Sexism in the City ‘will never end’, says Helena Morrissey October 27, 2024 Sexism in UK financial services "will never end", City veteran and Tory peer Helena Morrissey has said, while poking holes in last week's bombshell FCA report on a survey of more than 1,000 firms.
Shares drop at Close Brothers as court sides with consumers in motor finance claims October 25, 2024 In a landmark decision in the motor finance test case, a court has resoundingly sided with consumers against the banks and lenders, including Close Brothers
Bullying and harassment cases rise at City firms, FCA finds October 25, 2024 There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.
Crispin Odey rejoins eponymous hedge fund October 24, 2024 Former hedge fund manager Crispin Odey has rejoined the company he left last year following sexual assault allegations against him. Odey Asset Management, named after the eponymous founder, was wracked with scandal last year after a Financial Times investigation revealed more than a dozen women had accused the manager of sexual assault. While there had [...]
As many as 20 finfluencers targeted in crackdown October 22, 2024 The Financial Conduct Authority is interviewing 20 ‘influencers’ under caution as it ramps up its scrutiny of those touting financial services products on social media. While the FCA was unable to name those targeted for an interview, it came after the regulator targeted a host of Love Island stars earlier this year for running unauthorised financial promotions. [...]
Volkswagen Finance fined by FCA for unfairly treating vulnerable customers October 21, 2024 The City regulator has fined Volkswagen's UK financial services arm £5.4m for its unfair treatment of customers in financial difficulty, which it said may have caused them harm.
The Notebook: Will workplaces start monitoring your Linkedin profile? October 21, 2024 Finance chiefs have chosen to leave Linkedin use unmonitored for decades, but could that be about to change?
FCA to review UK premium finance market amid price hike concerns October 16, 2024 The UK's financial regulator is to review Britain's premium finance market amid worries that consumers who borrow to pay for insurance may not be getting fair or competitive deals.
S&U: City regulator lifts collection restrictions on motor finance lender October 14, 2024 Specialist lender S&U said the City regulator agreed to remove collection process restrictions on its motor finance business after blaming the measures for a slide in profit this year.
London’s FTSE 100 is ‘substantially concentrated’ as regulator frets over volatility risk October 10, 2024 The UK stock market is “substantially more concentrated” than Europe or even the US, analysts have warned, as regulators fret over the clustering of the biggest British stocks on London’s FTSE 100. In a speech earlier this week, Financial Conduct Authority chief executive Nikhil Rathi warned that market concentration was leading to a “sharp rise [...]