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The Latest Breaking News from FCA

Banks closing branches will have to protect customers’ access to cash – watchdog

The Financial Conduct Authority said new rules will come into effect from September 18.

The Independent UK

UK banks told to treat politicians more fairly after Farage debanking row

The FCA says financial institutions should not disadvantage people running for office and their families

The Guardian - UK

Digital wallets and Big Tech put under the spotlight by regulators

A call for information has been issued by the Financial Conduct Authority and the Payment Systems Regulator.

The Independent UK

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read the most diverse news in one place.

Savers ‘short-changed’ on easy access accounts that are closed to new business

Customers need to see if they are getting a ‘raw deal’, according to Moneyfactscompare.co.uk, which carried out the analysis.

The Independent UK

Reeves must go beyond FCA reforms to save London listings

City Voices: Dealmakers will pounce on UK listed companies

Evening Standard

Former reality TV stars face 2027 trial over Instagram trading scheme

Eight of nine ‘finfluencers’ plead not guilty to promoting unauthorised content to 4.5m followers

The Guardian - UK

London stock market rules shaken up in attempt to stop firms moving overseas

Changes will allow companies to skip shareholder votes on takeovers, which critics say risk ‘diluting the quality’ of the UK market

The Guardian - UK

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Human rights group urges UK financial regulator to block Shein’s LSE flotation

Campaigners allege Uyghur people used as forced labour at some of fast-fashion retailer’s cotton suppliers in China

The Guardian - UK

Stellantis Could Bring Ram ProMaster City Back As An Electric Van

The Ram ProMaster City was discontinued in 2022, but it could return as an EV van based on the Citroen Ë-Jumpy.

InsideEVs

Celebrity Big Brother winner pleads not guilty in Instagram ‘finfluencers’ case

Love Island and Towie stars also in court accused of plugging trading scheme on social media

The Guardian - UK

Tribunal cases to rise as UK firms push back on remote working, experts say

Some employers emboldened by ruling against FCA manager’s claim over working at home full-time

The Guardian - UK

Bank of England Under Fire From Leader of the Campaign for Fair Finance

Is the Bank of England up to the job of managing the UK's monetary policy? The leader of The Campaign for Fair Finance Dr Roger Gewolb offered me his views of the UK's central bank.

International Business Times UK

‘Fleecing the man off the street’: Car dealers investigated over high interest rates

The FCA is considering opening a compensation scheme for customers after an influx of complaints

The Guardian - UK

Would you take financial advice from a Love Island star?

The Independent UK

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The Independent UK

Bank fined millions over treatment of struggling customers

The bank put around 1.5 million people at risk of greater financial harm, according to the FCA

Fortune

Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market crash

The erroneous trade prompted 711 pop-up warning messages in a single alert before it sparked a European selloff.

Evening Standard

Bank fined after trader makes $444 billion 'fat finger' error

The error, worth more than the GDP of Denmark, was partially blocked by Citigroup, but almost $200 billion worth of shares were still sent to a trading algorithm

The Guardian - UK

Love Island and Towie stars charged with promoting trading scheme on Instagram

Financial regulator charges nine people including Lauren Goodger in crackdown on ‘finfluencers’

Get all your
news in one place.

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Evening Standard

City watchdog should stick to its guns on 'name and shame' plan

City Comment: Strong regulation is good for the City, not a weakness

The Guardian - UK

City of London watchdog is making a fair point on ‘naming and shaming’

Disclosure of the identities of firms under investigation by FCA could be in the public interest

The Guardian - UK

‘Unfair banking’ and ‘damaging’ financial rules harming UK’s small firms, MPs warn

Treasury committee says ‘debanking’ and use of personal guarantees for loans is putting small businesses at risk

The Guardian - UK

Car insurance firms agree to crack down on ‘poverty premium’

UK insurers say they will aim to stop monthly payments falling hardest on those who can least afford it

Evening Standard

Monzo's 'Flex' card helps it build 20% stake in Buy Now Pay Later market, research finds

Monzo’s ‘Flex’ card has helped the London fintech build a 20% stake in the UK’s Buy Now, Pay Later market, new research has found.

Evening Standard

Neil Woodford and the firm that operated his fallen fund criticised by market watchdog

FCA says former star stock picker had a “defective … understanding of his responsibilities”

The Guardian - UK

Neil Woodford’s understanding of risk ‘defective’, FCA says

Watchdog issues warning notice to former star stockpicker over collapse of his fund in 2019

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