Eat Out From £5

Aon is fined £5.25m as FSA launches crackdown

The City's chief regulator signalled a crackdown on bribery as it fined the insurance broker for anti-corruption failings

Clifford Chance asks partners for £40 million

World's largest law firm makes capital call to seek an average of £100,000 from each of its 400 equity partners

SFO opens probe into Madoff's UK business

Serious Fraud Office urges victims of alleged fraudster to come forward as details emerge of $1m in jewels posted to family

Aon fined £5.25m for 'suspicious' payments

FSA hands down the first-ever penalty against a company for failing to crackdown on bribery and corruption

Clifford Chance to axe up to 80 London lawyers

The world's biggest law firm has begun a redundancy consultation that will affect associates across all practice areas

Indian outsourcing boss admits £1bn fraud

B. Ramalinga Raju, chairman of Satyam, has resigned after confessing in a scandal that has been dubbed India’s Enron

FSA fortifies campaign to stop insider deals

Neil Rollins, of West Yorkshire, has been charged with five counts of insider dealing and four counts of money laundering

Santander to miss targets over Madoff

Spain’s biggest bank predicted to miss its €10bn profit target after compensating clients on Madoff and Lehman bonds

FSA steps up insider dealing blitz

Neil Rollins of Keighley, West Yorkshire, is charged with five counts of insider dealing and four counts of money laundering

FSA considers forcing disclosure of all short positions

Regulator is considering introducing a requirement that 'significant' short positions in all UK shares be disclosed

Simmons named most gay-friendly law firm

City law firms improved their showing on Stonewall's annual benchmark of workplace diversity, with four making the cut

Boardman: law firms right to cut partners

The UK's leading corporate lawyer says that firms should protect associates and target underperforming partners instead

Kaupthing taking legal action in London

Icelandic bank to argue in High Court that the Government acted unlawfully when its UK arm was forced into administration

Iceland brings legal action over Kaupthing UK demise

Kaupthing blames UK Government for its demise after the Icelandic bank's UK arm was put into administration

Clifford Chance hires senior antitrust lawyer

William Blumenthal, general counsel of the Federal Trade Commission, will become chair of the firm's US antitrust practice

Dow Chemical to sue Kuwait over 'contract breach'

US giant hopes to claw back $2.5bn after Kuwait's state-owned chemicals group pulled out of a $17.4bn joint venture

Hard times hit partners in law firms

Senior equity partners, once deemed to be untouchable, are being told that they must shape up or ship out

Madoff breaks bail by mailing $1m in jewellery

Bernard Madoff violated the terms of his bail conditions by posting 'heirlooms' to relatives while under 24-hour house arrest

FSA calls end to ban on short-selling

Practice widely blamed for exacerbating the financial crisis is to be allowed, with conditions, from mid-January

HBOS retirement funds at risk, says trustee

Risk of 79,000 people not having their pensions paid in full by takeover partner Lloyds TSB as trustees try to block the deal