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The Latest Breaking News from FCA

Cruel screen-sharing scam cost victim £48,000 - how to avoid making same mistake

The Financial Conduct Authority (FCA) says more than £25 million has been lost since January 2021

Chronicle Live

Klarna shoppers warned as payment history to be reported to credit agencies

Starting from June 1, buy now, pay later company Klarna will begin reporting UK shopper debts to credit agencies for the first time — which could be bad news for those who miss payments

Glasgow Live

Millions of home workers warned over screen-sharing scam that could access bank accounts

The surge in the cyber attack comes as more people rely on video-conferencing and remote platforms for work - as well as online socialising through platforms such as Zoom

Daily Mirror

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Urgent screen sharing scam warning to Scots issued as online meetings targeted

People in Scotland have been issued an urgent warning about a scam which sees criminals take over their devices, thereby giving them access to personal information

Edinburgh Live

Tech & Science Daily: The huge surge in screen sharing scams

Tech & Science Daily spoke to Mark Steward, Executive Director of Enforcement at the FCA

Evening Standard

Criminals using 'screen-share requests' to scam people as Scots urged to be vigilant

The FCA warns Scots to remain scam aware as fraudsters ask for access to computers to see online banking details

Daily Record

Hartley Pensions hires new CEO to oversee Bristol jobs creation

The business said it had held ‘positive dialogue’ with the FCA on its current ‘no new business’ restriction

Birmingham Post

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Motor insurance prices drop to their lowest levels in more than six years

A shake-up of insurance pricing in January ended a ‘loyalty premium’ paid by existing customers.

Daily Record

Three questions you must ask to avoid screen sharing scam as victim loses £48,000

Those working from home could be most at risk as cases continue to rise

Liverpool Echo

Warning on one thing you should never do as scammers take £48,000

The simple IT request has become familiar to many of us working from home

Wales Online

Motor insurance price falls to lowest level since 2015

The average price for new policies has increased but renewals have decreased after an insurance shake-up earlier this year.

The Independent UK

9 finance and legal solutions to make life easier

We round up products and services to help you make the most of your money

The Independent UK

Staff at financial regulator take to picket line for the first time

Around 120 workers will strike on Wednesday and Thursday

Insider UK

Klarna to report product use and missed payments to UK credit reference agencies

Klarna said it will protect customers and provide the industry with greater visibility of BNPL use, helping to improve affordability assessments.

The Independent UK

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Birmingham Post

McColl’s shares to be suspended as auditors cannot sign off accounts

Shares in the convenience store business will be suspended from June 1

InsideEVs

Stellantis Will Produce Electric Cars In Serbia

Stellantis announced a €190 million ($200 million) investment to produce electric cars at its plant in Kragujevac, Serbia.

Evening Standard

How to buy Bitcoin (BTC)

Bitcoin - the largest and best-known cryptocurrency - was born from a rising distrust of government and financial institutions after the global financial crisis of 2008.

Evening Standard

How to buy Ethereum

Launched in 2015, Ether is the second-largest global cryptocurrency by volume behind Bitcoin. It can be traded as an investment (ticker: ETH), and is the native currency of the Ethereum software platform.

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The Independent UK

‘Ludicrous, laughable’: Everywhere Babies author reveals her shock after picture book is targeted for ban in Florida

Susan Meyers was ‘shocked’ when she heard her beloved children’s book had fallen victim to the Sunshine State’s latest book ban, she tells Josh Marcus

Evening Standard

City watchdog warns of cyber crime risk for new banks

Six of the top UK “challenger” banks have weak financial controls that leave them at risk of being victims of money laundering, terrorist financing, fraud and cyber-crime, the top City watchdog warned today.

Birmingham Post

Listed firms told to appoint more women to their boards or explain why not

The rules are set to come into force this time next year

Daily Mirror

P&O workers losing their jobs warned of risk that could wipe out pension pots

Hundreds of P&O Ferries workers laid off last month are in danger of switching their retirement funds into less generous alternatives, financial experts are warning

The Guardian - UK

Cryptocurrency firm linked to Philip Hammond still lacks UK approval

Former chancellor’s hopes of $15m windfall from stake in Copper Technologies at risk

Daily Record

British Steel pension savers could see retirement income boosted from share of £71m compensation

Payments are expected to start from the end of 2023.

Evening Standard

Amigo Loans rescue moves step closer as FCA says it won’t oppose new plan

Amigo Loans had previously said that it risked insolvency if it paid out more than 10p in the pound

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