“Britain’s most senior law officer has appeared to undermine the government’s own argument that any inquiry into the current banking scandal needed to happen as quickly as possible.”
The Guardian, 5th July 2012
Source: www.guardian.co.uk
“The Government is to commission an independent review into how interbank lending rates are set, it has announced.”
OUT-LAW.com, 2nd July 2012
Source: www.out-law.com
“Prime Minister David Cameron has announced a parliamentary review of the banking sector in the wake of the Barclays inter-bank lending furore.”
BBC News, 2nd July 2012
Source: www.bbc.co.uk
“Banks faced fresh criticism about their treatment of customers on Friday after the Financial Services Authority said the big four high street banks – Barclays, RBS, Lloyds and HSBC – might need to compensate small business customers.”
The Guardian, 29th June 2012
Source: www.guardian.co.uk
“Pressure was growing yesterday for the bankers involved in interest-rate fixing to face criminal charges.”
The Independent, 2nd July 2012
Source: www.independent.co.uk
“The Financial Services Authority says banks mis-sold specialist insurance known as interest rate swaps tied to thousands of small businesses.”
BBC News, 29th June 2012
Source: www.bbc.co.uk
“The Jimmy Carr tax avoidance case has thrown the spotlight on Jersey and Guernsey, where the days of aggressive tax loopholes may be numbered.”
The Guardian, 26th June 2012
Source: www.guardian.co.uk
“Key defences relied on by banks in interest rate swap (IRS) mis-selling claims are set to be tested in court this October when the claim of business-owner Sara Pearson against Barclays comes to trial.”
Law Society’s Gazette, 21st June 2012
Source: www.lawgazette.co.uk
“A deal worth at least £10m between banking giant Goldman Sachs and the head of HM Revenue and Customs is set to be challenged in the high court on Wednesday by tax-avoidance campaign group, UK Uncut Legal Action.”
The Guardian, 13th June 2012
Source: www.guardian.co.uk
“All banks, building societies and credit unions will have to ‘prominently display’ notices explaining what compensation arrangements apply to customer deposits, banking regulator the Financial Services Authority (FSA) has announced.”
OUT-LAW.com, 29th May 2012
Source: www.out-law.com
“A Court of Appeal ruling on anti-money-laundering obligations will bring relief for businesses, including law firms, and remind lawyers of the importance of having appropriate systems to evidence concerns leading to suspicious activity reports (SARs).”
Law Society’s Gazette, 24th May 2012
Source: www.lawgazette.co.uk
“Government fraud investigators came under attack today as two property magnates arrested during an inquiry into a failed Icelandic bank launched a High Court fight to clear their names.”
The Independent, 22nd May 2012
Source: www.independent.co.uk
“Her Majesty’s Revenue and Customs will be forced to defend itself in court against allegations that it gave one of the world’s most profitable banks a sweetheart deal on the repayment of unpaid taxes worth up to £20m.”
The Guardian, 18th April 2012
Source: www.guardian.co.uk
“The City watchdog has warned that many banks are failing to provide proper controls to prevent bribery and corruption despite the high profile introduction of the Bribery Act last year.”
The Guardian, 29th March 2012
Source: www.guardian.co.uk
“A senior salesman at Credit Suisse has been fined £210,000 by the Financial Services Authority for playing a guessing game with clients to enable them to identify private information about a forthcoming bond issue.”
The Guardian, 13th March 2012
Source: www.guardian.co.uk
“A group of institutional and private shareholders has launched a multi-billion pound legal claim against the Royal Bank of Scotland (RBS), its former chief executive Fred Goodwin and 18 directors and non-executive directors.”
Daily Telegraph, 12th March 2012
Source: www.telegraph.co.uk
“The corporate arm of the Bank of Scotland was guilty of ‘very serious misconduct’ in the way it loaned money to businesses which contributed to its need to be bailed out by the Government, the financial services regulator has confirmed.”
OUT-LAW.com, 12th March 2012
Source: www.out-law.com
“Insurers and banks can legitimately trade liquid and illiquid assets providing it is done on a ‘sensible scale,’ the City watchdog has said.”
OUT-LAW.com, 2nd March 2012
Source: www.out-law.com
“A widow who says she was conned by her violent art dealer husband into picking up a £1 million debt when he died is fighting a unique High Court battle for the return of the cash.”
Daily Telegraph, 28th February 2012
Source: www.guardian.co.uk
“The Treasury has rushed in legislation to close down two ‘aggressive’ tax avoidance schemes that a high-street bank had disclosed to HM Revenue and Customs in an effort to avoid tax. As it announced highly unusual steps to take retrospective action to shut down the ‘highly abusive’ schemes, the Treasury refused to the name the bank involved, although the Guardian understands that it is Barclays. The bank has refused to comment.”
The Guardian, 28th February 2012
Source: www.guardian.co.uk
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