Standard Chartered slapped with $2.7bn lawsuit over fraud scandal July 1, 2025 Standard Chartered has been hit with a $2.7bn lawsuit over its alleged role in one of the world’s largest financial fraud cases, known as the 1MBD scandal. The London-headquartered lender is being accused of helping move and hide billions of dollars that were stolen from Malaysia’s 1MDB fund, by not sufficiently checking to see where [...]
Barclays seeks to appeal Ombudsman motor finance ruling June 30, 2025 After losing a court battle in December to challenge a decision by the Ombudsman regarding motor finance, Barclays is back in court this week to appeal
Demand for financial advice surges for time-pressed City workers June 30, 2025 City workers facing a time-pressed epidemic often lack confidence in their financial situation, resulting in businesses seeking external financial advice
Sandwich or Confectionery? M&S strawberry sandwich raises VAT questions June 26, 2025 M&S has jumped on the bandwagon of the viral Japanese strawberry sando by launching its own, but the treat has raised the old familiar question about VAT
Former Barclays boss Jes Staley fails to overturn leadership ban June 26, 2025 Former Barclays CEO Jes Staley lost his bid to overturn a ban from holding senior leadership after he was found to have misled about his relationship with Epstein. The Upper Tribunal found he did not fully disclose the terms of his relationship with Jeffrey Epstein to Barclays before the letter that was sent to the [...]
FA accused of stalling brain damage lawsuit from former players June 26, 2025 Football chiefs have been accused of “deliberately stalling” a landmark lawsuit brought by former players who suffered “life-altering” brain damage as the legal battle resumes today. The Football Association, English Football League and FA of Wales are the defendants in a case brought by 30 former players and their families who say the game’s authorities [...]
Getty Images drops ‘key argument’ in its live trial against Stability AI June 26, 2025 Two weeks into the closely watched trial, Getty Images has dropped its claims for primary copyright infringement against the British AI image generator company
Private equity circles the legal market, but not all firms are viable for investment boost June 26, 2025 It is no surprise that law firms have become a new target of interest for private equity firms as the legal sector is a big moneymaker
Crypto exchange to tokenise motor finance claims June 25, 2025 Tokenisation platform Bitfinex Securities has revealed a direct listing of a £100m tokenised equity issuance to provide litigation funding for claims against the motor finance industry
Ofwat set to fight off legal action over its price review June 24, 2025 Ofwat is set to face legal action over its price review after an application was green-lit to proceed to the High Court.