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The Latest Breaking News from FCA

Arm’s move to New York is a bitter pill to swallow -- London must learn a vital lesson

Russ Shaw, founder of Tech London Advocates, explains why the odds were never really in the City’s favour

Evening Standard

Proposals to reimburse scam victims are half-baked, says Treasury Committee

Treasury Committee chair Harriett Baldwin said regulators need to sort out exclusions and criteria quickly.

The Independent UK

Klarna joins Laybuy and Clearpay in charging a fee to late payers

New £5 charge from March 16 will reduce the likelihood of borrowers falling behind, according to Klarna boss

Chronicle Live

From analysis to the latest developments in health,
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Martin Lewis urges UK Government to set free nearly 200,000 people trapped in high rate mortgages

Some mortgage prisoners have been stuck on high rates since the 2008 financial crisis.

Daily Record

UK government made £2.4bn from ‘mortgage prisoner’ loan sales, says Martin Lewis

Tens of thousands of borrowers had their loans sold on to providers at which they were unable to switch

The Guardian - UK

Climate campaigners sue BNP Paribas over fossil fuel finance

Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank

The Guardian - UK

Charity slams insurers for refusing to cover losses suffered during lockdown

'The insurers seem to be saying we should have carried on regardless'

Daily Mirror

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New buy now pay later regulations will be a wake-up call for lenders

City Comment: Some consumers don’t understand the potential dangerous implications of entering into multiple BNPL agreements

Evening Standard

Research and ‘gut instincts’ helping investors to thwart scammers, survey finds

FCA data suggests £2 million was saved in 2022 by investors who spotted the warning signs and reported to them to the regulator.

The Independent UK

Cost of living: How to improve your household finances by end of the month

A few ways to keep on top of your budget every month if you are struggling with the cost of living

Belfast Live

Revolut: can the chancellor’s fintech favourite fix its image problem?

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

The Guardian - UK

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

The Guardian - UK

Buy-now pay-later firms to face clampdown under new rules in the pipeline

Government criticised for the time taken to bring legislation to the table amid concerns over more people getting into debt

Chronicle Live

Crackdown on illegal crypto currency ATM operators in Leeds

The Financial Conduct Authority has previously warned operators of UK crypto ATMs to shut down or face enforcement action

Birmingham Post

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Wales Online

Pension firm underpaid members for a decade in 'terrible' breach

Exclusive: Former employees of Cardiff-based Allied Steel and Wire (ASW) will be paid the money owed with interest, says pension provider Wesleyan

Evening Standard

Former Barclays boss Jes Staley gets £2.3m pay-off, fight with FCA over Epstein continues

Barclays profits slide on investment bank and litigation woes

The Guardian - UK

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies

Evening Standard

“Awful… ineptitude” — what went wrong with the Mayor’s solar power scheme?

The Solar Together scheme was meant to kickstart the capital’s switch to solar power but instead has been beset by delays, leaving many out of pocket and trying to escape the situation. By Anthony France

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Chronicle Live

Changes to IVA debt rules could save people thousands in fees

Firms to be banned from receiving referral fees under new proposals amid concerns that customers are receiving poor advice

The Guardian - UK

Scams: FCA blocks more than 10,000 ads from Instagram, Facebook and YouTube

Financial watchdog warns over rise of ‘fin-fluencers’ targeting younger people on social media

Evening Standard

FCA cracks down on ‘fin-fluencers’ posting illegal investing advice

Number of ads banned by markets watchdog skyrockets to 8,852 in 2022

Daily Mirror

Brits struggling with debt could save thousands in 'unfair' fees thanks to new rules

Consumers who enter a debt solution which is not right for them can face dire consequences and could force them to stay in debt for much longer

The Independent UK

FCA must increase staff pay or it risks failing public, Unite says

The Financial Conduct Authority is being pushed towards ‘breaking point’ because of the number of staff leaving the business, Unite said.

Tribune News Service

US Virgin Islands seeks Epstein documents from Barclays

The U.S. Virgin Islands asked a U.S. court to order Barclays Plc to turn over documents related to the relationship its former chief executive officer Jes Staley had with sex-offender Jeffrey Epstein.

The Guardian - UK

TSB staff and bosses to share £29.8m bonus pot after record profits

Bank hails successful turnaround from IT meltdown in 2018 with profits up 16.5% to £182.5m

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