Former City trader’s rate rigging conviction overturned Legal A former City trader previously convicted of rigging the Euribor interest rates has had his fraud conviction overturned. Christian Bittar, formerly a trader at Deutsche Bank, had his conviction overturned by the Court of Appeal on Friday after being sentenced to five years in prison for rigging the primary European interest rate, the Euro Interbank [...]
Businesses could face flood of ‘trivial’ compensation claims over GDPR worries Legal Businesses could face a “raft” of “trivial” data protection claims if the Supreme Court rules compensation can be won for emotional distress or anxiety caused by data breaches without needing to prove any harm actually occurred, in a hearing set to conclude on Thursday. The case was originally brought by 432 current and former police [...]
MFS founder accuses administrators of ‘internecine warfare’ Banking The founder of collapsed shadow bank MFS has accused administrators of “internecine warfare” and harassment as the firm’s creditors fight to unlock billions of pounds in frozen funds, City AM can reveal. Paresh Raja, the chief executive of Market Financial Solutions who has denied claims he siphoned “vast sums” from the mortgage firm, has asked [...]
Bolt set for £190m VAT bill after legal defeat October 8, 2026 Ride-hailing platform Bolt has been refused permission to appeal a case brought by HMRC over how it calculates and pays its VAT. This follows HMRC winning an appeal in June against the Estonian tech giant over its VAT payments and calculations, overturning earlier decisions that had ruled in Bolt’s favour. The tax authority brought the [...]
‘Sick at the desk’ workforce crisis costs UK economy billions every year October 8, 2026 Britain’s workforce health crisis isn’t happening on sick leave; it’s happening at the desk, as employees are working through illness and stress. Poor workforce health is estimated to cost the UK economy £241bn in lost productivity annually, according to claims in a new report by healthcare insurer Vitality, with mental ill-health being the single largest [...]
Former City traders’ fraud convictions overturned October 7, 2026 A group of five former City traders previously convicted of rigging the Libor and Euribor interest rates have had their fraud convictions overturned by the Court of Appeal. The five investment bankers, who previously worked at Barclays, had their convictions quashed having served jailtime for conspiring to rig the now-defunct interest rates in the run-up [...]
Labour’s band-aid won’t save the justice system from collapse October 7, 2026 When the buildings designed to deliver justice are infested with rats, it is no surprise that the system itself is rotting from the inside out, writes Maria Ward-Brennan. The terrible state of the justice system is by now well understood, but with the government’s most controversial plan to relive the pressure now partially scrapped, the [...]
Post Office former senior lawyer slammed over remote Tribunal request October 6, 2026 The Post Office’s former general counsel is “putting her own convenience” first by filing an application to appear remotely from Australia for a Tribunal hearing over alleged misconduct during the Horizon IT Scandal, the legal regulator counsel said. Jane MacLeod, the former Post Office general counsel from 2015 to 2019 and Nicholas Gould, a partner [...]
Meta court battle will not delay Instagram probe, Ofcom says October 6, 2026 Meta’s legal challenge against Ofcom has not delayed the regulator’s separate investigation into Instagram, Ofcom has told City AM. The watchdog said the ongoing English High Court proceedings had “not impacted the timing” of its decision to investigate whether Meta broke UK online safety rules when it launched Instagram Instants. The comments come as Meta, [...]
City watchdog launches probe after whistleblower’s death raises questions October 6, 2026 The Financial Conduct Authority (FCA) has launched a probe into how the regulatory body interacted with a whistleblower who recently took his own life. Simon Andriesz, a former managing director at BGC Partners, had blown the whistle on alleged links between the US secretary of commerce Howard Lutnick and convicted sex offender Jeffrey Epstein. He [...]