pensions by tracey

‘People who attempt to swap final salary company pensions for cash are being left in limbo following a controversial legal judgment.’

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Daily Telegraph, 12th November 2018

Source: www.telegraph.co.uk

GDPR: the ‘controller v processor’ debate in financial services – OUT-LAW.com

Posted November 5th, 2018 in banking, codes of practice, contracts, data protection, EC law, news, third parties by sally

‘Lessons can be learned in the financial services sector from the rush to update contracts to account for the General Data Protection Regulation (GDPR) taking effect earlier this year.’

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OUT-LAW.com, 2nd November 2018

Source: www.out-law.com

Lord Hodge at East China University of Political Science and Law, Shanghai, China, Speech – Supreme Court

‘Financial Technology: Opportunities and Challenges to Law and Regulation, East China University of Political Science and Law, Shanghai, China.’

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Supreme Court, 26th October 2018

Source: www.supremecourt.uk

Name checks to begin on bank payments – BBC News

Posted October 19th, 2018 in banking, fraud, news by sally

‘The name of someone receiving a payment will be as important as their banking details for the first time from next summer, in an attempt to combat fraud.’

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BBC News, 18th October 2018

Source: www.bbc.co.uk

Barrister wins right to see reports his bank made to police – Legal Futures

Posted October 11th, 2018 in banking, barristers, freedom of information, money laundering, news, police by sally

‘A barrister has won the right to see suspicious activity reports (SARs) that his bank made to the National Crime Agency (NCA) about money received into his accounts.’

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Legal Futures, 10th October 2018

Source: www.legalfutures.co.uk

UBS ‘rogue trader’ in last-ditch attempt to avoid deportation – The Guardian

Posted September 17th, 2018 in banking, deportation, fraud, judicial review, news by sally

‘Kweku Adoboli, the former UBS banker jailed for the UK’s biggest ever fraud, will on Monday file for a judicial review of the decision to deport him to Ghana, in a last-ditch attempt to stop his “banishment” from the UK, where he has lived since he was 12.’

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The Guardian, 16th September 2018

Source: www.theguardian.com

Push payment fraud victims ‘not automatically negligent’ – OUT-LAW.com

Posted September 3rd, 2018 in banking, compensation, financial regulation, fraud, news, ombudsmen by sally

‘The Financial Ombudsman Service (FOS) will be looking for “clear evidence” that banks have properly investigated claims by customers for compensation in cases of suspected authorised push payment (APP) fraud.’

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OUT-LAW.com, 30th August 2018

Source: www.out-law.com