Revolut set to take on Hargreaves Lansdown after winning trading licence November 18, 2024 Revolut is set to allow customers to buy UK-listed stocks on its platform from next year after winning a trading licence from the City watchdog. In an announcement today, Europe’s most valuable fintech said it had been authorised by the Financial Conduct Authority to allow UK customers to trade British and EU-listed stocks and exchange-traded [...]
FCA bans director who stabbed man twice and concealed he was in jail November 18, 2024 A company director has been banned from working in financial services after stabbing a man twice in the neck and failing to notify the regulator of his conviction. Ari Harris was reprimanded by the Financial Conduct Authority today after his conviction following the incident in July 2020. He was found guilty of inflicting grievous bodily [...]
City regulators look to ‘modernise’ redress payouts after slew of scandals November 15, 2024 The Financial Ombudsman Service and the City watchdog are seeking to modernise the redress framework with a 'call for imput' from stakeholders
FCA to reshape ‘name and shame’ policy following City backlash November 13, 2024 The Financial Conduct Authority will “fundamentally reshape” its controversial 'name and shame' policy following backlash from the City.
UK banks could limit buybacks as car loan scandal grows November 13, 2024 Some UK banks could be forced to reduce upcoming investor payouts, analysts have warned, as the Financial Conduct Authority mulls whether to expand a probe into now-banned car loan deals.
Motor finance: City watchdog considers deadline extension November 13, 2024 The Financial Conduct Authority (FCA) said firms are likely to receive a "high volume" of complaints following the Court of Appeal's judgement last month.
After fining Metro Bank and Starling, which challenger bank will the FCA target next? November 13, 2024 The Financial Conduct Authority has signalled that it is ready to take a hard line against challenger banks for financial crime failings after dishing out hefty fines to young lenders.
Rachel Reeves needs to get real with the fact that we have become too cautious November 13, 2024 Before the election, Rachel Reeves said she would “unashamedly champion” financial services “as one of the UK’s greatest assets”. This was music to the ears of our sector and the early signs in government have been positive. The question now is: what will this mean in practice? What is the Chancellor’s vision for financial services [...]
Motor finance: Court blocks Close Brothers pathway to Supreme Court November 12, 2024 After a landmark ruling last month in the motor finance test case, a court has hit Close Brother with yet another blow
Fewer than half of FCA staff happy with pay amid allure of private sector November 12, 2024 Less than half of staff at the UK's financial regulator are happy with their pay, a survey has suggested, despite efforts to fend off the allure of private sector jobs.