The Financial Conduct Authority has taken decisive action against Axa Partners UK, prohibiting the addition of new customers or corporate partnerships without written approval. This measure follows concerns over the
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The Financial Conduct Authority has announced a landmark shift in the regulation of contactless card payments in the United Kingdom. From 19 March 2026, the long-standing £100 cap on contactless
First-time buyers, self-employed workers and older borrowers are expected to find it easier to access the property market as the Financial Conduct Authority outlines a significant overhaul of mortgage rules.
Nationwide has been fined £44 million by the Financial Conduct Authority for serious flaws in its financial crime controls. The enforcement, announced on December 12 2025, highlights significant shortcomings at
The Financial Conduct Authority is proposing sweeping changes to regulations for investors taking short positions against UK listed companies. Under the new rules, individual investors who hold net short positions
The chief executive of the Financial Conduct Authority, Nikhil Rathi, is embarking on a mission to Detroit this week to secure backing for the regulator’s controversial £11 billion consumer compensation
Lloyds Bank has stated it will contest the Financial Conduct Authority’s (FCA) expansive plans for an £11bn car finance compensation scheme, after the mounting cost of the scandal significantly hit
Tens of millions of pounds have been lost by unsuspecting investors following the collapse of the 79th Group, now suspected to be one of the largest Ponzi schemes in British
BlackRock, the world’s largest asset manager, is set to launch its inaugural bitcoin exchange traded product in Britain this Monday. This move will enable sophisticated retail investors in the UK
The Financial Conduct Authority (FCA) is facing sharp scrutiny from the House of Lords over its proposed £11 billion compensation scheme for mis-sold motor finance. Senior FCA executives, including chief
Executives at BMW are seeking a meeting with Chancellor Rachel Reeves amid mounting controversy over the car loan mis selling scandal and the sweeping compensation programme proposed by the Financial
The collapse of First Brands and Tricolor in the United States has placed the private assets sector under the microscope, with Britain’s Financial Conduct Authority now closely monitoring the repercussions.
The ongoing fallout from the UK motor finance scandal is placing severe financial strain on Lloyds Banking Group and Close Brothers, with both lenders announcing that compensation costs will materially
Britain’s largest banks have seen their valuations soar by over £5bn after the Financial Conduct Authority (FCA) unveiled a smaller than anticipated car finance compensation pot. Shares in Close Brothers
UK regulators are intensifying their efforts to protect consumers amid a surge of claims management companies and law firms seeking a slice of billions in car finance compensation. Recent actions
The Financial Conduct Authority (FCA) has made a significant move to ease recently introduced consumer regulations after pressure from Chancellor Rachel Reeves to cut back on burdensome red tape. The
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