United Kingdom

Kirstin Ridley

Abraaj founder faces February extradition hearing on U.S. fraud charge

4:57pm BST

LONDON The founder and a former managing director of collapsed Dubai-based private equity firm Abraaj, who are wanted by U.S. prosecutors on fraud charges, face a four-day extradition hearing in February, a London court heard on Wednesday.

Ex-UBS compliance officer convicted in London insider dealing case

25 Jun 2019

LONDON A former UBS compliance officer and her day-trader friend were found guilty of insider dealing by a London jury on Tuesday, marking a success for Britain's Financial Conduct Authority (FCA) after a two-month trial.

Former Deutsche Bank executive denies helping Bittar rig Euribor

25 Jun 2019

LONDON A former Deutsche Bank managing director, charged with manipulating global Euribor interest rates, on Tuesday denied helping convicted trader Christian Bittar and said any assistance his team gave his former colleague was inappropriate.

Ex-Barclays CEO Varley cleared of fraud charges

21 Jun 2019

LONDON Former Barclays CEO John Varley was acquitted of fraud charges on Friday after senior judges said there was insufficient evidence against him in a case about Qatari cash injections that saved the bank from a state bailout in 2008.

Ex-Deutsche banker 'ruled the roost' in Frankfurt, Euribor trial told

11 Jun 2019

LONDON A former senior Deutsche Bank banker, who "ruled the roost" in Frankfurt, was part of an elite group that gamed the global financial system, seeking an edge over counterparties in a five-year rate rigging plot, a London trial heard on Tuesday.

Ex-Deutsche Bank banker helped game global financial system, Euribor trial told

11 Jun 2019

LONDON A former Deutsche Bank managing director was part of a group that gamed the global financial system in a five-year plot to rig Euribor interest rates, a prosecutor alleged at the first day of his trial in London on Tuesday.

U.S. regulators probe embattled hedge fund firm City Financial

05 Jun 2019

LONDON U.S. regulators are investigating City Financial Investment Company, a London-based hedge fund firm that entered administration three months ago, according to a notice published at UK companies registrar Companies House on Tuesday.

UK regulator bans former broker over Libor 'wash' trades

29 May 2019

LONDON Britain's markets regulator has banned Terry Farr, one of six former brokers unanimously acquitted by a London jury over their role in the Libor scandal, for dishonesty and lacking integrity over so-called "wash" trades.

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

16 May 2019

BRUSSELS/LONDON Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.

Banks in Britain face fines over arbitrary fraud compensation - regulator

16 May 2019

LONDON Banks in Britain could face fines if they make selective and arbitrary decisions about compensating customers who have fallen victim to fraud, the Financial Conduct Authority's head of enforcement said on Wednesday.

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