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The Latest Breaking News from FCA

Martin Lewis issues summer holiday warning as he points out people 'don't realise'

The financial guru explained more

Nottingham Post

Martin Lewis issues warning to Brits booking their summer holidays

Money Saving Expert Martin Lewis issued some travel insurance advice to a viewer of the Martin Lewis Money Show Live after her son died ahead of a holiday to Tenerife

Daily Mirror

Allowing Silicon Valley Bank UK to fail would have caused domino effect, FCA suggests

Regulator’s chief executive, Nikhil Rathi, outlines to MPs what led to HSBC’s takeover of the bank for just £1

The Guardian - UK

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Talking Horses: Bravemansgame case puts spotlight back on owner rules

Britain’s best staying chaser can run at Punchestown this week but the saga of John Dance’s racing interests is far from over

The Guardian - UK

Bravemansgame cleared for Gold Cup rematch with Galopin Des Champs after sale approved

Cheltenham Gold Cup runner-up Bravemansgame had been barred from running at Aintree but has been declared among the six runner field for the Punchestown Gold Cup

Daily Mirror

Bravemansgame given green light to face Galopin Des Champs in Punchestown Gold Cup

English raider Bravemansgame will run at Punchestown for Paul Nicholls

Irish Mirror

Measures to reduce risk of money laundering via Post Office set out

It is estimated that hundreds of millions of pounds is laundered each year through the cash deposit channel at the Post Office.

The Independent UK

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Do your homework if you want to grab rising savings rates

Inflation has brought some good news – for savers. But the best deals may not be around for long

The Guardian - UK

All the latest East Midlands appointments and promotions

Changes at Clayton & Brewill, V Formation, Hospital Services, Redrow Homes, Nottingham and East Shilton building societies, Colton Packaging and more

Birmingham Post

Banks could be FORCED to up interest rates for savers under new rules

Banks have been slammed over the last year for their slow response in increasing their interest rates for savers alongside the Bank of England rises

Daily Mirror

Paul Nicholls hopeful Bravemansgame will run at Punchestown despite FCA ruling

Bravemansgame missed the Aintree Grand National Festival as a result of the stance taken by the FCA.

Irish Mirror

Regulator warns UK banks over miserly savings rates for loyal customers

FCA says it will consider ‘onerous interventions’ if it concludes ‘loyalty penalty harms’ not being addressed

The Guardian - UK

Woodford fund compensation for investors likely to total 77p in the pound

Takeover of frozen fund’s administrator and FCA ruling could filter extra £235m to 300,000 investors

The Guardian - UK

Woodford fund investors offered up to £235m in FCA’s redress scheme

However, the deal is conditional on the completion of a sale of Link Group’s fund solution business to Waystone Group

Evening Standard

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Birmingham Post

WANdisco faces financial watchdog investigation following potential fraud

The Yorkshire tech firm has confirmed moves by the Financial Conduct Authority to look at more than a year's worth of financial statements

Evening Standard

FCA investigates WANdisco amid fraud concerns

The UK’s finance watchdog has begun an investigation into beleaguered tech firm WANdisco amid concerns over fraud.

The Independent UK

Risks and opportunities from green mortgages highlighted by FCA boss

Green mortgages can play an increasingly significant role in helping borrowers reduce emissions from their homes, according to the FCA’s David Geale.

Tribune News Service

US Supreme Court won't hear GM's 2019 racketeering lawsuit against Fiat Chrysler

The U.S. Supreme Court has denied a request from General Motors Co. to hear its racketeering lawsuits against crosstown competitor Fiat Chrysler Automobiles, now known as Stellantis NV.

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Birmingham Post

Newcastle's WealthTek and Vertem Asset Management shut down by financial watchdog

Special administrators are now handling the group's affairs

The Independent UK

Favourite banned from Grand National meeting after owner’s ‘serious regulatory issues’

Bravemansgame was due to run in the Aintree Bowl Chase on Thursday but was forced to withdraw at the last minute

Irish Mirror

Bravemansgame not permitted to run at Aintree after Financial Conduct Authority intervention

Bravemansgame had been due to run in Thursday’s Alder Hey Aintree Bowl Chase.

The Guardian - UK

UK regulators warn influencers of risks of promoting NFTs and cryptocurrencies

‘Finfluencers’ to be asked to consult checklist before accepting deals for ‘get-rich-quick’ schemes

The Independent UK

Influencers warned of the risks of promoting ‘get rich quick’ schemes

Financial influencers should not create a sense of FOMO (fear of missing out) around products, regulators said.

The Independent UK

Black and Asian people still paying higher car insurance as watchdog accused of being ‘nowhere to be seen’

Citizens Advice reiterates concerns about 'worrying' link between ethnicity and insurance prices

The Independent UK

Worrying link between ethnicity and insurance costs persists – Citizens Advice

The Association of British Insurers said insurers never use ethnicity as a factor when setting prices and its members comply with the Equality Act.

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