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Ponzi Scheme, London
London Capital & Finance Bosses Ran a Ponzi Scheme, UK Judge Rules
Bosses at London Capital & Finance Plc ran a ponzi scheme to collect hundreds of millions of pounds from retail investors, spending much of it on themselves, a London judge ruled.
Investment firm ran Ponzi scheme, High Court rules
London Capital & Finance (LCF) raised £237m from more then 11,600 investors before collapsing.
Failed London Capital & Finance was Ponzi scheme, High Court rules
British investment firm London Capital & Finance (LCF), whose failure in 2019 triggered one of Britain's biggest retail investment scandals, operated as a Ponzi scheme and five men are liable for hefty damages,
Mini-bond firm London Capital & Finance was just a Ponzi scheme, rules judge
London Capital & Finance raised £237m from around 11,600 individual investors, promising them healthy returns from the sale of risky 'mini-bond' products.
UK Plans Pension 'Megafunds'
UK plans to create pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves says the government plans to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s sub-par economic growth.
Bloomberg Daybreak Europe: UK Plans Pension ‘Megafunds’
Overnight on Wall Street is morning in Europe.Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.
Pension 'megafunds' will boost growth and reward British savers - Reeves
Rachel Reeves has told City chiefs she plans to create pension "megafunds" that will "power growth" in the economy and reward British savers. In her first Mansion House speech as Chancellor, Ms Reeves announced plans for the megafunds which she said could bring in £80 billion to invest in businesses and infrastructure.
5h
on MSN
'Amazing showcase' for UK gaming industry cancelled
One of the main showcases for UK gaming has been cancelled, reflecting the wider struggles of an industry which has seen a ...
12h
Crisis-era regulation has 'gone too far', Reeves tells UK finance sector
Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial ...
15h
on MSN
London weather: Snow could fall next week as temperatures plunge to zero
The Met Office has predicted a shift to cooler, more unsettled weather in
London
from the weekend into next week. The ...
1h
Viaro chief accused of forgery and stealing €144mn in London lawsuit
Taqa has since brought a separate claim in the High Court against Viaro and Mazzagatti, along with other defendants, alleging that RockRose declared an $84mn dividend shortly before selling an ...
Bloomberg L.P.
1d
UK Watchdog Shuffles Regulators Overseeing London Trading Floors
The
UK
’s Financial Conduct Authority appointed Simon Walls to temporarily oversee the division responsible for regulating ...
12h
Iceland fishing firm wins UK lawsuit against artist over fake bribery apology
Icelandic fishing company Samherji on Thursday won its lawsuit against an artist over a fake apology for its role in ...
GlobalCapital
5h
Tokenised Gilts on the horizon as UK government to launch pilot
Digital Gilt issuance to learn from ECB Trials and help London grow as a distributed ledger technology bond centre ...
Time Out
1d
London is hosting the UK’s first ever TikTok awards
Next month, London will host the UK’s first-ever TikTok awards, celebrating Britain’s best creators on the app. The night, ...
16h
on MSN
UK markets watchdog softens naming and shaming plan
FCA Chief Executive Nikhil Rathi said the markets regulator planned to name only around one or two firms under investigation ...
AOL
22h
UK consumer group takes on Apple over iCloud service
LONDON
(Reuters) - British consumer group Which? will launch legal action against Apple on Thursday, alleging the tech ...
2h
on MSN
London: British Hindus protest outside Oxford Union over debate on Kashmir with speakers having 'terror' links
INSIGHT UK, a British Hindu and Indian social movement, protested outside the Oxford Union on Friday, accusing the debating ...
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