Finance & banking regulation news

Financial regulation

British Gas axes 500 jobs with closure of its loft and cavity wall insulation business

British Gas faces Ofgem probe over energy switching fees

Investigation triggered by customer complaints about being charged for switching despite being in the grace period.

Jul 6, 2017

By Gaurav Sharma

Mike Ashley case: Claims against tycoon are just 'drink banter', High Court told

Ashley's legal team states Jeffrey Blue's case against the Sports Direct owner is an 'opportunistic try-on'.

Jul 4, 2017

By Dan Cancian

LON:SPD

UK watchdog chides ministers, banks for not tackling online fraud

National Audit Office says government response to online fraud is not 'efficient or effective'.

Jun 30, 2017

By Karthick Arvinth

City watchdog warns banks against closing current accounts

Speech by FCA head comes after Norwich & Peterborough Building Society said it will close current accounts.

Jun 30, 2017

By Roger Baird

Tesco and Booker urge watchdog to fast-track competition probe into £3.7bn deal

CMA could bring Phase 1 of the investigation to an end 10 days ahead of schedule.

Jun 29, 2017

By Dan Cancian

LON:TSCO

FCA calls for sweeping changes in £7trn investment industry

City regulator urges asset management firms to be more transparent on costs and charges.

Jun 28, 2017

By Dan Cancian

Lloyds accused of covering 'British wolves of Wall Street' fraud for a decade

Thames Valley Police's commissioner claims Lloyds knew of banking scam as early as 2008.

Jun 26, 2017

By Dan Cancian

Most Asian stock markets slip amid North Korean nuclear test and ECB’s let-down on bond-buying

European Central Bank to launch instant money transfer network

The central bank said the system will be available to the 19 countries inside the eurozone area.

Jun 22, 2017

By Roger Baird

European Central Bank

Volkswagen's European base will be the next 'Dieselgate' litigation battleground

The German automaker's flippant handling of its emissions scandal might see it dig a deeper legal hole for itself.

Jun 22, 2017

By Martin Kenney

Investors approve Standard Life and Aberdeen Asset Management merger

Merger of market leaders would create the UK's largest asset manager

Jun 19, 2017

By Gaurav Sharma

British and Dutch drivers to slap VW with 'dieselgate' lawsuit

UK's Harcus Sinclair and the Dutch Foundation have joined forces in what is fast morphing into a pan-European lawsuit against the German automaker.

Jun 13, 2017

By Gaurav Sharma

Payday loan complaints triple despite interest charges cap

Financial Ombudsman warns of 'striking' increase in the number of complaints related to consumer credit products.

Jun 13, 2017

By Dan Cancian

Social media giants face political backlash from UK and France for not policing terror content

New counter-terrorism drive comes on the eve of talks between Theresa May and Emmanuel Macron.

Jun 12, 2017

By Ian Silvera

YouTube Facebook Twitter France Theresa May

Accounting watchdog calls off Tesco PwC probe

Financial Reporting Council says there is 'not a realistic prospect' of finding PwC guilty of misconduct.

Jun 5, 2017

By Dan Cancian

LON:TSCO

Tesco CEO Dave Lewis to appear as witness in fraud trial

Lewis has been summoned to testify in the trial involving three of Tesco's former executives.

May 31, 2017

By Dan Cancian

LON:TSCO

Fraud and election manifesto pledges – are they one and the same?

It is worth asking how big a problem is fraud and why UK political parties should focus on it in their manifestos.

May 30, 2017

By Martin Kenney

General Election 2017 Theresa May Jeremy Corbyn

Payday loan shake-up kicks in as regulator cracks down on industry

Lenders will have to advertise on at least one price comparison website.

May 26, 2017

By Dan Cancian

Mark Carney urges businesses to embrace new technology

Who is the email prankster who caught out the Bank of England boss?

Mark Carney and Barclays boss Jes Staley have both been targeted by the same prankster this month.

May 24, 2017

By Dan Cancian

Mark Carney tricked by email prankster who caught out Barclays boss

Prankster had an email exchange with Bank of England governor before posting it on Twitter.

May 23, 2017

By Dan Cancian

Stripping City of clearing houses could cost €100bn LSE boss warns

European Commission has proposed euro-denominated transactions should be cleared only in the Eurozone.

May 22, 2017

By Dan Cancian

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