Finance & banking regulation news

Financial regulation

Convicted former Schroders' trader ordered to pay up £350k or face more jail time

FCA says trader already docked for insider trading could be given three more years in jail if he does not meet a confiscation order.

Jul 25, 2017

By Staff Reporter

Nasdaq to acquire surveillance specialist Sybenetix

Sybenetix combines behavioral analytics and cognitive computing with financial markets expertise.

Jul 25, 2017

By Ian Allison

Bank of England concerned by 'spiral of complacency' over consumer lending

Senior bank official says a rapid rise in household loans could pose a threat to the UK economy.

Jul 25, 2017

By Karthick Arvinth

Bank of England

Embarrassment for Rex Tillerson as ExxonMobil sues new boss Donald Trump over Russia fine

Oil and gas behemoth taking Trump administration to court over "capricious" Russian sanctions fine.

Jul 21, 2017

By Gaurav Sharma

Russia

Nigerian court orders seizure of former oil minister's property

Diezani Alison-Madueke, Nigeria's oil minister from 2010-15, is being pursued for alleged corruption allegations.

Jul 20, 2017

By Gaurav Sharma

Nigeria OPEC

Ireland issued over 500,000 passports this year as Brexit sparks demand

Dublin figures show it received just under 100,000 applications from Britain and Northern Ireland.

Jul 20, 2017

By Roger Baird

Brexit European Union

Sky appoints BNP Paribas Real Estate to sell its west London campus for £545m

Murdochs tell Culture Secretary delay to Fox takeover of Sky bad for 'British investment'

In a letter to Karen Bradley, James and Lachlan Murdoch claim delay would sour the climate for foreign direct investment.

Jul 19, 2017

By Gaurav Sharma

Rupert Murdoch Brexit

Theresa May told to seek consent of all UK nations to secure lasting Brexit deal

House of Lords' EU Select Committee issues warning to prime minister.

Jul 19, 2017

By Ian Silvera

Brexit European Union

$A man walks past a building in the morning mist at London\'s financial district of Canary Wharf September 16, 2014$

Northern Trust opts for EU subsidiary in Luxembourg to mitigate Brexit risk

Asset manager wants to make sure market access is not disrupted following UK's exit from the European economic bloc.

Jul 19, 2017

By Gaurav Sharma

Brexit

Inside the Red Tape Initiative – the cross-party search for 'hidden Brexit nuggets'

Nick Tyrone, the director-general of the group, speaks to IBTimes UK about EU regulations.

Jul 19, 2017

By Ian Silvera

Brexit

End of 'rip-off' credit card charges as government announces crackdown

Credit and debit card surcharges amount to £473m a year says Treasury.

Jul 19, 2017

By Roger Baird

Apple sued as Apple Pay violates patents

With six months to go until PSD2, why aren't we seeing more innovation from banks?

Daniel Döderlein, CEO of Auka, warns that big tech companies are honing their payment strategies.

Jul 18, 2017

By Daniel Döderlein

Google Apple Facebook

Watchdog pulls the plug on sexism in British adverts

The Advertising Standards Authority said it will take "a tougher line" on gender stereotypes

Jul 18, 2017

By Roger Baird

BNP Paribas fined $246m for currency manipulation

The French banking group says it 'deeply regrets' misconduct.

Jul 18, 2017

By Karthick Arvinth

Federal Reserve

FCA launches probe into online retail funds 'supermarkets'

Watchdog aims to establish whether online platforms can 'distort' competition in the sector.

Jul 17, 2017

By Dan Cancian

Saudi Arabia plans Aramco listing in London, Hong Kong, and New York

Will the City bend rules to snare Saudi Aramco IPO?

The Financial Conduct Authority puts forward proposal that would allow firms owned by foreign states to list on London's stock market.

Jul 13, 2017

By Dan Cancian

Southern Rail owner fined £13.4m over poor performance

Govia Thameslink Railway says settlement is 'fair outcome,' but unions criticise decision.

Jul 13, 2017

By Karthick Arvinth

Uber branded 'immoral' by Labour business spokeswoman Rebecca Long-Bailey

Long-Bailey objected to the firm's employment practices, with drivers being treated as contractors.

Jul 11, 2017

By Ian Silvera

Uber

Regulator sets cap to tackle EE and Vodafone spectrum strength ahead of 5G auction

Ofcom rules mobile phone operators will not be allowed to own more than 37% of the airwaves available by 2020.

Jul 11, 2017

By Dan Cancian

Bank of England warns it will go after banks looking for loopholes in regulations

The Bank said firms should respect the spirit as well as the letter of rules that guard against another financial crisis.

Jul 10, 2017

By Roger Baird

Bank of England

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