Banking & Finance

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£14 Billion Mastercard Class Action Greenlit by Court

11th December 2020
The class action could mean a £300 payout for 46 million UK adults, regardless of whether or not they have owned a Mastercard.
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Why UK Fintech SMEs Are Failing to Capitalise on Innovation for Tax Relief

10th December 2020
Figures from HMRC indicate that UK fintech companies are not taking advantage of tax relief that could support the growth of their business.
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Commonwealth Bank of Australia Sued for Overcharging Interest

1st December 2020
The Australian regulator found that the bank had overcharged business account overdraft holders by $2.9 million.
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Julius Baer to Settle FIFA Corruption Case for $80 Million

9th November 2020
The fine comes as the Swiss bank seeks to improve its safeguards against money laundering and corruption.
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Arrest Warrants Issued for Founders of Panama Papers Firm

20th October 2020
German authorities are seeking the former heads of the company at the centre of 2016’s far-reaching financial scandal.
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Citigroup Fined $400 Million for Risk Management Deficiencies

8th October 2020
In addition to the fine, US banking regulators will require an overhaul of internal controls at Citibank.
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JPMorgan to Pay $920 Million in Highest Ever Spoofing Settlement

30th September 2020
The multinational investment bank admitted to wrongdoing regarding market manipulation by its traders.
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US Pension Funds Sue Allianz Over $4 Billion Losses

29th September 2020
The pension funds allege that Allianz mismanaged their investments during the COVID-19 market shock.
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SDNY Judge Attacks Prosecutors’ Conduct in Iran Sanctions Case

17th September 2020
Federal prosecutors were accused of deliberately withholding vital evidence, causing a guilty verdict to be vacated.
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US Seeks to Recover $300 Million in 1MDB-Linked UK Assets

17th September 2020
The multibillion-dollar 1MDB has now become the largest ever assert recovery action undertaken by the DOJ.
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