Clearlake Expands Liquid Credit Platform With Acquisition of LCM Asset Management’s CLO Contracts Business Wire Transaction adds 31 CLOs and more than $5 billion of AUM, strengthening Clearlake Credit’s position in liquid credit
Businesses ‘yearning for stability’ says UK bank chief Banking Businesses are “yearning” for stability, according to a top banking chief executive, as the turmoil in the Middle East threatens to upend the global economy. Ian Corfield, the boss of London-listed Secure Trust Bank, told City AM: “I think the reality is that even before things kicked off a month ago, obviously nerves were increasing. [...]
Secure Trust Bank sells motor finance arm after £21m hit Banking Specialist lender Secure Trust Bank has offloaded its motor finance arm, becoming the latest UK bank to retreat from the sector, which has been wrapped up in scandal. The bank sold its remaining vehicle finance loan book to European Alternative Investment Fund Manager LCM Partners in a move expected to increase the bank’s CET1 ratio – a [...]
NHS: Google faces appeal over patient data deal with London’s Royal Free Hospital October 21, 2024 Tech giant Google is back in court this week as it seeks to defend off an appeal over a ruling to throw out a data privacy class action against it
Litigation Capital Management profit drops but strategic plan remains on track September 17, 2024 The firm's pretax profit in the 2024 financial year dropped to AUD16.1m (£8.2m), down from AUD42.7m last year.
London-listed Litigation Capital Management appoints veteran accountant as CFO June 18, 2024 Litigation Capital Management has appointed David Collins as its new chief financial officer, as Mary Gangemi is set to resign
Silicon Valley Bank collapse poses ‘tremendous opportunity’, lawsuit funder LCM says March 14, 2023 The collapse of Silicon Valley Bank poses a “tremendous opportunity” for more lawsuits, funder Litigation Capital Management (LCM) has said. The firm is readying itself to profit on an uptick in bankruptcies as the global economy hits a slump, the company’s chief executive has said. The Australian financier, that in February made £7m in profits [...]
KPMG’s Carillion settlement generates £7m profit for Aussie litigation funder February 20, 2023 An Australian litigation funder has more than doubled its money after giving Carillion’s liquidator millions to fight a £1.3bn lawsuit against KPMG. Litigation Capital Management (LCM) has generated more than £7m in profits after funding the claim brought by Carillion’s liquidator against the Big Four firm, the Aussie firm said today. LCM’s announcement comes [...]
Google and DeepMind face class action lawsuit over patient data deal with London hospital May 16, 2022 London law firm Mishcon de Reya is bringing forward a major class action lawsuit against artificial intelligence (AI) firm DeepMind and its sister company Google over claims the two firms misused UK patients’ medical records while working with the Royal Free Hospital. The lawsuit, filed to the High Court on behalf of 1.6m individuals, comes [...]
Your guide to the 2021 London Cocktail Month September 29, 2021 No longer content with a mere week, this year’s celebration of mixology has been rebranded London Cocktail Month. Featuring a packed schedule of events, from food pairings to hands-on masterclasses, the next four weeks are the perfect time for booze enthusiasts to indulge. With dozens of bartenders creating hundreds of special drinks for the occasion, [...]