1 hour ago Use buy now pay later? Expert tips to avoid getting into debt

New proposals by the Financial Conduct Authority will give buy now pay later shoppers more protection

Economics

9 h. ago Experts reveal four buy now pay later tips to prevent shoppers getting into debt

New proposals by the Financial Conduct Authority will give buy now pay later shoppers more protection

Economics

9 h. ago Ways to avoid buy now, pay later problems highlighted by charity

StepChange Debt Charity has suggested some ways that borrowers can manage BNPL products ahead of changes next year.

Economics

9 h. ago Buy now, pay later consumer protections proposed by Financial Conduct Authority

Borrowers will have more transparency over their loans and be able to complain to the ombudsman if something goes wrong, under the proposals.

Economics

46 h. ago Barclays slapped with £42m fine over money laundering risk failures

The Financial Conduct Authority said the fines related to separate failings linked to the WealthTek and Stunt & Co businesses.

Economics

48 h. ago Barclays fined £42m by watchdog over money laundering checks

The Financial Conduct Authority fines relate to separate failings linked to the WealthTek and Stunt & Co businesses.

Economics

2 d. ago Reeves sets out sweeping reforms to financial sector in search for growth

The changes are ‘freeing up firms to take risks and to drive growth’, Chancellor Rachel Reeves said.

Politics

7 d. ago MPs sound alarm over reports Shein is pushing UK listing rules to be relaxed

The Business and Trade Committee said it would be ‘deeply concerned’ by changes to the disclosure rules to pave the way for Shein to list in the UK.

Events

9 d. ago Monzo fined after customers put Buckingham Palace and No 10 as home addresses

The Financial Conduct Authority found customers were allowed to register bank accounts to addresses including PO Boxes and London landmarks.

Economics

9 d. 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

2 w. ago Financial gripes ‘have reached highest level since PPI scandal aftermath’

Fraud and scam complaints have hit a record level, the Financial Ombudsman Service said.

Politics

2 w. ago City watchdog extends rules on bullying and harassment across financial sector

The Financial Conduct Authority said serious incidents qualify as misconduct under its rules across the industry.

Events

2 w. ago More people could get help to navigate their financial lives, says regulator

The Financial Conduct Authority is aiming to reduce the ‘advice gap’ so that people have timely access to the help they need.

Politics

2 w. ago Wood Group: Scottish engineering giant faces probe by watchdog over accounting 'cultural failures'

The Financial Conduct Authority probe will look into the period between January 2023 and November 2024 at Aberdeen-based Wood Group.

Events

2 w. ago UK’s financial watchdog launches probe into troubled Wood Group

The Financial Conduct Authority’s probe will look into the period between January 2023 and November 2024.

Events

2 w. ago Relaxed stress testing means some home buyers could borrow £1000s more on mortgages from today

Leeds Building Society said its changes from today will benefit borrowers buying their first house, moving up the property ladder, or remortgaging

Economics

2 w. ago Home sales jump by a quarter month on month in May following April slump

Stamp duty discounts became less generous in April, but transaction figures for May show a pick-up in house sales.

Politics

3 w. ago Building society’s mortgage change could help some people borrow thousands more

Leeds Building Society said its changes from Friday will benefit borrowers buying their first house, moving up the property ladder, or remortgaging.

Politics

3 w. ago 'Overwhelming' evidence former Barclays boss Jes Staley was 'close' to notorious paedophile Jeffrey Epstein, tribunal rules

Jes Staley was fined £1.8 million and banned from holding senior roles in the financial sector by the Financial Conduct Authority ( FCA ) in 2023.

Politics

3 w. ago New mortgage rules could make it easier for renters and self

The Financial Conduct Authority has launched a discussion paper on the benefits and risks that changing rules could see

Politics