All the updated news related to conduct

All the news related to conduct updated in real time

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City

FCA warns challenger banks over money laundering concerns

One of the UK’s main regulators has warned challenger banks to stop cutting corners in combating financial crime so that customers can set up accounts quickly and easily. Sarah Pritchard, who heads the market division of the City regulator, said ...

22 Apr 2022 at 12:55

Sadiq Khan pushes for ‘gross misconduct’ for officers in Child Q case

Mayor of London Sadiq Khan has called for the officers who strip searched a black schoolgirl while on her period to be charged with gross misconduct after a report found racism had a role in their decision. A safeguarding report found that the ...

17 Mar 2022 at 12:55

City

Customers vote for compensation scheme which could keep lender Amigo afloat

Borrowers who were mis-sold loans they could not afford by Amigo have thrown the struggling business a lifeline by voting for a compensation package which could allow it to continue trading. The business said that its creditors had voted for ...

13 May 2022 at 12:25

Met pledges zero-tolerance on bullying and harassment after Charing Cross probe

A senior Metropolitan Police officer has vowed to “root out” people who do not belong in the force, as he confirmed it had accepted multiple recommendations made by a watchdog following a probe into inappropriate conduct. Deputy Assistant ...

07 Apr 2022 at 19:55

City

Financial Conduct Authority plans faster response against ‘problem firms’

The Financial Conduct Authority (FCA) has announced a new strategy to shut down “problem firms” that do not meet basic regulatory standards. Bosses at the regulator said they are concerned that the cost-of-living crisis could see ...

07 Apr 2022 at 09:25

Piano-playing internet star Lennie makes 25 times his fundraising target

A 10-year-old boy with cerebral palsy and hydrocephalus who wowed the internet during the Covid lockdowns by learning scores of songs to play on the piano has closed his fundraising effort after raising more than 25 times his ...

13 May 2022 at 13:55

City

Metro Bank losses hit £245m as lender reels from fines and sanctions

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million,...

23 Feb 2022 at 11:55

Cladding: Minister orders probe into ‘crippling’ insurance costs for residents

The insurance market is not working properly for residents stuck in buildings with unsafe cladding, and many have seen their premiums double in just a year, Communities Secretary Michael Gove has said. In a letter to the ...

28 Jan 2022 at 09:25

City

High street banks ‘losing vice-like grip on UK’s current accounts’

Around one in 12 (8%) personal current accounts are now held with a digital “challenger” bank, up from just 1% in 2018, according to the City regulator. The Financial Conduct Authority (FCA) said these banks have ...

20 Jan 2022 at 15:55

City

Wise boss under investigation by City watchdog after tax breach

The billionaire co-founder and chief executive of Wise is being investigated by the City watchdog over his status as a so-called deliberate tax defaulter, the money transfer group has revealed. Wise said the ...

27 Jun 2022 at 09:17

Personal Finance

Financial watchdog urges consumers struggling with rising prices to seek help

The financial watchdog has urged struggling consumers to seek help as soon as possible after witnessing an increase in people worried about money due to the rising cost of living. The Financial Conduct ...

06 Jul 2022 at 01:01

Personal Finance

Pre-paid funeral plan providers held to new FCA standards from Friday

Pre-paid funeral plan providers will be held to new high standards when they come under Financial Conduct Authority (FCA) regulation and supervision from Friday. All authorised funeral plan providers ...

28 Jul 2022 at 16:06

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