Social media is not above the law

Posted on 24 October 2014 by Carter-Ruck

The rise of social media appears to be unstoppable. Consider these figures, from a recent Forbes article


Shadow banks, shadow boxers – and a haircut

Posted on 23 October 2014 by Carter-Ruck

The term describes borrowing and lending that goes on outside the regulated banking centre. The man who coined it is American economist Paul McCulley. In a 2007 speech at the annual financial symposium hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming, McCulley explained the operation of banks that look like banks, and do what banks do, but aren’t, well, really banks. They are, as this helpful summary reveals, entities that are “in the shadows” and they include investment banks, money market mutual funds, hedge funds and mortgage lenders.


No win, no fee – catch it while you can

Posted on 16 October 2014 by Carter-Ruck

The law has changed in many civil litigation arenas so that now the no win, no fee


This banker needs an umbrella

Posted on 09 October 2014 by Carter-Ruck

The news of the first guilty plea by a banker for fraud offences relating to the rigging of the Libor lending rate is good news for the beleaguered Serious Fraud Office. At last, having been criticised for mismanagement in a number of high-profile cases, it has something to shout about. The SFO’s investigation into the manipulation of Libor continues; there might even be more smiles among its staff in due course.


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