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The Latest Breaking News from FCA

Jeffrey Epstein used lobbyist to push for Jes Staley to be Barclays CEO, court told

‘Project Jes’ planned to target high-level figures including George Osborne and Mervyn King, emails suggest

The Guardian - UK

‘High numbers’ of motor finance commission complaints seen by ombudsman service

The Financial Ombudsman Service said it is putting steps in place to ensure it can resolve motor finance commission gripes ‘as quickly as possible’.

Evening Standard

Ex-Barclays chief described Jeffrey Epstein as one of his ‘most cherished’ friends, tribunal hears

Jes Staley insists he did not mislead the Financial Conduct Authority over his relationship with Jeffrey Epstein

The Independent UK

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Ex-Barclays chief did not mislead FCA over Epstein relationship, tribunal told

Jes Staley is challenging the regulator’s previous findings.

Evening Standard

Jes Staley received images of ‘mature women’ from Jeffrey Epstein, court hears

Lawyers for ex-Barclays CEO challenging FCA ban argue pictures were ‘innocuous’

The Guardian - UK

Former Barclays boss gambles on courtroom battle over ties to Epstein

Next week Jes Staley will challenge his ban from the City in a case that will reveal his conversations with the disgraced financier

The Guardian - UK

Former Barclays chief Jes Staley heads to court to clear name from associations to Jeffrey Epstein

American banker had a relationship with the now-deceased Epstein while working at JPMorgan Chase

The Independent UK

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Carlos Tavares Earned an Absurd Amount of Money as Stellantis CEO

Carlos Tavares suddenly abandoned the Stellantis ship in December, even though his five-year contract wasn’t set to expire until early 2026. The first and only CEO of Stellantis had held the position since 2021, when Fiat Chrysler Automobiles (FCA) and Peugeot Citroën (PSA Group) officially tied the knot, finalizing their…

Motor1

Barclays ex-CEO Jes Staley mounts fight to distance himself from Jeffrey Epstein, contesting the UK regulator banning him from running a bank

The Financial Conduct Authority fined Staley $2.2 million and banned him from senior banking roles after finding he misled regulators about his relationship with Epstein.

Fortune

Giving entrepreneurs better mortgage and pension access ‘could boost economy’

Solving the ‘finance conundrum’ that entrepreneurs find themselves in could help to unlock growth to get the economy on track, the FSB said.

Evening Standard

Calls to make it easier for entrepreneurs to buy homes

‘Getting this right will enable entrepreneurs to do what they do best – innovate, adapt and create’

The Independent UK

Mortgage deals becoming more accessible in good news for first-time buyers

In the early months of 2025, lenders are racing to give the best deals to first-time buyers as the sales market gets off to a strong start. Latest data from Zoopla shows the year has kicked off with higher demand that in 2023 or 2024, as property value growth also…

The Independent UK

Women are more likely than ever to invest. Here’s six tips to get started

New data shows some women are powering ahead as investors

The Independent UK

UK lenders paid car dealers cash upfront that may have led to costlier loans

Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers

The Guardian - UK

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International Business Times

Barclays Faces Money-Laundering Investigation

It acknowledged that watchdog Financial Conduct Authority is examining whether the bank's UK division had broken any laws by being too lax

Evening Standard

Government expresses support for FCA proposal to review mortgage rules

The Government said it wants the Financial Conduct Authority review to be as ambitious and rapid as possible to help people achieve homeownership.

inkl

Outlook for Defined Contribution (DC) Pensions in 2025

As we enter a year of consultations and regulatory change for DC schemes, TPT’s Philip Smith discusses their impact on the future of workplace pensions in the UK.

The Guardian - UK

Car finance scandal: lender sets aside £165m for possible compensation costs

Estimate by Close Brothers follows ‘thorough assessment’ of court case’s impact on UK vehicle loan industry

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Evening Standard

Number of misleading financial ads removed by watchdog doubled last year

False or misleading adverts for compensation claims, cryptocurrency and debt relief products are on the up, said the Financial Conduct Authority.

The Independent UK

Watchdog should halt plans for ‘naming and shaming’ firms, says Lords committee

The FCA launched proposals last year which would allow it to announce when it has opened enforcement investigations into financial firms.

The Guardian - UK

Green activists warn London exchange over possibly ‘criminal’ copper trading

Dealing in metal from Papua could break UK law because of environmental impact of mining it, campaigners argue

Evening Standard

Financial watchdog in ‘denial’ of problems claim MPs in fresh criticism

A cross-party group of MPs renewed their criticism of the Financial Conduct Authority, as the watchdog denied claims it has not offered to meet them.

The National (Scotland)

‘Royal’ told Jeffrey Epstein they would ‘play more soon’ after no contact claims

A royal family member reportedly told paedophile financier Jeffrey Epstein they would “play more soon” after claiming they no longer had…

The National (Scotland)

'Royal family member' in contact with Epstein until 2011, court documents show

A “ROYAL family member” was in email contact with the paedophile financier Jeffrey Epstein as late as February 2011, according to court…

The Guardian - UK

Ex-Barclays CEO gears up for explosive trial over City regulator’s allegations on Jeffrey Epstein ties

Court papers seen by the Guardian mean Jes Staley’s appeal against FCA ruling will demand answers on links to sex offender

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