19 h. ago Monzo fined over £21m after financial crime controls ‘fell far short’

The FCA said Monzo’s financial crime systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

Economics

20 h. ago Business news live: Two more lenders drop mortgage rates and Monzo fined £21m over crime controls

Stock markets updates and business news from Tuesday

Economics

20 h. ago Monzo fined £21m after customers used No 10 and Buckingham Palace as addresses

FCA finds digital bank failed to employ adequate controls when signing up new clientsBusiness live – latest updatesThe digital bank Monzo has been fined £21m over weak financial crime controls, after it allowed customers to register for accounts with “implausible” home addresses including 10 Downing Street, Buckingham Palace and Monzo’s own headquarters.The Financial Conduct Authority’s (FCA) penalty follows a lengthy investigation, which discovered that Monzo’s internal controls failed to keep up with a rise in customers, which ballooned from 600,000 in 2018 to more than 5.8 million in 2022. Continue reading...

Economics

21 h. ago Business news live: FTSE 100 up after new Trump tariff rates and Monzo fined £21m over crime controls

Stock markets updates and business news from Tuesday

Economics

23 h. ago Business news live: FTSE 100 reacts to new Trump tariff rates and Apple appeal €500m EU fine

Stock markets updates and business news from Tuesday

Politics

23 h. ago Business news live: Trump sends 12 nations new tariff rates letters and Apple appeal €500m EU fine

Stock markets updates and business news from Tuesday

Politics

47 h. ago Business news live: Trump delays end of trade tariff pause and surprise June house prices data

Stock markets updates and business news from Monday

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49 h. ago Business news live: Stock markets set for volatility with end of Trump’s tariff pause near

Stock markets updates and business news from Monday

Economics

5 d. ago Business news live: Pound and bonds recovering after Reeves gets backing, NS&I issue new Junior ISA rate

Stock markets updates and business news from Thursday

Politics

5 d. ago Business news live: Pound and bonds recovering after Reeves backed by Starmer, Microsoft cut 4% of staff

Stock markets updates and business news from Thursday

Politics

6 d. ago Business news live: Bonds yield concern remains after Reeves backed by Starmer, Microsoft cut 4% of staff

Stock markets updates and business news from Thursday

Politics

6 d. ago Business news live: Bond yields continue to fall, one in four cars sold in June were electric

Stock markets updates and business news from Friday

Transport

6 d. ago Business news live: Bonds latest after yields rise and Microsoft cut 4% of workforce in AI push

Stock markets updates and business news from Thursday

Economics

6 d. ago Business news live: Gilt yields spike on Reeves exit speculation and CEO of AstraZeneca discusses leaving London

Stock markets updates and business news from Wednesday

Economics

6 d. ago Business news live: AstraZeneca CEO discusses leaving London for US and Japan facing new, bigger tariff

Stock markets updates and business news from Wednesday

Economics

6 d. ago Business news live: AstraZeneca CEO discusses leaving London for US and TSB could depart the high street

Stock markets updates and business news from Wednesday

Economics

7 d. ago Business news live: Bank of England reveals tariffs impact on interest rates and TSB could depart the high street

Stock markets updates and business news from Wednesday

Economics

7 d. ago Business news live: Bank of England reveals trade tariffs influence on interest rate decisions

Stock markets updates and business news from Wednesday

Economics

7 d. ago Business news live: Tesla shares fall as Trump criticises Musk, UK government to make Cash ISA cuts

Stock markets updates and business news from Monday

Politics

8 d. ago Business news live: Government faces criticism for Cash ISA cuts and UK house price growth slows

Stock markets updates and business news from Monday

Economics