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The Latest Breaking News from FCA

Watchdog should halt plans for ‘naming and shaming’ firms, says Lords committee

The FCA launched proposals last year which would allow it to announce when it has opened enforcement investigations into financial firms.

The Independent UK

Green activists warn London exchange over possibly ‘criminal’ copper trading

Dealing in metal from Papua could break UK law because of environmental impact of mining it, campaigners argue

The Guardian - UK

Financial watchdog in ‘denial’ of problems claim MPs in fresh criticism

A cross-party group of MPs renewed their criticism of the Financial Conduct Authority, as the watchdog denied claims it has not offered to meet them.

Evening Standard

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‘Royal’ told Jeffrey Epstein they would ‘play more soon’ after no contact claims

A royal family member reportedly told paedophile financier Jeffrey Epstein they would “play more soon” after claiming they no longer had…

The National (Scotland)

'Royal family member' in contact with Epstein until 2011, court documents show

A “ROYAL family member” was in email contact with the paedophile financier Jeffrey Epstein as late as February 2011, according to court…

The National (Scotland)

Ex-Barclays CEO gears up for explosive trial over City regulator’s allegations on Jeffrey Epstein ties

Court papers seen by the Guardian mean Jes Staley’s appeal against FCA ruling will demand answers on links to sex offender

The Guardian - UK

Stellantis Hits Back at Worried Dealers: 'We Are Fully Committed'

Dodge, Jeep, Ram, and Chrysler all had significant sales declines in 2024. As a result, the FCA side of Stellantis fell 15 percent. Unsurprisingly, dealers were none too happy about it. The US Stellantis National Dealer Council sent a strongly worded letter to Carlos Tavares, blaming him for steering the…

Motor1

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Are Rachel Reeves’s efforts to win business confidence ‘fiddling while Rome burns’?

Pro-growth charm offensive aimed at getting Labour back on the front foot has drawn concerns and questions

The Guardian - UK

Next steps for plans to help give people more control over payments set out

A new independent company will be set up to drive forward variable recurring payments, regulators said.

Evening Standard

Rachel Reeves denies Labour hindering consumer interests in car loans scandal

Chancellor under pressure from lenders and lobbyists that say huge compensation bill could harm motor finance market

The Guardian - UK

Watchdog boss stepped down over ‘different approach’, says Chancellor

Marcus Bokkerink left his role as chairman of the Competition and Markets Authority earlier this week.

Evening Standard

Uncertainty over UK car finance scandal is putting off investors, warn CEOs

Industry figures say unknown compensation bill makes it ‘difficult to operate’ owing to fears of ‘retrospection’

The Guardian - UK

UK mortgage rules could be eased to increase growth

FCA also aims to change law to try to prevent a repeat of mass compensation schemes for consumers such as PPI

The Guardian - UK

FTSE 100 hits record as interest rate hopes push down UK borrowing costs

Nearly every share on index rose after fall in value of pound helped multinationals listed in London

The Guardian - UK

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The Independent UK

Mortgage and contactless rules could be shaken up under FCA plans

The plans outlined by the regulator could help homebuyers to secure a property.

Evening Standard

Regulator must show its teeth over some practices by insurers, says Which?

The consumer group has highlighted three ‘common misconceptions’ that can lead to confusion over whether people are covered.

The Conversation

Carlos Tavares resigns: Agnelli and Peugeot families take back control

A significant rift has shaken Stellantis, the world’s fourth-largest automaker. In a dramatic turn of events, the company’s board has summoned CEO Carlos Tavares, ultimately compelling him to step down.

The Guardian - UK

Shein’s silence is farcical. It must answer fair questions if it wants a London listing

The fast-fashion retailer’s reluctance to disclose information about its supply chain in China won’t wash

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Evening Standard

Close Brothers gets new boss amid looming crisis for car finance industry

Motor finance seller names Mike Morgan, a senior executive at the firm, as its new chief as potential compensation ruling nears.

The Guardian - UK

It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

USA Today Sports Media Group

Top Forex Brokers A Guide to Finding the Best for Your Trading Needs

The forex market is one of the largest financial markets in the world, with a daily trading volume exceeding $6 trillion. This presents a vast opportunity for traders, but it also means that finding the right forex broker can be a challenge. ...

The Independent UK

Crisis looms for motor finance industry ahead of crucial 2025 court decision

Some experts have raised the possibility that potentially millions of motorists could be eligible for a payout.

The Guardian - UK

‘Shockingly lax’: how soaring British bank Starling had its wings clipped

Launched as a challenger to traditional lenders, it profited from offering state-backed loans during Covid. But then the regulator came calling

The Guardian - UK

City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at risk

Motor1

Stellantis Fined Millions for 'Unapproved' Diesel Emissions Cheat Device

The California Air Resources Board (CARB) and Fiat Chrysler Automobiles (FCA) reached a settlement regarding alleged violations of emission regulations for diesel engines. FCA will pay a fine of $4,185,820 for violating CARB air quality regulations in certain diesel-powered Ram ProMaster vans.

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