Financial Conduct Authority

Bank of Ireland investors fear UK car finance cost will dwarf tracker scandal

Landmark court of appeal ruling piles pressure on UK regulator to impose large compensation scheme on lenders

Sat Nov 02 2024 - 06:01

Bank of Ireland pauses new UK car finance offers after shock industry ruling

Bank’s UK car finance arm Northridge Finance pauses new lending ‘for a short period’ following court of appeals ruling relating to existence and size of commissions

Fri Nov 01 2024 - 05:56

Bank of Ireland shares slide on concerns over rates and UK car finance investigation

The bank said that it will pay an interim dividend of 35c to shareholders next week

Wed Oct 30 2024 - 07:46

Fintechs must beware of growth at any cost

Monzo’s valuation pop comes days after damning FCA report into Starling Bank

Sat Oct 12 2024 - 07:00

Hubristic Neil Woodford was the orchestrator of his own downfall

The fallen fund manager seemingly thought he was right about Brexit and almost every mainstream economist was wrong

Sun Jun 02 2024 - 06:00

Monzo secures $5bn valuation as it prepares return to US

London-based digital bank raises $430mn from investors including CapitalG and HongShan

Tue Mar 05 2024 - 15:11

Ex-Barclays chief Jes Staley banned for misleading watchdog over Epstein

Decision could cost banker €22.7m as lender says former boss must now forfeit £17.8m in deferred pay and bonuses on top of £1.8m fine by regulator

Thu Oct 12 2023 - 14:06

Metro Bank agrees €1bn financing package with investors

Challenger bank announces a £325m capital raise and £600m of debt refinancing

Mon Oct 09 2023 - 07:32

UK watchdog imposes restrictions on Odey Fund movements

FCA’s move is attempt to restore order after removal of fund’s founder

Mon Jun 19 2023 - 13:04

Central Bank silent on Odey Asset Management turmoil

Company’s Dublin business has been authorised by the Central Bank since 2011

Sat Jun 10 2023 - 08:15

Metro Bank fined €11.6m for misleading investors on risk levels

Former chief executive and chief financial officer appealing financial penalties over incident

Mon Dec 12 2022 - 15:22

Santander hit with €125m UK fine for lax money-laundering controls

Lapses affected the way lender dealt with 560,000 business customers over a period of five years, says regulator

Fri Dec 09 2022 - 10:58

Central Bank tells Irish-listed LDI funds to bolster resilience

LDIs, used by UK pension funds to cover cashflow, came under severe pressure in September

Wed Nov 30 2022 - 17:18

This time it’s personal: Government hopes banker accountability Bill will end culture of impunity

Incoming rules to make it easier for regulators to go after individual bankers are sure to revive debate on pay

Fri Jul 15 2022 - 05:16

Credit Suisse added to UK regulator’s watch list on risk concerns

Bank of Ireland departing chief executive Francesca McDonagh joining bank as head of European operations

Mon Jun 13 2022 - 17:45

What's the point in being loyal to your insurer?

Despite new rules, policies will remain cheapest for those who shop around

Tue Mar 29 2022 - 05:10

Winklevoss twins secure Irish e-money licence for Gemini Payments

Identical twins are best known for suing Facebook founder Mark Zuckerberg

Mon Mar 21 2022 - 05:08

London Stock Exchange suspends 27 companies with Russian ties

Western financial system further constrains flow of financing after Ukraine invasion

Thu Mar 03 2022 - 13:44

UK regulator says Floki Inu breached advertising standards

Crypto token ads on London’s transport network ‘exploited consumers’ fears of missing out

Wed Mar 02 2022 - 10:55

Metro Bank’s annual loss narrows but lender remains cautious

Bank has set aside £5.3m to resolve investigation by financial regulator

Wed Feb 23 2022 - 11:26

Britain dismisses talk of dumbing down financial rules after Brexit

Plans would force regulators to take into account financial sector’s global competitiveness when writing rules

Tue Feb 08 2022 - 12:39

UK financial regulators to step up scrutiny of cloud computing giants

The Prudential Regulation Authority is concerned at risk of disruption to banks if cloud services fail or are hacked

Mon Jan 10 2022 - 13:07

Starling tells Facebook to get rid of fraudsters if it wants bank’s ads

Challenger bank has boycotted Meta Platforms since last month

Thu Jan 06 2022 - 20:09

HSBC fined almost £64m for anti-money laundering failings

Bank did not dispute findings including inadequate monitoring of terrorist financing

Fri Dec 17 2021 - 07:51

Noel and Valerie Moran finally see light at the end of tunnel in wake of PFS adversity

‘I only found out about it when I saw it in the newspaper. It obviously came as a huge shock’

Fri Dec 03 2021 - 15:01

Amigo Loans faces collapse if it fails to resolve dispute

Subprime lender has struggled to reach deal on compensation for historic mis-selling

Mon Nov 29 2021 - 17:23

‘Meme coin’ Floki Inu’s marketing blitz investigated by UK ad watchdog

Ads display slogan: ‘Missed Doge? Get Floki’

Thu Nov 18 2021 - 11:40

RSA Ireland sees Covid business interruption claims running to €46m

Dundrum-based company, led by Kevin Thompson, recorded €12.6m loss in 2020

Tue Nov 16 2021 - 05:13

Barclays CEO Staley leaves due to findings of Epstein probe

British lender moves on basis of preliminary findings of regulators’ investigations

Mon Nov 01 2021 - 08:06

Crypto-currency market is double the size of US sub-prime debt before financial crisis

Bank of England said financial authorities needed to take notice

Wed Oct 13 2021 - 17:20

Insurers pay out €130m to date on Covid business interruption – Central Bank

Derville Rowland says sum paid out to 4,371 policyholders, including 3,485 claims that have been fully settled

Wed Sept 29 2021 - 15:12

Revolut eyes launch of ‘buy now, pay later’ product next year

Pandemic has fuelled use of credit services such as Klarna

Fri Sept 24 2021 - 13:06

What taxes apply to my cryptocurrency gains (and losses)?

Q&A: Dominic Coyle

Tue Aug 31 2021 - 05:59

UK regulator ‘not capable’ of supervising cryptoexchange Binance

FCA cites concerns over governance and products of group that failed to respond to basic queries

Wed Aug 25 2021 - 16:42