Despite a raft of important qualitative reservations and at best poor empirical evidence, the argument that, in case of business problems, large banks are more likely to be bailed out by government intervention than smaller banks (‘too big to fail’) cannot be dismissed entirely. The...

The claimant, Mr Fleurose had been employed by JP Morgan Securities Ltd, a member of the Securities and Futures Authority (SFA), as a senior cash arbitrage trader. The London Stock Exchange (LSE) carried out an investigation into allegations that, on 28th November, 1997 he had, acting with his...

Private personal pension plans had been represented and sold by representatives of the two claimants in these conjoined actions to members of the public as an alternative to occupational pension schemes. As is only too well known by now these sales were in contravention of the obligation to give...