In a preliminary ruling, Judge Nicholas Thompsell has determined that TSB bank did not breach the terms of home loan agreements with claimants, who allege they were “mortgage prisoners.” The claimants, represented by Harcus Parker, argue that they were charged inflated interest rates after TSB’s Whistletree subsidiary acquired their loans post-Northern Rock’s 2008 bailout. The…

Caroline Ellison, the former CEO of Alameda Research, has been sentenced to two years in prison for her involvement in the theft of approximately $8bn in customer funds from the now-defunct FTX crypto exchange. US District Judge Lewis Kaplan acknowledged her “remarkable cooperation” with prosecutors. Ms Ellison, who pleaded guilty to seven felony counts, expressed…

Financial Conduct Authority (FCA) chairman Ashley Alder has been cleared of wrongdoing following an investigation into his handling of a whistleblower complaint. A former FCA employee last month claimed that Mr Alder failed to keep their identity secret, with a second former employee making a similar claim shortly after. However, an internal review led by…

Concerns are mounting over UK-registered news websites which are allegedly spreading disinformation about Western companies in Ukraine. In response, parliamentarians, including Lord Wallace of Saltaire, are advocating for legal reforms to mandate transparency in media ownership, similar to regulations in the EU. Lord Wallace commented: “It is extremely concerning that London’s reputation as a media…

Private equity investor Guy Hands, through his company Annington Homes, has filed a legal claim against Housing Secretary Angela Rayner in the European Court of Human Rights. The dispute revolves around the Leasehold and Freehold Reform Act, which aims to enhance tenant rights regarding ground rents and lease extensions. Hands argues that the Act’s vagueness…

Inflation in the UK remained unchanged at 2.2% in August, according to the Office for National Statistics (ONS), aligning with economists’ predictions. However, core inflation increased to 3.6%, up from 3.3% in July. The Bank of England, which recently cut rates for the first time since the pandemic, is expected to proceed cautiously due to…