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The pandemic has produced some of the fastest turnarounds in history. Pharma companies Pfizer and Astrazeneca reduced the vaccine development cycle from a decade to less than a year. And City traders quickly learned that it wasn’t necessary to be in Canary Wharf to drive markets to commanding heights. Commercial transformation to digital has been … Read more
The City watchdog is facing a furious backlash over its handling of the Neil Woodford savings scandal. As the disgraced fund manager prepares to make an audacious comeback, the Financial Conduct Authority (FCA) has been accused of ‘dragging its feet’ over its investigation into the implosion of his investment empire. And campaigners, MPs and peers … Read more
Of all the many cluster bombs left behind when Andrew Bailey left the Financial Conduct Authority (FCA) for the Bank of England a year ago, the most dangerous was the closure of Neil Woodford’s investment empire. The decision left up to 500,000 savers exposed to an estimated half-a-billion pounds of losses. It is aggravating and … Read more
Millions of Britons in need of debt advice due to the coronavirus pandemic could be pushed into unsuitable debt solutions by companies seeking to profit from commission, regulators have warned. Britain’s ‘individual voluntary arrangement market is broken’, the Financial Conduct Authority said in a 68-page review into the state of Britain’s credit and debt landscape … Read more
Watchdog warns on market abuse and high-risk trading as GameStop fever hits Britain: FCA sounds the alarm on the Reddit vs hedge funds fight GameStop saga continued yesterday, as trading app RobinHood stopped buys Traders piling into shorted stocks have also picked up on beaten-up UK shares FCA said personal investors should take care in … Read more
FCA calls on banks to rethink plans to shut at least 300 branches by the end of 2021 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 January 2021 | Updated: 21:50 GMT, 28 January 2021 The FCA said it was concerned that closing bank branches at this time could have ‘significant consequences’ … Read more
The failings of City watchdogs is not a tremendously festive subject, but it is an important one. Andrew Bailey, the Governor of the Bank of England, has been in the firing line over the collapse of a firm called London & Capital Finance, which went under while he was chief executive of the Financial Conduct … Read more
JEFF PRESTRIDGE: City’s regulator Financial Conduct Authority has let down ALL investors – now heads must roll By Jeff Prestridge for The Mail on Sunday Published: 21:51 GMT, 19 December 2020 | Updated: 22:23 GMT, 19 December 2020 Surely, it is time for the Government to launch a review into the workings of the City’s … Read more
FCA takes down Lanistar warning notice after the fintech firm pledges to make clear debit card marketed by influencers won’t launch until January Lanistar launched a viral marketing campaign last week to drum up interest It claimed its debit card would be the ‘world’s most secure’ The FCA warned last Wednesday it was operating without … Read more
FCA under pressure to publish review into its handling of the London Capital & Finance savings scandal By Lucy White For The Daily Mail Published: 22:20 GMT, 24 November 2020 | Updated: 22:20 GMT, 24 November 2020 The City watchdog is under pressure to publish a long-awaited review into its handling of the London Capital … Read more