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The Latest Breaking News from FCA

Stellantis CEO's direct compensation nearly $19M in 2021

The CEO of the maker of Jeep SUVs and Ram pickup trucks received $18.9 million (16.8 million euro) in direct compensation during his first year leading Stellantis NV.

Tribune News Service

Fewer people living within reach of banks and building societies as branches shut

The number of bricks-and-mortar branches of larger banks and building societies providing personal current accounts fell in the third quarter of 2021.

The Independent UK

Fewer people living near major banks and building societies as branches shut

The number of bricks-and-mortar branches of larger banks and building societies providing personal current accounts fell in the third quarter of 2021.

The Independent UK

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Go-Ahead Group to publish results this week following franchise investigation delays

The Newcastle firm's shares have been suspended since January but it will soon apply to the FCA for the restoration of the listing

Birmingham Post

More can be done to analyse ‘poverty premium’, says FCA boss

More can be done to see the effects of the premium in areas such as insurance and access to banking, Sheldon Mills told the Treasury Committee.

The Independent UK

Binance access to UK payments network worries City watchdog

FCA says it has limited powers to object to Paysafe deal despite concerns about cryptocurrency platform

The Guardian - UK

Buy now, pay later contract changes could result in refunds for customers who made late payments

Clearpay, Klarna, Laybuy and Openpay are changing how their contracts are drafted.

Daily Record

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Four buy now, pay later firms change ‘potentially unfair terms’

UK financial regulator wants Clearpay, Klarna, Laybuy and Openpay to make contracts easier to understand

The Guardian - UK

Buy now, pay later customers to be refunded after being charged unfair late fees

Clearpay, Laybuy, and Openpay have agreed to voluntarily refund shoppers who cancelled their entire order but were still charged late fees - are you due money back?

Daily Mirror

New rules for buy now, pay later customers

The Financial Conduct Authority (FCA) said it was concerned there was a potential risk of harm to consumers

Wales Online

Buy now, pay later firms making contract terms fairer and easier to understand

The Financial Conduct Authority said it was concerned there was a potential risk of harm to consumers as a result of the way terms had been drafted.

The Independent UK

Lord Patel: Individuals are trying to ‘delay and derail’ reform at Yorkshire

The club were forced to cancel an extraordinary general meeting on Wednesday night.

The Independent UK

Yorkshire cancelled crucial meeting because it was not ‘properly called’

The EGM is seen as vital in voting through changes to the board structure in the wake of the Azeem Rafiq racism crisis

The Independent UK

Financial Conduct Authority staff back industrial action over pay changes

Members of the Unite union working at the watchdog have voted in favour to go on strike by 87%, the union has revealed, urging the FCA to negotiate.

The Independent UK

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The Guardian - UK

UK factory output growth jumps; US job openings rise; record low eurozone unemployment – as it happened

Rolling coverage of the latest economic and financial news

Birmingham Post

Peer-to-peer business platform snapped up after FCA approval

The deal has been completed for an undisclosed sum

The Independent UK

Building safety scandal: Gove orders urgent investigation of ‘crippling’ insurance hikes

Leaseholders have been hit with up to tenfold hikes to premiums in the years following the Grenfell Tower tragedy

The Guardian - UK

Gove requests review of spiralling insurance for flats with unsafe cladding

Watchdog to establish why premiums shot up for customers after Grenfell tragedy

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The Independent UK

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

Michael Gove said the insurance market is ‘failing’ some leaseholders who live in blocks of flats with unsafe cladding.

The Guardian - UK

UK financial watchdog staff edge closer to strike over pay cuts

Unite union says cost-cutting would turn Financial Conduct Authority into ‘bargain-basement’ regulator

The Independent UK

Financial Conduct Authority staff to vote on strike action over pay changes

Unite the Union is balloting members over whether to take industrial action over new pay rules being introduced by the financial regulator.

InsideEVs

Stellantis CEO Complains About Electrification Risks In Europe

Stellantis, one of the largest automotive groups, created by merging FCA with PSA, does not think that the current direction of electrification is right.

Evening Standard

M&C Saatchi draws a line under accounting scandal as FCA drops probe

M&C Saatchi today looked to draw a line under its historic accounting scandal once and for all, as a watchdog investigation into the matter ended and it upgraded profit forecasts.

Insider UK

Can crypto really replace traditional financial institutions?

Rising consumer use of blockchain-based technology has seen major banks investigate and invest

Evening Standard

Prince Harry and Meghan used in fake Bitcoin investment adverts

Fake endorsements from the Duke and Duchess of Sussex are being used to promote Bitcoin-related investment schemes on social media.

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