Lloyds Banking Group has stated that it does not currently anticipate requiring any adjustments to its provisions for the motor finance compensation scheme following the publication of final guidance by
All posts tagged in Financial Regulation
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The Bank of London Group Limited, a start-up banking institution whose board once included Lord Mandelson, has been fined £2 million by the Prudential Regulation Authority for misleading the banking
The chief executive of Moneysupermarket, Peter Duffy, has asserted that artificial intelligence will serve as a net gain for the company, despite investor concerns regarding potential disruptions within the price
The mounting scandal over mis-sold car loans has compelled Santander UK to raise the amount it has allocated for potential compensation to motorists, now exceeding £460 million. Initially, the bank
A coalition of auditors and shareholder representatives has issued a stern warning to the government regarding the scrapping of the audit reform bill. The decision has raised concerns about the
The Serious Fraud Office has announced charges against Richard Wells and Neil Debenham in relation to the investigation into suspected fraud at Safe Hands Plans, a pre-paid funeral company that
JP Morgan Chase has issued a warning that President Trump’s proposal to implement a ten per cent cap on credit card interest rates could significantly disrupt the business model of
Michael Platt’s BlueCrest Capital Management has delivered substantial returns to its investors, posting a 73 percent gain during 2025. The Preston-born billionaire’s private investment firm capitalised on market turbulence triggered
Banking heavyweight JP Morgan has secured a significant legal victory in a sex discrimination tribunal, successfully defending itself against claims brought by female analyst Saidya Najeeb. The analyst had alleged
The Financial Conduct Authority has initiated an enforcement investigation into The Claims Protection Agency Limited, a Manchester-based claims management firm, over concerns regarding its marketing practices during the unfolding motor
The year ahead is set to be momentous for initial public offerings, with expectations that household names such as OpenAI could be valued as high as $1 trillion when they
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
Three of Britain’s leading banks, Lloyds, NatWest, and HSBC, are facing sharp criticism following revelations that they leaned on a discredited study to inform decisions related to climate risk and
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
Ministers are under pressure to address a loophole that could see UK banks and specialist lenders avoid paying £2 billion in tax on compensation payouts linked to a major car
The Bank of England has announced a significant easing of capital requirements for the United Kingdom’s high street banks, marking the first relaxation of these rules since the 2008 global
