FCA slashes banks’ motor finance payouts as compensation scheme finalised March 30, 2026 City banks are set to face a more than £9bn motor finance bill after the UK’s financial watchdog laid out plans for its long-awaited motor finance redress scheme in a major U-turn after months of backlash. The Financial Conduct Authority (FCA) revealed the details of its industry-wide redress scheme for the car mis-selling saga on [...]
London and New York in tight race to be world’s top financial hub March 26, 2026 London and New York are locked in a tight-race in the fight to become the world’s most dominant financial hub. The latest Global Financial Centre’s Index from Z/Yen showed both cities retained their respective spots in new rankings, with each of their scores inching up by a singular point. New York topped the list at [...]
Regulation isn’t cost-free and not every problem can be fixed with a new rule March 24, 2026 Politicians all too often reach for the regulation lever because “something must be done” – it could be costing businesses £70bn a year, says Cory Berman As of this September, all new building applications over 18 metres must include a second staircase. The rule was introduced after the horrific Grenfell Tower tragedy, to improve building [...]