Rachel Reeves, the UK’s Chancellor of the Exchequer, has endorsed proposals from the Financial Conduct Authority (FCA) to examine ways of permitting banks to take greater risks in mortgage lending,
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A nine-year directorship ban has been imposed on Neville Taylor, 57, who stands accused of systematically undermining the UK’s insolvency system by aiding struggling business owners in debt evasion. Taylor,
UK residents declaring underpaid tax on overseas assets have risen dramatically by 22% in the past year, according to fresh data from HM Revenue & Customs (HMRC). The tax authority
The meteoric rise of British digital challenger bank Starling has encountered significant headwinds, following a £29m fine from financial regulators over what they described as “shockingly lax” financial crime controls.
British financial regulators are poised to implement unprecedented oversight of technology firms providing essential services to UK banks, addressing mounting concerns over potential cyber-attacks and system failures that could destabilise
The Financial Conduct Authority (FCA) has unveiled groundbreaking plans for a new trading platform that will enable private companies to sell shares to institutional and professional investors without adhering to
A US appeals court has delivered a significant blow to corporate diversity initiatives by striking down Nasdaq’s rules aimed at boosting the representation of women and ethnic minorities on company
Swedish financial technology giant Klarna has been slapped with a substantial £36 million fine by Sweden’s financial watchdog for failing to comply with anti-money laundering regulations. The Swedish Financial Supervisory
British banks witnessed a significant share price surge after the Supreme Court granted permission to hear an appeal concerning car loan misselling claims, potentially worth billions of pounds in compensation.
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
The Bank of England has raised significant concerns about hedge funds’ growing influence in the UK government debt market, highlighting potential systemic risks to financial stability. Deputy Governor Dave Ramsden
The chief executive of Lloyds Bank has warned that a recent legal ruling concerning car financing agreements has created significant investment uncertainty within the consumer finance sector. Charlie Nunn expressed
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
In a significant move towards addressing gambling-related harm, the British Labour government is preparing to implement a mandatory £100 million annual levy on gambling companies. The initiative, expected to be
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 car finance industry faces unprecedented turmoil following a landmark Court of Appeal ruling that could trigger massive compensation payouts to consumers. The Financial Conduct Authority’s chief executive, Nikhil Rathi,
