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The Latest Breaking News from FCA

What exactly is the FCA investigating about Kristo Käärmann’s tax records?

And why did it take so long to act over Wise co-founder’s unpaid tax bill from 2017-18?

The Guardian - UK

How Wise co-founder went from tech darling to tax list of shame

FCA could bar Kristo Käärmann from senior role after claim he failed to pay £720,000 in tax

The Guardian - UK

City watchdog opens probe into tax affairs of Wise founder Kristo Käärmann

Company says entrepreneur “intends to cooperate fully” with the investigation.

Evening Standard

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read the most diverse news in one place.

FCA investigates Wise cofounder after tax default

Kristo Käärmann was included on HMRC’s list of deliberate tax defaulters in September 2021

The Guardian - UK

UK housing market is 'house of cards', says property expert

Average annual house prices in Britain have risen again, new ONS data shows

Birmingham Post

Martin Lewis warns buy now, pay later crackdown won't protect families from 'bleak winter'

Martin Lewis has hit out at the “painfully slow” process of regulating the buy now, pay later (BNPL) sector. The MoneySavingExpert said families face a “bleak winter” as the new measures to protect people from taking on debt they can’t afford won’t

Daily Mirror

Mortgage affordabilty tests: Bank of England abandons ‘stress test’ recommendation for mortgage approvals

The change could help some borrowers get loans but strict loan-to-income limits remain in place

Evening Standard

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Martin Lewis frustrated at slow pace of buy now, pay later rules

Government outlines two-year wait for curbs on multibillion-pound industry as consumers face ‘bleak winter’

The Guardian - UK

UK banks must be more flexible to help struggling borrowers, says City watchdog

FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis

The Guardian - UK

World's richest Bitcoin investor loses £5BILLION as cryptocurrency crashes

A mystery billionaire cryptocurrency trader with the world's biggest stack of Bitcoin has seen their fortune halved as the price of the digital currency takes a battering

Daily Mirror

Bitcoin prices crash to 18-month low - what experts think will happen next

Bitcoin prices are falling after a series of blows, and now financial professionals say cryptocurrencies could crash even further as investors stand to lose even more money

Daily Mirror

High-cost lender TFS Loans told to repay £800,000 - your rights explained

Essex-based guarantor lender TFS Loans has been given a huge fine by the Financial Conduct Authority, but customers who have lost out have to wait before getting any cash

Daily Mirror

Buy now, pay later boom ought to worry UK regulators

Increase in consumers juggling and shuffling debts calls for swift action before it is too late

The Guardian - UK

Bank of England chief economist Huw Pill says fintech will not displace cash

He said many entrepreneurs were reliant on credit cards and not equity investment to get started.

Birmingham Post

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news in one place.

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Tribune News Service

FCA pleads guilty in emissions fraud case, to pay $300M total in settlement

DETROIT — The U.S. division of Stellantis NV on Friday pleaded guilty for cheating on government emissions testing on Jeep and Ram vehicles and will pay a total of nearly $300 million in penalties and forfeitures.

Chronicle Live

Warning over pre-pay funeral plans after Safe Hands collapse

Watchdog warns families to be careful about buying plans until pre-pay funeral industry is regulated later in the year

Edinburgh Live

Couple fear they have lost £60k after investing in Edinburgh businessman

Chris Sheppard and his wife Elaine invested gave the money to businessman Michael Haston, who was once at the centre of a fraud investigation and has warnings placed on him by the FCA

The Guardian - UK

Car insurance firms use loopholes to keep costs high for loyal customers

It is banned from charging more for renewals than new deals, but the industry still has some tricks up its sleeve

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news in one place.

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Chronicle Live

Safe Hands customers warned they will lose most of their cash after firm collapsed

45,000 elderly people were told to expect only 10% of their cash back, after the pre-pay funeral company went into administration in March

The Guardian - UK

UK finance watchdog looks to relax rules to boost London listings

Changes are aimed to attract ‘high quality, growth’ firms such as biotech companies

Liverpool Echo

Five ways employers can now check up on you and they're all legal

Bosses can run different types of background check on future employees

Motor1

FCA In Settlement Talks Over Excessive Diesel Emissions

The government will not participate in the talks.

Motor1

FCA Will Plead Guilty In Emissions Fraud Probe, Pay $300M Fine: Report

The multi-year investigation focused on Ram trucks and Jeep SUVs with diesel engines.

Motor1

Fiat Chrysler Accused Of Cheating Emissions In 100,000 Diesel Vehicles

The Jeep Grand Cherokee and Ram 1500 diesels are part of the near 104,000 vehicles affected.

Wales Online

Five types of background check an employer can run on you

Different checks will give access to different types of personal information about you and your past

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