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The Latest Breaking News from FCA

Payment systems watchdog to be axed under move to cut ‘stranglehold’ on firms

The Payment Systems Regulator will be disbanded and merged within the Financial Conduct Authority.

Evening Standard

Staley sent client information to Epstein while at JP Morgan, tribunal told

Jes Staley is taking legal action against the Financial Conduct Authority at the Upper Tribunal in London.

Evening Standard

Martin Lewis: 'huge news' for anyone who has bought a car on finance

Martin Lewis has shared huge compensation news for anyone who has bought a car on finance

The National (Scotland)

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UK lenders face huge car loan payout bill as watchdog moves closer to compensation plan

Potential FCA scheme could mean banks proactively inform borrowers if they were mis-sold car loans

The Guardian - UK

FCA likely to consult on motor finance redress if widespread failings found

Firms would need to offer ‘appropriate compensation’ if a redress scheme is set up, the Financial Conduct Authority said.

Evening Standard

Jes Staley tells court that City regulator ‘seeks to destroy’ his reputation over Epstein ties

Ex-Barclays CEO says FCA made ‘no attempt’ to understand his relationship with child sex offender Jeffrey Epstein

The Guardian - UK

Ex-Barclays boss’ reputation ‘irretrievably damaged’ by City ban, tribunal told

Jes Staley previously said he ‘deeply regrets’ his association with Jeffrey Epstein, whom he described as being ‘professionally fairly close’ to.

Evening Standard

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Barclays chair did not ask Staley if he was in touch with Epstein before ruling it out to FCA, court hears

Nigel Higgins agrees with lawyer that some of Staley’s ‘affectionate’ emails might seem ‘odd to an Englishman’

The Guardian - UK

Barclays chairman asked ex-CEO Staley about Epstein links, tribunal told

Nigel Higgins gave evidence at the Upper Tribunal on Monday.

Evening Standard

‘Bloody awful!’: Martin Lewis hits out at crypto scams costing victims dear

Crypto cons top the list of investment frauds, with Elon Musk also among the figures used in fake ads

The Guardian - UK

Andrew Bailey was accused by Barclays chair of having ‘destroyed’ Jes Staley, court hears

Nigel Higgins asked if FCA would drop investigation into Staley’s relationship with Epstein if CEO quit

The Guardian - UK

Ex-Barclays boss had ‘close relationship’ with paedophile Jeffrey Epstein, according to Bank of England governor

The governor of the Bank of England Andrew Bailey gave evidence about Jes Staley’s relationship with Epstein

The Independent UK

Bank of England head had ‘clear impression’ that Staley was ‘close’ to Epstein

Andrew Bailey, who was chief executive of the Financial Conduct Authority from 2016 to 2020, appeared at the Upper Tribunal in London on Friday.

Evening Standard

Regulator pledges ‘swift action’ to support home ownership

Among the steps it is taking, the Financial Conduct Authority will open a public discussion on the future of the mortgage market in June.

Evening Standard

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Evening Standard

Vulnerable customers encouraged to seek support from financial services firms

The Financial Conduct Authority has highlighted examples of good practice by firms dealing with vulnerable customers and areas in need of improvement.

The Guardian - UK

Barclays chair told FCA Staley ‘had no particular relationship’ with Epstein, court hears

Nigel Higgins said to have given assurances about CEO days after child sex offender Jeffrey Epstein’s death in 2019

The Guardian - UK

Jeffrey Epstein used lobbyist to push for Jes Staley to be Barclays CEO, court told

‘Project Jes’ planned to target high-level figures including George Osborne and Mervyn King, emails suggest

Evening Standard

‘High numbers’ of motor finance commission complaints seen by ombudsman service

The Financial Ombudsman Service said it is putting steps in place to ensure it can resolve motor finance commission gripes ‘as quickly as possible’.

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news in one place.

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The Independent UK

Ex-Barclays chief described Jeffrey Epstein as one of his ‘most cherished’ friends, tribunal hears

Jes Staley insists he did not mislead the Financial Conduct Authority over his relationship with Jeffrey Epstein

Evening Standard

Ex-Barclays chief did not mislead FCA over Epstein relationship, tribunal told

Jes Staley is challenging the regulator’s previous findings.

The Guardian - UK

Jes Staley received images of ‘mature women’ from Jeffrey Epstein, court hears

Lawyers for ex-Barclays CEO challenging FCA ban argue pictures were ‘innocuous’

The Guardian - UK

Former Barclays boss gambles on courtroom battle over ties to Epstein

Next week Jes Staley will challenge his ban from the City in a case that will reveal his conversations with the disgraced financier

The Independent UK

Former Barclays chief Jes Staley heads to court to clear name from associations to Jeffrey Epstein

American banker had a relationship with the now-deceased Epstein while working at JPMorgan Chase

Motor1

Carlos Tavares Earned an Absurd Amount of Money as Stellantis CEO

Carlos Tavares suddenly abandoned the Stellantis ship in December, even though his five-year contract wasn’t set to expire until early 2026. The first and only CEO of Stellantis had held the position since 2021, when Fiat Chrysler Automobiles (FCA) and Peugeot Citroën (PSA Group) officially tied the knot, finalizing their…

Fortune

Barclays ex-CEO Jes Staley mounts fight to distance himself from Jeffrey Epstein, contesting the UK regulator banning him from running a bank

The Financial Conduct Authority fined Staley $2.2 million and banned him from senior banking roles after finding he misled regulators about his relationship with Epstein.

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