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The Latest Breaking News from FCA

Jes Staley stayed ‘in contact with Jeffrey Epstein’ long after joining Barclays

Legal documents said to suggest former bank CEO and child sex offender used third person to communicate

The Guardian - UK

Stellantis Denies Merger Speculation with Renault

Stellantis rejects rumors of a potential merger with Renault, denying any plans for such a collaboration in the automotive industry.

Top News

Labour makes surprise 25% corporation tax pledge in new City charm offensive

Party also vows to get more women into boardrooms, saying financial services can't thrive by 'ignoring the talents of half of the workforce'

Evening Standard

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

Britain Crypto Renaissance: How will UK market evolve and grow in 2024 With the New FCA Rules?

The new FCA rules coming into full effect on January 8 will create a more civilised and stable environment in the UK for crypto firms and traders.

International Business Times UK

‘The key thing is to have a plan’: the former City watchdog now helping to guide Keir Starmer

Charles Randell, ex-chair of the Financial Conduct Authority, cut his teeth helping the Treasury fight the financial crisis and is now a Labour election policy adviser

The Guardian - UK

Martin Lewis and FCA claims people who bought a car on motor finance before 2021 could be owed money

Martin Lewis has said this could be 'the new PPI', with compensation possibly in the billions

Evening Standard

Martin Lewis urges drivers to claim payout that ‘millions’ could be owed

Money expert Martin Lewis warned this could lead to a ‘PPI-type’ scandal as ‘millions’ of drivers could be owed financial compensation

The Independent UK

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Car finance: what is the FCA looking into and will people get money back?

UK watchdog is investigating personal contract purchase (PCP) plans after two cases were found to have been unfair

The Guardian - UK

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

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

Unfair Redress Scheme Roils Woodford Investors

Woodford investors reveal scuffled feathers and raging hearts in their response to FCA's backed redress scheme, painting it as grossly unfair. Dive in!

Evening Standard

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

The Guardian - UK

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

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Evening Standard

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

The Independent UK

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 Conversation

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 Independent UK

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

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.

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