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The Latest Breaking News from FCA

My car was a write-off – and so was Churchill’s paltry offer

I have been battling for a like-for-like replacement rare Suzuki, but the insurer will not pay the right price

The Guardian - UK

Three years on, Football Index users are still trying to get their money back

Some customers had five- or six-figure sums trapped when it collapsed in 2021 and say the site was not regulated properly

The Guardian - UK

‘Lost its human touch’: Australians ending up in court over missed strata fees in cost-of-living crisis

Homeowners are facing legal action and bankruptcy, sometimes after just one missed payment, as strata managers increasingly use litigation as a first resort

The Guardian - AU

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Retirement advice firms ‘not even getting basics right’, says City watchdog

The FCA has called on all regulated firms offering financial advice to review their processes when providing retirement income advice

Evening Standard

Ex-police chief says he didn't report wife's stolen credit card... as thief spent less than her

Fellow peers were left struggling to work out if he was joking or not...

Evening Standard

Millions more in cash needed to fund UK’s open-banking watchdog

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers

The Guardian - UK

Car finance mis-selling is not the next PPI scandal, says UK watchdog

Financial Conduct Authority says prompt intervention should ensure wrongdoing will be dealt with efficiently

The Guardian - UK

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Bitcoin price nears $73,000 in fresh record high

Cryptocurrency rises as UK financial regulator says it will allow trading of crypto-backed securities

The Guardian - UK

MPs call for crackdown on NDAs after bullying inquiry in UK financial sector

Recommendation to ban non-disclosure agreements comes as report uncovers ‘shocking’ prevalence of sexual harassment

The Guardian - UK

FCA’s pay levels ‘could force its staff to rely on hardship fund’

Members of Unite union reject UK regulator’s offer and say it is failing to deal with salary shortfall

The Guardian - UK

U-turn and profits dip add up to tricky sell for Barclays

With rivals HSBC and Lloyds set to announce healthy earnings, it will be a tough week for the bank’s boss

The Guardian - UK

Has Crispin Odey struck gold?

It was not a great 2023 for City stalwart Crispin Odey. The former Harrow and Oxford boy was kicked out of his own business, Odey Asset Management, before the firm eventually closed down after investors yanked their cash out of it as fast as they could.

Evening Standard

Close Brothers shares plunge as it scraps dividend over City watchdog car finance probe

Close shares crashed 17% today, off 68p at 330p

Evening Standard

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

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Top News

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.

Evening Standard

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'

International Business Times UK

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.

The Guardian - 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

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Evening Standard

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

The Independent UK

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 Guardian - UK

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 Independent 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.

Evening Standard

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

The average loss per pound invested was 28p

Motor1

Dodge Sold Two Vipers In 2023

A hero also bought an Alfa Romeo 4C.

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