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The Latest Breaking News from FCA

Bank branch closures, August 2024: full list of UK sites shutting including Lloyds, Halifax and Barclays

A host of big name banks are closing their doors for good at a number of sites around the UK in the coming weeks

Evening Standard

And So It Begins: Stellantis Offers Buyout Packages for US Employees

It's voluntary, but that could change if too few people take the package.

Motor1

Consumer duty already having ‘tangible impact’ on customer outcomes

Financial Conduct Authority boss Sheldon Mills was speaking a year after the launch of the measure to improve consumer protection standards.

The Independent UK

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Consumer duty applies to older ‘off-sale’ financial products from Wednesday

From July 31 2024, the duty applies to older products that were sold before July 31 2023 and have not been marketed or sold to new customers since.

The Independent UK

Insurance costs are soaring – so here’s how my family cut them

Tips and tricks for getting the best deals when renewing home insurance and car cover

The Guardian - UK

Leaseholders sue over ‘scandalous’ mystery insurance fees taken by freeholders and worth thousands of pounds

Leaseholders to mount High Court battle over ‘national scandal’ of hidden commissions on soaring insurance fees post-Grenfell

The Independent UK

Treasury ‘confident’ enough coins available without ordering more this year

A Treasury spokesman said there are no plans to alter the mix of coins, after doubts were cast on the future of the smallest denominations.

The Independent UK

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Future of 1p and 2p pieces in doubt after Treasury orders no new coins

Treasury expected not to place order with Royal Mint in coming years

The Guardian - UK

Banks closing branches will have to protect customers’ access to cash – watchdog

The Financial Conduct Authority said new rules will come into effect from September 18.

The Independent UK

UK banks told to treat politicians more fairly after Farage debanking row

The FCA says financial institutions should not disadvantage people running for office and their families

The Guardian - UK

Digital wallets and Big Tech put under the spotlight by regulators

A call for information has been issued by the Financial Conduct Authority and the Payment Systems Regulator.

The Independent UK

Savers ‘short-changed’ on easy access accounts that are closed to new business

Customers need to see if they are getting a ‘raw deal’, according to Moneyfactscompare.co.uk, which carried out the analysis.

The Independent UK

Reeves must go beyond FCA reforms to save London listings

City Voices: Dealmakers will pounce on UK listed companies

Evening Standard

Former reality TV stars face 2027 trial over Instagram trading scheme

Eight of nine ‘finfluencers’ plead not guilty to promoting unauthorised content to 4.5m followers

The Guardian - UK

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The Guardian - UK

London stock market rules shaken up in attempt to stop firms moving overseas

Changes will allow companies to skip shareholder votes on takeovers, which critics say risk ‘diluting the quality’ of the UK market

The Guardian - UK

Human rights group urges UK financial regulator to block Shein’s LSE flotation

Campaigners allege Uyghur people used as forced labour at some of fast-fashion retailer’s cotton suppliers in China

InsideEVs

Stellantis Could Bring Ram ProMaster City Back As An Electric Van

The Ram ProMaster City was discontinued in 2022, but it could return as an EV van based on the Citroen Ë-Jumpy.

The Guardian - UK

Celebrity Big Brother winner pleads not guilty in Instagram ‘finfluencers’ case

Love Island and Towie stars also in court accused of plugging trading scheme on social media

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news in one place.

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The Guardian - UK

Tribunal cases to rise as UK firms push back on remote working, experts say

Some employers emboldened by ruling against FCA manager’s claim over working at home full-time

International Business Times UK

Bank of England Under Fire From Leader of the Campaign for Fair Finance

Is the Bank of England up to the job of managing the UK's monetary policy? The leader of The Campaign for Fair Finance Dr Roger Gewolb offered me his views of the UK's central bank.

The Guardian - UK

‘Fleecing the man off the street’: Car dealers investigated over high interest rates

The FCA is considering opening a compensation scheme for customers after an influx of complaints

The Independent UK

Would you take financial advice from a Love Island star?

The Independent UK

Bank fined millions over treatment of struggling customers

The bank put around 1.5 million people at risk of greater financial harm, according to the FCA

Fortune

Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market crash

The erroneous trade prompted 711 pop-up warning messages in a single alert before it sparked a European selloff.

Evening Standard

Bank fined after trader makes $444 billion 'fat finger' error

The error, worth more than the GDP of Denmark, was partially blocked by Citigroup, but almost $200 billion worth of shares were still sent to a trading algorithm

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