Bank’s European in-house team reshuffled as GC Leistner departs
A strong reputation for derivatives work has seen Ashurst selected to join the Magic Circle’s big four international firms on Credit Suisse’s recently finalised UK law firm roster.
Continue reading “Derivatives experience helps Ashurst join Magic Circle on Credit Suisse UK panel”
Constituting a major blow to the Serious Fraud Office, a UK jury has acquitted six City brokers who were alleged to have helped manipulate the London interbank offered rate (Libor), just months after the high profile conviction of former banker Tom Hayes.
Continue reading “SFO fails to secure convictions of six City brokers in Libor case”
The Financial Conduct Authority (FCA) has launched a consultation on whether in-house lawyers need to be policed under the watchdog’s Senior Managers Regime, in an attempt to clarify uncertainties regarding the overall responsibility of an in-house legal function under FCA rules.
The Royal Bank of Scotland (RBS) has warned it will report its eighth successive full-year loss this year as it sets aside £2bn for past scandals including claims relating to mortgage-backed securities and payment protection insurance.
Continue reading “RBS plans ‘clean up’ and sets aside £2bn for PPI claims and US litigation”
The major US banks released fourth quarter 2015 results this week, with Goldman Sachs blaming poor profits on legal costs, as other lenders benefited from declining legal spends.
Continue reading “US banking results: Goldman Sachs quadruples annual legal spend as others cutback”
Hogan Lovells has made a key hire in the City with Pinsent Masons financial services chief John Salmon, in a bid to better position itself for opportunities in the burgeoning financial technology (fintech) market.
Continue reading “Fintech play: Hogan Lovells hires Pinsent Masons financial services chief Salmon”
In a decision that will provide little comfort for those facing similar charges, the Court of Appeal has refused the appeal of former derivatives trader Tom Hayes, who in August was found guilty of manipulating the London Interbank Offered Rate (Libor).
DLA Piper has made a major finance play in the City with the hire of former Slaughter and May partner Mark Dwyer and Baker & McKenzie structured finance veteran Vincent Keaveny.
Royal Bank of Scotland (RBS) general counsel John Collins has resigned just 11 months after becoming the top lawyer at the leading High Street bank.
Continue reading “Top RBS lawyer resigns as John Collins makes surprise defection to Santander”
Linklaters has made a rare lateral hire to bring Shearman & Sterling private equity partner Ben Rodham back to the firm just three years after leaving the Magic Circle firm.
Continue reading “Rising star Rodham returns to Linklaters to boost private equity team”
