37 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

38 h. ago Monzo fined £21m after customers use Buckingham Palace as address

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

Economics

38 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

38 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

39 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

7 d. ago Former Royal Navy head sacked over affair with subordinate officer

Ministry of Defence says Ben Key’s conduct fell far short of standards expected following investigationBen Key, the head of the Royal Navy, has been fired and stripped of his commission after it was discovered that the married admiral had been having an affair with a female subordinate.The Ministry of Defence said Key’s behaviour had been found to have fallen far short of the standards expected following an investigation, triggered after the woman’s husband made a complaint. Continue reading...

Society

7 d. ago Former head of Royal Navy sacked over affair with subordinate officer

Ministry of Defence says Ben Key’s conduct fell far short of standards expected after investigationThe former head of the Royal Navy, Ben Key, has been fired and stripped of his commission after it was discovered that the married admiral had been having an affair with a female subordinate.The Ministry of Defence said Key’s behaviour had been found to have fallen far short of the standards expected, after an investigation triggered when the woman’s husband made a complaint. Continue reading...

Society

7 d. ago Former Royal Navy head sacked as MoD says behaviour fell ‘far short’ of values

Sir Ben Key’s service and commission terminated following investigation after suspension over alleged affairThe service of the former Royal Navy head Adm Sir Ben Key has ended in disgrace after an investigation found he fell “far short of the values and standards expected”.Key was reportedly suspended from his role as first sea lord in May over claims he had an affair with a female subordinate. Continue reading...

Politics

2 w. ago Raducanu comeback falls just short against Maya Joint at Eastbourne

Australian world No 51 wins 4-6, 6-1, 7-6 (4)Jodie Burrage fails to convert match pointsEmma Raducanu’s attempt at a miraculous recovery against Maya Joint fell just short as she lost in the second round at Eastbourne.The British No 1 looked dead and buried in her battle with the Australian, trailing 5-2 in the deciding set. But she produced an inspired spell, breaking Joint three times when she was serving for the match, to set up a tie-break. Continue reading...

Politics

2 w. ago Major UK energy provider ordered to pay £150 compensation to thousands of customers

Ofgem says the provider ‘fell short’ of its standards

Economics

3 w. ago Major UK energy company to give thousands of customers £150 compensation for payment error

Ofgem says the provider ‘fell short’ of its standards

Economics

3 w. ago Gerwyn Price in brutal attack on Luke Littler and Luke Humphries after World Cup failure

Pre-tournament favourites Luke Littler and Luke Humphries fell short in their bid for World Cup of Darts glory with England, and Gerwyn Price made his feelings clear

Events