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The Latest Breaking News from FCA

UK car finance: ‘millions of drivers could get payout’ as watchdog investigates

FCA to examine whether consumers have been charged inflated loan rates on new and secondhand cars

The Guardian - UK

FCA to review whether car finance customers could be owed compensation

The Financial Conduct Authority will look at historical discretionary commission arrangements in the motor finance market.

The Independent UK

London float flops: Investors have lost nearly £10bn in five years

The average loss per pound invested was 28p

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Dodge Sold Two Vipers In 2023

A hero also bought an Alfa Romeo 4C.

Motor1

Is Red Bull making a big move into pro cycling?

Austrian energy drinks brand is looking to acquire a controlling interest in Bora-Hansgrohe

Cycling Weekly

Brexit Britain Eases Company Listings in Post-Brexit Market Reform

Get your dancing shoes on as Britain unveils plans to shimmy into a post-Brexit future with a proposal to relax company listing rules. Stay tuned!

Top News

Consumers cheer as watchdogs are let off the leash

City Comment: Consumers have had a pretty tough couple of years. It is only reasonable that companies play fair

Evening Standard

Scale of bullying and harassment of women in City ‘shocks and alarms’ MPs

Cross-party Treasury committee says its private hearings suggest there has been no improvement in 20 years

The Guardian - UK

Crackdown on brokers 'double dipping' customers' cash reserves wipes millions off the sector

Shares in big three brokers hit as pension funds and investment platform warned on fees and charges

Evening Standard

FCA warns investment firms over interest earned on customers’ cash balances

The regulator is concerned that some practices may not be offering fair value to customers and may not be understood or properly disclosed.

The Independent UK

New investment labels aim to help savers spot sustainable products – but won’t always stop greenwashing

From the nutritional traffic light system displayed on a box of cereal, to the efficiency ratings we look at when buying a house, ratings and labels help us work out how to spend money responsibly. A new scheme from the UK’s financial regulator also aims to use them to help…

The Conversation

New rules to help maintain cash access set out by FCA

The FCA said its powers will not prevent bank branches from closing, but the rules will have an impact where branches are a key local source of cash.

The Independent UK

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The Independent UK

Signs of a more competitive savings market are emerging, City regulator finds

The Financial Conduct Authority said it will continue to closely monitor the savings market in 2024 to ensure that customers receive fair value.

International Business Times

Crypto.com Secures Crucial License From UK's Financial Conduct Authority (FCA)

With the authorization, the crypto exchange platform that has more than 80 million global users, can now offer UK-localized e-money products.

The Conversation

FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Independent UK

Investment advisers could be made to keep cash aside to cover bad advice

Wronged customers have been paid more than £750,000 in redress over the last six years.

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news in one place.

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inkl

Strategic Changes to CFD Trading in the UK and Australia

Discover how UK and Australian CFD traders adapt to new regulations with more intelligent risk management and strategic trading in the Forex and Crypto domains.

Evening Standard

What is money laundering? Financial Conduct Authority targeted hundreds of businesses last year

In recent years, the regulator has penalised banks for money-laundering offences in a number of high-profile cases

The Guardian - UK

Ex-minister Gavin Williamson warned as he takes job at payment card provider

Advisory committee on business appointments tells MP he must not utilise contacts in government in Lanistar role

Evening Standard

Sexism in the City: Sexual harassment still 'prevalent' in Square Mile with victims 'silenced' by use of NDAs

Equality watchdog warns about scale of sexual misconduct in the Square Mile to Commons Treasury Committee investigating 'Sexism in the City'

Zenger

UK Regulators Step Up Scrutiny Of Pound-Pegged Stablecoins

Financial authorities express concerns over stability risks and plan to regulate fiat-backed stablecoins

The Independent UK

What does the Bank of England’s latest interest rate pause mean for households?

Monthly hikes in base rate may have stalled, but the cost-of-living squeeze has not gone away

The Guardian - UK

Tories fuelling ‘greed is good’ with lift of cap on bankers’ bonuses, says TUC

As cap is lifted on Tuesday, unions claim Rishi Sunak is following Liz Truss’s footsteps

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