These tech companies have breached the most data rules this year December 3, 2023 Big tech companies have breached their fair share of data rules this year and regulators have dished out penalties. Here are the largest ones.
More than half of London’s bank branches have shut since 2015 December 1, 2023 The capital has seen 745 branches - or 58 per cent - close down in the past eight years, data from Which.co.uk revealed.
Financial watchdog to require ‘polluting’ firms to cover compensation costs November 29, 2023 Financial watchdog to require 'polluting' firms to cover compensation costs.
FCA readies fresh ‘greenwashing’ clampdown with tightened regulation November 28, 2023 The Financial Conduct Authority will force firms to prove their environmental, social and governance (ESG) claims under a fresh clampdown designed to flush out ‘greenwashing’ from the City.
City regulator could restrict short selling under proposed legislation November 23, 2023 The regulation would give the financial regulator the power to “prohibit or impose conditions” on people entering into a short sale.
City watchdog ‘is still failing’ burnt Woodford investors, MPs say November 23, 2023 The FCA "has failed, and is still failing" investors who were affected by the Woodford scandal, a group of MPs have said.
Shadowfall hedge fund turns against Darktrace November 19, 2023 The fund, led by ‘dark destroyer’ Matthew Earl, has shorted 0.52 per cent of Darktrace’s stock, worth around £12.8mn.
FCA accused of data grab by consumer credit industry November 19, 2023 The proposals could see up to 40,000 businesses hand over customers' personal data such as postcodes, income and the size of their loans.
Metro Bank added to FCA’s financial crime watchlist November 12, 2023 Metro Bank has been added to the City regulator's financial crime watchlist, the lender confirmed, posing another headache for the bank as it looks to rebuild after securing a major refinancing deal.
FCA tells wealth managers to ‘justify’ high fees in warning to sector November 8, 2023 The Financial Conduct Authority warned wealth managers yesterday that it would look to take a more “intrusive and assertive” approach to supervising the sector if they aren’t able to justify their high fees.