Britain’s financial regulators are in retreat. Only hours after Prime Minister Sir Keir Starmer announced plans to abolish one of the country’s financial regulators, the City of London’s main watchdogs announced they were ditching or delaying several of their most controversial […]
UK financial regulators in retreat as prime minister piles on pressure Read More »
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Revolut and Visa have filed legal challenges against the UK’s Payment Systems Regulator, with the companies arguing that the
Revolut and Visa file legal challenges against UK payments regulator Read More »
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Lloyds Banking Group is hiring hundreds of IT engineers in India while planning to cut hundreds of similar jobs in
Lloyds shifts skilled IT jobs from UK to India Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group wrongly classified £44.1bn of customer deposits in figures submitted to the Bank of England, an error that
Lloyds Bank overstated interest-bearing deposits to BoE by £44bn Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group has set aside an additional £700mn to cover the fallout of a probe and related court ruling
Lloyds sets aside another £700mn after car finance probe Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Banks’ hopes of being shielded from a multibillion-pound mis-selling scandal suffered a blow on Monday after judges prevented the UK
Supreme Court rejects UK chancellor’s car finance intervention Read More »
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Chase UK has topped a league table of retail banks, marking the fifth successive year that digital banks have outperformed
Chase UK tops latest banking customer satisfaction survey Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut staff and early investors have offloaded almost $1bn of stock since August, after the fintech’s UK banking licence galvanised
Revolut backers offload almost $1bn of stock Read More »
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The UK’s highest court is to hear an appeal brought by car loan providers in a landmark mis-selling case that
Bank shares jump after UK court agrees to hear car loans appeal Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European regulators rebuked Wise, the London-listed fintech, over its anti-money laundering controls and forced the payments group into a formal
Wise rebuked by European watchdog over money laundering controls Read More »
