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Woodford investors back call for probe into redress...
Woodford investors back call for probe into redress scheme -draft letter. FCA has urged investors to seriously consider accepting the offer after the failure of the LF Woodford Equity Income Fund. Proposal reflects breaches of rules, not losses - FCA.
Revolution Beauty swings to a profit and boosts guidance Revolution Beauty are up this year despite turmoil after FCA probe. UK sales growth of 14% in the first half driven by Boots and Superdrug revenues.
Lloyds Bank issues £10k warning to everyone using the internet Would-be crypto investors typically make an average of three payments before they realise they have been scammed. This usually means they report it to their bank around 100 days from the date of the first transaction - but by this point, the money is usually long gone. Lloyds Bank has urged people to use the FCA website to find genuine contact details for a company.
Big banks refuse to axe rip-off savings accounts - see if yours is on list of shame Which? found that most high street banks have failed to make substantial improvements to their easy access rates since the FCA read them the riot act. Only NatWest-owned Ulster Bank has been paying an above average easy access rate.
Martin Lewis issues 'giant baboons' warning and says 'worst thing you can do' ITV Money Show dedicated an hour-long episode to the spike in car insurance and home insurance on Tuesday November 7. Mr Lewis warned people not to assume their renewal prices for home and car insurance are the cheapest and to take note of how the FCA's new rules function.
Payments giant PayPal obtains crypto marketing green... PayPal is registered to offer cryptoassets "activities" in Britain, the FCA says. The crypto market in Britain is awaiting its first set of rules. PayPal first launched crypto buying and selling in 2021.
Payments giant PayPal obtains crypto marketing green light in Britain PayPal is registered to offer cryptoassets "activities" in Britain, the FCA says. The crypto market in Britain is awaiting its first set of rules. PayPal first launched crypto buying and selling in 2021.
'Dangerous' warning issued to 14 million adults in UK who use PayPal As many as 14 million adults across the UK used buy now, pay later (BNPL) payment options. 27 per cent of adults used BNPL at least once in the six months prior to January 2023. FCA said it was concerned that PayPal and QVC customers were potentially at risk of harm.
UK watchdog intervenes again in 'buy-now-pay-later' as... Companies that offer "buy-now-pay-later" unsecured loans are not regulated by the FCA. 27% of UK adults or about 14 million people, have used BNPL at least once in the six months to January 2023.
Everton's prospective new owners 777 Partners 'could pay a reduced price for the club' if they are... Everton's prospective new owners 777 Partners 'could pay a reduced price for the club' if they are deducted points for alleged breach of Premier League's financial rules. US investment firm agreed £500m deal to acquire owner Farhad Moshiri's 94.1 per cent controlling stake last month. However, the takeover is currently pending approval by the Premier League and FCA.
'Serious failings' in decision to close Nigel Farage account, review finds NatWest chairman Sir Howard Davies said'serious failings' were set out in the treatment of Nigel Farage. Law firm Travers Smith said the closure of Mr Farage's account, "was predominantly a commercial decision" The Financial Conduct Authority (FCA) said potential "regulatory breaches" were identified.
777 Partners stance as claims made Everton sale could be in jeopardy The proposed takeover of Everton by American investment firm 777 Partners has come under further scrutiny after claims emerged the company has so far failed to provide audited financial statements to a regulator. The New York Times claim that 777 Partners have yet to provide the required, and requested, audited statements to the latter of those regulatory bodies, the FCA. The report claims that if the company, which has built up a significant portfolio of distressed European football clubs over the last two years, does not provide the requested financials or an acceptable explanation, its proposed takeover could find itself in jeopardy.
Former Barclay’s CEO Jes Staley Banned From Senior Banking Roles, Fined $2M for Misrepresenting Ties to Jeffrey Epstein: UK’S Financial Regulatory Body | The Gateway Pundit | by Paul Serran Jes Staley is facing a lifetime ban from senior roles in financial services, as well as a 1.8 million pound ($2.21 million) fine by UK’s Financial Conduct Authority (FCA) The ban and the fine are for allegedly misleading the FCA over his relationship with Jeffrey Epstein. Staley said that he was ‘very disappointed’ by the decision, and that he would continue to challenge it in court. JP Morgan Chase moved to sue him, trying to make him liable for any damages they’d incur.
Barclays board under scrutiny for believing Jes Staley’s story Barclays director Jes Staley'recklessly approved' a letter sent to the FCA. The letter included the misleading claim his last contact with Epstein had been ‘well before’ joining Barclays in 2015.
UK watchdog fines Equifax £11m for 2017 cyber attack that hit 13m Brits The Financial Conduct Authority said the company failed to protect its customers during an "entirely preventable" cybersecurity breach. The hack occurred after Equifax's UK branch outsourced customer data to its US-based owner, Equifax Inc. The FCA said the attack put millions of UK consumers at risk of financial crime.
St James's Place shares slump as investors fret fee structure overhaul St James's Place shares were the FTSE 100 Index's worst performer on Friday. All firms overseen by the FCA have to abide by new Consumer Duty regulations.
Staley faces UK ban, fine for Epstein statements while... Ex-Barclays CEO Jes Staley faces a 1.8 million pound ($2.21 million) fine for allegedly misleading it over his relationship with Jeffrey Epstein. Staley said that he "very disappointed" by the FCA's decision, which he would continue to challenge. Disgraced financier Epstein killed himself in a New York jail in 2019.
Staley faces UK fine, ban for Epstein statements while... Britain's Financial Conduct Authority to fine Jes Staley 1.8 million pounds ($2.21 million) Staley also intends to ban the former Barclays CEO from holding a senior position in the financial services industry. Staley said that he "very disappointed" by the FCA's decision, which he would continue to challenge.
Ex-Barclays CEO Jes Staley fined and banned by UK regulator for Epstein ties The UK’s Financial Conduct Authority fined former Barclays CEO Jes Staley and banned him from holding a senior management role. The fine, FCA said, would amount to 1.8 million pounds ($2.2 million) Staley, who resigned from the British bank in 2021 because of the FCA's probe, is appealing the findings.
Ex-Barclays boss Jes Staley banned from City over ties to Jeffrey Epstein Barclays’ former chief executive Jes Staley has been fined £1.8m. He was forced to resign from the top job at Barclays in 2021. The Financial Conduct Authority said Mr Staley ‘recklessly approved a letter’ sent by Barclays to the FCA.
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