Caroline Binham

Women coming into large estates have to deal with emotional loss and financial complexity — often with limited preparation

Appeals court overturns verdict after US Supreme Court invalidated a key legal theory used to convict him

Regulators flagged ‘snow white’ reference in messages between former Barclays boss and sex offender

The Bank of England has hit Citigroup with a record £44m fine for “serious” reporting failures that left UK regulators with an incomplete picture of the financial health of one of the world’s biggest banks. Citi’s UK operations, which account for about 15.6 per cent of the US bank’s assets, lacked a proper framework for reporting its capital and liquidity position for more than four years, according to the Prudential Regulation Authority, the arm of the central bank that imposed the penalty on…

Anti-fraud agency criticised for not ending investigation sooner

Regulators will question representatives of digital currency over threat to financial stability

Goldman Sachs’s London unit has landed a £34.3m fine from the UK financial watchdog for misreporting more than 220m transactions over a 10-year period. The fine is the largest handed out by the UK Financial Conduct Authority for transaction-reporting failures under European rules known as Mifid, topping the £27.6m fine UBS received earlier this month from the regulator for similar errors. The FCA said on Thursday that the bank had failed to properly provide complete and timely data on more tha…

UBS has been fined a record £27.6m by the UK’s financial watchdog for misreporting 136m transactions over nearly a decade. It is the largest fine levied by the Financial Conduct Authority for transaction-reporting breaches — more than double the previous record. In 2005, the Swiss bank was fined £100,000 for similar shortcomings. UBS failed to ensure that complete and accurate information on 87m transactions was sent to the regulator, which uses the details to try to spot market abuse, inside…

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NCA opens case into limited liability partnership and warns of ‘route for money laundering’