Eighteen of the 21 firms involved in the split-capital investment trust scandal are putting pressure on three investment banks to pay a large slice of the compensation being demanded by the UK regulator.

The three banks are understood to be ABN Amro, HSBC and UBS. Their brokers marketed split-level trusts, whose value collapsed during the bear market.

Banks under pressure to pay more in split-cap deal

Mike Foster

Miles Costello

HSBC

Ex-Citi banker takes over HSBC’s innovation unit

Liontrust to cut 25 jobs in bid to boost profits

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

https://images.fnlondon.com/im-38645354?size=1.5

CDPQ hires Sharon White to lead push in Europe

https://images.penews.com/im-05261766?size=1.5

Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News