Galp

Controversial Call from FCA: Judge's Reaction to Barclays Case Raises Eyebrows

2 days ago

A recent hearing in a high-profile case involving former Barclays CEO Jes Staley has drawn attention after a judge's bewilderment over the approach taken by the Financial Conduct Authority (FCA). The case primarily revolves around alleged misconduct during Staley’s tenure at Barclays, with the FCA’s interactions being scrutinized following a phone call that caught the court's attention.

JPMorgan's Decision on Javice's User Data Verification Raises Questions

11 days ago

In a surprising turn of events, a recent testimony has revealed that JPMorgan Chase & Co. opted not to verify the user data presented by Frank founder Charlie Javice during a critical acquisition process. This disclosure has sparked intrigue within the financial and tech sectors, particularly regarding the due diligence practices employed by major banks when it comes to startups promising innovative solutions in the fintech space.

New Revelations on Epstein's Network: Staley's Perspective Unveiled

1 month ago

In a recent disclosure, Jes Staley, the former CEO of Barclays, spoke about the extensive and influential network of contacts associated with the late Jeffrey Epstein. Staley's insights came to light during legal proceedings related to his connections with Epstein, who was a convicted sex offender and financier. Staley articulated that Epstein possessed a "remarkable contact network" that was highly valuable in various business and financial contexts.

UK Top Court Weighs Extradition Case of Trader Battling Insider Trading Charges

2 months ago

In a significant legal development, the United Kingdom’s Supreme Court is currently deliberating on the case of a trader accused of insider trading. This case has attracted considerable attention due to the complexities surrounding extradition laws and the implications for international financial crime enforcement.

Supreme Court Declines to Hear Appeal from Oil Companies in Landmark Hawaii Climate Case

3 months ago

In a significant legal development, the U.S. Supreme Court has opted not to hear an appeal from major oil companies, effectively upholding a lower court's ruling related to a landmark climate lawsuit initiated by the state of Hawaii. This decision marks a crucial moment in the ongoing battle between state authorities seeking accountability for climate change and the fossil fuel industry.

Galp Investigates Allegations Surrounding CEO's Personal Relationship

3 months ago

Galp, the prominent Portuguese energy company, has initiated an inquiry following a tip-off concerning an alleged personal relationship involving its CEO, Andy Brown. This revelation comes to light amidst broader scrutiny of the company's governance practices and ethical standards.

UK Authorities Charge Five Individuals in Connection to Axiom Ince Collapse

3 months ago

The UK has taken decisive legal action against five individuals, indicting them on charges of fraud related to the collapse of Axiom Ince, a prominent professional services firm. The charges mark a significant development in the investigation surrounding the sudden downfall of the company, which had previously been involved in various sectors including legal and financial services.

Regal Partners and Platinum Asset Management Cease Merger Negotiations

4 months ago

In a significant turn of events within the finance world, Regal Partners has officially put an end to its discussions regarding a potential takeover of Platinum Asset Management. This decision comes after a series of negotiations aimed at combining their operational strengths to create a more formidable presence in the asset management industry.

Swiss Lawyers Off the Hook: No Requirement to Report Suspicious Funds, Says Minister

5 months ago

In a significant development concerning the financial regulations in Switzerland, the Swiss Minister of Justice announced that lawyers in the country will not be obligated to report suspected illicit funds. This decision has ignited a flurry of reactions from various sectors, with critics arguing that it could undermine efforts to combat money laundering and uphold financial integrity.

Namibia Set to Experience New Oil Drilling Surge with Galp Rig Arrival

5 months ago

Namibia is poised for an exciting new phase in its oil exploration journey as the Portuguese oil company Galp prepares to commence drilling operations in the resource-rich offshore region. This upcoming drilling campaign marks a significant milestone for Namibia, leveraging advanced technology and expert knowledge to tap into promising oil reserves that have garnered global interest from major energy stakeholders.