Watchdog takes aim at lawyers blaming juniors for AI blunders August 17, 2026 The legal watchdog has called out lawyers responsible for supervising junior staff when false AI-generated citations are put forward to the courts, as senior lawyers “remain accountable” for juniors. The Solicitors Regulation Authority, the legal regulator for over 200,000 English and Welsh solicitors, said in a warning notice issued on Monday that those in charge [...]
Revealed: Natwest banked company used by MFS founder to ‘siphon off’ funds August 12, 2026 Natwest provided banking services to a company allegedly used by the founder of collapsed property lender MFS to divert investors’ cash and “siphon off” funds, City AM can reveal. The bank held the day-to-day account for Twinwin, a company that was allegedly used by Market Financial Solutions founder Paresh Raja to generate fees from clients’ [...]
Claude to watermark AI ‘slop’ – including edited human writing August 11, 2026 Anthropic will begin adding invisible watermarks to text generated by Claude as part of new EU rules designed to make AI-generated content easier to identify. But the system will also mark some text originally written by humans if it has subsequently been edited or processed by Claude, potentially complicating efforts to determine whether material was [...]
The London Stock Exchange is shrinking – but Julia Hoggett is still an optimist August 11, 2026 The London Stock Exchange’s two flagship indexes are trading near all-time highs. But beneath the surface, it has been another testing year for the capital’s bourse. Boss Dame Julia Hoggett tells Ali Lyon what she is doing to disprove the doomsters. In the cavernous foyer of London’s historic stock exchange, a giant cube is flashing [...]
Revolut lands fresh banking licence after wrestling with Europe friction August 10, 2026 Revolut has been granted a new full-fat banking licence with approval from the European Central Bank following previous friction with the prudential regulator. The $75bn fintech giant – which is currently undergoing a secondary share sale expected to value it at $115bn – revealed on Monday its European arm will accelerate its continental push under [...]
Starling plans to ‘come out swinging’ in diversification bid August 6, 2026 Bernadette Smith has a spring in her step as she sits down in Starling’s headquarters to discuss her new role. The fintech’s new banking boss is buzzing with energy that she wants to pass onto customers and investors. “I want everyone to be talking about us,” she says, envisaging how she will measure success in [...]
What should sport expect from Andy Burnham and Lisa Nandy? July 21, 2026 There’s an Evertonian in Downing Street, a Toffee looking to unstick what he calls “40 years of neoliberalism”. But in doing so Andy Burnham has left his constituent buddy and long-term ally Lisa Nandy at DCMS, with the “digital” brief dropped in 2023 returning to 100 Parliament Street. Some in Westminster believe Nandy, a Wigan [...]
Questions raised over FCA’s new short-selling rules July 18, 2026 Apparent errors in the Financial Conduct Authority (FCA)’s first batch of new short-selling data have raised questions over the accuracy of information used by traders and regulators to track bets against UK-listed companies. The Financial Times first reported that the regulator’s new disclosures contained a series of apparent errors, including positions that were changed or [...]
FCA boss takes aim at motor finance lenders and claims firms July 15, 2026 The boss of the City watchdog has taken a fresh swipe at the parties opposing the regulator’s motor finance redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), told the Treasury Committee that he was “concerned about the integrity of the claims management market” and took a shot at lenders for trying [...]
FRC Chair-in-waiting grilled over holding seven other board roles July 15, 2026 MPs have raised concerns over whether the former chief executive of Virgin Money can realistically juggle her role as Chair of the Financial Reporting Council (FRC) alongside seven other board and chair positions. Dame Jayne-Anne Gadhia was named by the government on Monday as the next Chair of the accounting watchdog, set to take over [...]