Bank of England hits Mastercard subsidiary with £12m fine Fintech A Mastercard-owned company has been fined almost £12m by the Bank of England after it failed to fully comply with a regulatory order to fix weaknesses in its risk management. Vocalink – which was acquired by Mastercard in 2017 – has been slapped with the £11.9m fine due to failing to meet directions from the [...]
Howden: Insurance giant set for US deal and £23bn stock market float – report insurance Insurance giant Howden is reportedly set for a US takeover deal which could lead to a £23.2bn stock market float, according to Sky News. The British insurance broker, founded by David Howden, anticipates finalising a £7.73bn ($10bn) takeover of American private insurance broker and risk management adviser, Risk Strategies, in the next few weeks, the [...]