The Latest Breaking News from FCA

Banks recognise savers need more help accessing best rates, says City regulator

The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers.

The Independent UK · Jul 6, 2023

UK banks urged to ‘accelerate’ savings rates by financial regulator

FCA tells NatWest, Lloyds, HSBC and Barclays to act more quickly to support consumers after profiteering claims

The Guardian - UK · Jul 6, 2023

FTSE 100 hits lowest closing level of 2023 as interest rate rise fears grip markets – business live

FTSE 100 index posts biggest one-day fall since March, as strong US jobs report fuels fears of even higher US interest rates

The Guardian - UK · Jul 6, 2023

Banks set for meeting with financial regulator over ‘profiteering’ claims

High street banks will meet the Financial Conduct Authority over concerns high interest rates are not being passed on to to savers.

The Independent UK · Jul 4, 2023

Watchdog summons UK bank bosses to discuss weak savings rates

Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings market

The Guardian - UK · Jul 4, 2023

MPs accuse banks of ‘blatant profiteering’ as savings rates remain low

Commons Treasury committee writes to four largest banks, saying they risk falling foul of incoming City rules

The Guardian - UK · Jul 3, 2023

Insurers warned about support provided to struggling customers

The Financial Conduct Authority said it has found too many examples of customers not getting the service they are entitled to.

The Independent UK · Jul 3, 2023

Almost 13 million adults now struggling to pay bills, debt charity warns

Cost of living crisis and rising interest rates forcing more people to become ‘trapped in poverty’

The Guardian - UK · Jul 2, 2023

Direct Line ordered to review five years of car claims after underpayments

Insurer told to reassess vehicle write-offs to identify any unfair settlements

The Guardian - UK · Jul 1, 2023

Newcastle superclub and pub The Lofts and The Hustle closed with £7m deficit, documents show

The venues closed after becoming involved in an ongoing FCA investigation into a separate business owned by company director John Dance

Birmingham Post · Jun 30, 2023