65 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

66 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

67 h. ago UK watchdog fines Monzo £21mn for ‘falling far short’ on financial crime

Digital bank took on clients with ‘implausible’ information including home addresses such as Buckingham Palace, says FCA

Economics

5 d. ago The UN is our best defence against a third world war. As Trump wields the axe, who will fight to save it? | Simon Tisdall

If the US cuts off the cash it will have world-changing effects, but it’s not the only country falling short in its obligations to the United Nations The United Nations and its agencies have long struggled with funding shortfalls. Now an entrenched problem is becoming an acute crisis in the shadow of Donald Trump’s executioner’s axe. The US is the biggest contributor, at 22%, to the UN’s core budget. In February, the White House announced a six-month review of US membership of all international organisations, conventions and treaties, including the UN, with a view to reducing or ending funding – and possible withdrawal. The deadline for decapitation falls next month.Trump’s abolition of the US Agency for International Development (USAID), and scrapping of most aid programmes, has already badly damaged UN-led and UN-backed humanitarian operations, which rely on discretionary funding. Yet Trump’s axe symbolises a more fundamental threat – to multilateralism and the much-battered inter...

Politics

5 d. ago Arne Engels warns Celtic anger at two major disappointments is fuelling renewed Treble assault

Engels reckons there's going to be an edge to the champions this term after falling short in Munich and at Hampden

Events

8 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

8 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

8 d. ago Former Navy head sacked after ‘falling short of values and standards expected’

Admiral Sir Ben Key was reportedly suspended from his role as First Sea Lord over claims he had an affair with a female subordinate

Politics

1 week ago Wall Street shivers over ‘hot commie summer’ after Mamdani’s success

New York’s financial elite compare the city to crime-riddled Gotham after democratic socialist bests Cuomo in Democratic mayoral primaryWhen Zohran Mamdani, a 33-year-old self-described socialist, won New York’s mayoral Democratic nomination last week over a seasoned but scandal-scarred veteran, the city’s financial elite had a meltdown.This was the start of “hot commie summer” in the city, New York hedgevfund billionaire Daniel Loeb posted to X. John Catsimatidis, billionaire CEO of grocery chain Gristedes and friend of Donald Trump, warned on Fox Business: “If the city of New York is going socialist, I will definitely close, or sell, or move.” Continue reading...

Politics

1 week ago Joshua Redman: Words Fall Short review | John Fordham's jazz album of the month

(Blue Note)The US saxophonist pulls back the vocals of his last record to present a new ensemble and all-original repertoire, resulting in an ideal balance of ingenuity and rapportJoshua Redman has been such a brilliant saxophone improviser for more than three decades that his unerring flawlessness at a spontaneous art almost becomes a tic. But his playful delight in music-making, a quality that swept from his eponymous debut release in 1993, has never faded. Redman’s 2023 first album for Blue Note was the covers-packed Where Are We, his first predominantly vocal venture, featuring the frail, borderline-tearful voice of young New Orleans-based singer Gabrielle Cavassa, herself a new Blue Note signing.Perhaps to deflect this from looking like a label-steered career reset, Redman has cannily entitled its successor Words Fall Short, and included only one Cavassa vocal. Even more smartly, he has introduced a terrific new young road band on an all-original repertoire, and added acclaimed...

Politics

2 w. ago Keir Starmer given Hillsborough Law warning by MPs and peers

Dozens of MPs and peers have written to Keir Starmer to warn that the Hillsborough Law being drawn up is 'likely to fall far short of what was promised to the families'

Events

2 w. ago Effort to repeal Ohio ban on college DEI programs, faculty strikes falls short

The petition drive seeking repeal of an Ohio law banning DEI programs and faculty strikes at public colleges and universities, and making other higher education policy changes, has fallen short of the necessary signatures

Events

2 w. ago Olympic champion Faith Kipyegon falls agonisingly short of becoming first woman to break four

The Kenyan aimed to become the first woman to run a mile in under four minutes

Sport

2 w. ago Emma Raducanu says she needs to get her ‘head in the game’ after Eastbourne exit

British No 1 knocked out by teenager Maya JointAustralian world No 51 wins 4-6, 6-1, 7-6 (4)Emma Raducanu says she needs to get her “head in the game” before Wimbledon starts on Monday after falling just short of a comeback against Australian teenager Maya Joint at Eastbourne.The British No 1 looked dead and buried in her battle with the youngster, 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 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 Tense moment fare dodger is confronted by ticket inspectors after 'falling £1.30 short for his ticket'

The South Western Railway passenger was caught at Weybridge station in Surrey using the ticket which gives a half-price discount on adult prices for children aged five to 15.

Economics

2 w. ago Voices: My husband wanted to go to Dignitas: the new assisted dying bill wouldn’t have helped him

As the right-to-die legislation passes its final Commons hurdle, Mary Dejevsky explains how it falls far short of helping those who might have been pinning their hopes on it, namely people like her late partner with chronic progressive conditions such as Parkinson’s disease

Events

3 w. ago J Hus review – rapper touched by genius can’t quite channel his energy

Royal Albert Hall, LondonAfter a cancelled arena tour, expectations are high for J Hus’s return – but for all his swagger and melody, he ends up falling short due to sound issues and a lack of visionJ Hus’s one-night-only show at the Royal Albert Hall, celebrating the five-year anniversary of his album Big Conspiracy, begins with the British rapper’s sister and collaborator iceè tgm reciting a poem in front of a black curtain. “It all starts with a question,” she posits. “What is the big conspiracy?” By the end, the show leaves even more unanswered questions.When the curtain falls, it reveals a small symphony orchestra placed behind live band the Compozers. Hus opens with force: Helicopter, Triumph, Fight for Your Right, Fortune Teller, Reckless, and No Denying come in quick succession. He spits with braggadocious swagger, jumping from a protruding platform into the throes of the adoring crowd standing in the stalls. Even looking up towards the gallery, the venue’s grandeur feels en...

Politics

3 w. ago Trump is bragging about his deportation plan but he still trails Obama’s numbers ... by a lot

ICE swarms Democrat-led cities to swiftly remove immigrants as Trump’s agenda falls short of the ‘deporter-in-chief’

Politics

3 w. ago Robert MacIntyre not giving up major dream after falling just short at US Open

MacIntyre had hopes of becoming the first Scot to win a major since Paul Lawrie in 1999 when he was the clubhouse leader on the final day.

Politics