The Financial Conduct Authority has ordered car insurers to pay out more than £200 million in compensation to 270000 drivers after uncovering a widespread practice of undervaluing vehicles when settling
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The Financial Conduct Authority (FCA) has confirmed that cryptocurrency firms will be exempt from the key consumer protection rules found within its new Consumer Duty framework when the regulator extends
Stellantis, the automotive group behind brands such as Vauxhall and Peugeot, is preparing for a staggering £37 million financial blow amid the ongoing mis selling scandal affecting the motor loans
The Financial Conduct Authority (FCA) is poised to bring about sweeping changes to contactless payments in the UK, with proposals to allow banks and card providers to raise or even
Admiral, one of the United Kingdom’s largest motor insurers, has allocated £50 million to compensate customers who received unfair settlements for stolen or written-off vehicles. In half-year financial results released
Neil Woodford, once hailed as a top stockpicker in the UK investment sector, and his now-defunct firm Woodford Investment Management have been hit with a £46 million fine for their
The chasm between projected car finance compensation costs and current lender provisioning has drawn sharp analysis across the sector. The Financial Conduct Authority anticipates lenders may have to pay between
The UK’s car finance sector has been spared a financial earthquake after a Supreme Court judgment reduced the potential compensation bill facing lenders and dealers. The decision on a long-running
The Financial Conduct Authority (FCA) has indicated that compensation awarded to consumers in the ongoing car finance scandal is expected to be much less than the sums paid during the
Digital challenger bank Monzo has been slapped with a £21 million fine by the Financial Conduct Authority (FCA) after its verification systems allowed customers to open accounts using patently absurd
Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), recently addressed MPs regarding the potential consequences of the government’s directive to stimulate economic growth. This initiative, he explained,
The Financial Conduct Authority (FCA) has initiated an enforcement investigation into Barclays’ compliance with anti-money laundering controls, marking yet another regulatory challenge for the troubled British banking giant. The FTSE
Fresh data from the Financial Conduct Authority (FCA) suggests insider dealing could be occurring in as many as one in three takeover bids in the UK, though the overall trend
A former senior executive at budget airline Wizz Air has been slapped with a £123,500 fine by the Financial Conduct Authority (FCA) for unauthorised trading of company shares valued at
Life insurance providers have been instructed by the Financial Conduct Authority (FCA) to accelerate their bereavement claims processing after discovering major providers were taking up to four months to settle
Britain’s Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank for significant failures in its anti-money laundering systems, which left £51 billion worth of transactions unmonitored
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