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The Latest Breaking News from FCA

248K Ram HD Trucks Recalled For Transmission Leak That May Cause Fire

Ram 2500 and 3500 models going back to 2020 could leak transmission fluid from the dipstick tube.

Motor1

Fiat to bring new electric 500e to North America in 2024

Fiat this time wants North American customers to buy its 500e electric hatchback.

Tribune News Service

Financial firms accused of adding to pain of vulnerable customers

People dealing with critical illness or bereavement say poor customer service at insurers and banks often puts them through a new ordeal

The Guardian - UK

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Political intervention would undermine City regulators, says FCA

Watchdog tells MPs plans to allow ministers to amend regulations would dent UK’s reputation

The Guardian - UK

Getting Chrysler and Dodge Vehicles Fixed in Faulty Airbag Recall

Chrysler and Dodge vehicle owners can get their vehicles serviced in a recall for faulty airbags.

The Street

Stellantis Issues 'Do Not Drive' Warning After Airbag-Crash Deaths

Stellantis says the airbags have caused two recent deaths and are suspected in a third.

The Street

Economy and Society, November 1, 2022: How will voters affect the control of state financial offices?

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

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Labour refers Suella Braverman to financial watchdog over email leak

Exclusive: ‘Growth visas’ policy leak could have influenced markets and breached market abuse laws, letter to FCA argues

The Guardian - UK

Broker Blankstone Sington in the red as FCA restrictions continue

The firm - known for brokering Everton FC shares - said its directors have 'worked tirelessly with the regulator to alleviate the situation'

Birmingham Post

FCA proposes new rules to tackle greenwashing

The regulator begins a consultation on plans to cut out misleading terminology

Insider UK

FCA to examine how to regulate big tech’s financial services

Firms such as Apple, Google and Amazon could harm competition in UK’s sector, Financial Conduct Authority says

The Guardian - UK

Twitter Rebuffs Elon Musk Layoff Plans Report, Toyota Cuts 2023's Production Target, Vaccine Makers Expect 3x Price Increase In COVID-19 Shot: Top Stories Friday, Oct. 21

Bloomberg

Benzinga

Barclays could be fined £50m for failing to disclose 2008 Qatari deal

Provisional fine relates to £322m bank paid to Gulf state allegedly in exchange for £4bn investment to save lender from bailout

The Guardian - UK

Barclays facing £50m fine for 'reckless' failures to disclose arrangements with Qatari investors

Bank will take decision to an independent tribunal

Insider UK

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The Independent UK

Almost eight million Britons struggling to pay bills, watchdog says OLD

60 pof adults across the UK are under “a heavy burden” to pay their bills

Wales Online

More than half of Britons 'burdened' by soaring bills, personal finance study shows

One in four is in financial difficulty, or at risk of falling into it after any setback

The Guardian - UK

Almost 8m people in UK struggling to pay bills, says City watchdog

One in four adults either in financial trouble or at brink of difficulty, FCA survey finds

The Independent UK

Six in 10 UK adults struggling to keep up with bills – City regulator

Around 31.9 million people, or 60% of UK adults, were estimated to be finding it a heavy burden or somewhat of a burden, FCA research found.

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Daily Mirror

Hey Facebook, recognise this advert? Because you should

Scamverts on social media platform show why new laws are needed to tackle £890m crimewave

Evening Standard

FCA head of enforcement Steward steps down from regulator

He has been with the body for 15 years and hunt will begin for successor

Birmingham Post

Hargreaves Lansdown facing lawsuit over Neil Woodford fund collapse

The Bristol-based company is being sued by claims management business RGL on behalf of 3,200 investors who lost money

The Guardian - UK

How to manage and reduce your debt

From reorganising day-to-day bill-paying as costs soar, to defaulting on potentially serious debts

The Guardian - UK

Hargreaves Lansdown hit by lawsuit on behalf of Woodford fund investors

Claim brought on behalf of initial 3,200 investors caught up in collapse of Neil Woodford’s equity income fund

The Guardian - UK

Cryptocurrency firm advised by Philip Hammond withdraws UK application

Copper Technologies has moved customers to Switzerland after struggling to gain full FCA approval

The Independent UK

FCA updates guidance for banks considering branch or ATM closures

The industry must make sure they are supporting people and businesses who rely on cash and banking services, the Financial Conduct Authority said.

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