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US law firms are set to double down on their investment in London which has seen New York’s legal elite hire snap up leading partner talent from UK rivals, according to London’s top lawyers “There’s obviously a very good lateral market in London with the Magic Circle. It’s probably an...

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  • June 13, 2023

Big US banks face a challenging environment for office-space loans but the situation is expected to remain manageable for lenders over time, Citi analyst Keith Horowitz said on 29 May in a summary of a recent industry event hosted by the bank. Citigroup.’s 2023 Beyond the Basics conference highlighted office space...

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  • May 30, 2023

Spain has advocated banning encryption for hundreds of millions of people within the European Union, according to a leaked document obtained by WIRED that reveals strong support among EU member states for proposals to scan private messages for illegal content. The document, a European Council survey of member countries’ views...

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  • May 22, 2023

Europe’s GDPR has just dealt its biggest hammer blow yet. Almost exactly five years since the continent’s strict data rules came into force, Meta has been hit with a colossal €1.2 billion fine ($1.3 billion) for sending data about hundreds of millions of Europeans to the United States, where weaker...

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  • May 22, 2023

Wells Fargo agreed to pay shareholders $1bn to settle a class-action lawsuit that accused the bank of overstating its progress in cleaning up after its 2016 fake accounts scandal. The bank’s shareholders alleged Wells Fargo and its past leadership misled them about how swiftly they were fixing the governance issues...

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  • May 15, 2023