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SHOCKING: 3 - What They Never Told You

Contactless card limit rule changes come into force from Thursday

Firms will have new flexibilities to set contactless card limits higher than £100 if they wish to in future under FCA rule changes.

Evening Standard

Lloyds faces questions over ‘troubling’ banking app glitch that showed other users’ transactions

One customer said she was able to see the transactions of six different users over a 20-minute period

The Independent UK

Lloyds faces questions from Treasury Committee about recent banking app glitch

Treasury Committee chairwoman Dame Meg Hillier said in a letter that she would welcome a set of responses to the ‘troubling incident’.

Evening Standard

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Close Brothers banking group to cut 600 jobs and roll out AI ‘at pace’

Specialist lender’s shares plunge after short seller claims it will have to raise provision for car finance scandal

The Guardian - UK

Ombudsman service shake-up ‘will help fast and fair response to consumer gripes’

Legislation will be brought forward to reform the legislative framework that governs the Financial Ombudsman Service.

Evening Standard

Tavern: Team behind Michelin-starred St Barts to open British bistro in Old Street

Look out for the crispy veal sweetbread burger

Evening Standard

Firms improving consumers’ understanding with FAQs and videos, FCA finds

Financial services firms are using tools to help customers absorb information at their own pace, the Financial Conduct Authority said.

Evening Standard

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Sketches Show Alfa Romeo Models That Never Made It, Including A Miata Clone

Back in 2013, when Sergio Marchionne was still at the helm of FCA, the company announced that, through an agreement with Mazda, Alfa Romeo would develop a new roadster based on the Mazda MX-5—a modern revival of the legendary Duetto.

Motor1

Standards in the second charge mortgage market need to be improved, says FCA

Second charge mortgages are often taken out by people already carrying high levels of debt, who then roll those debts into a new loan.

Evening Standard

Time for UK regulators to act against Saba Capital’s siege tactics

The FCA should bring in new rules to protect investment trusts from overaggressive activist investors trying to take control

The Guardian - UK

Crispin Odey was described as ‘sex pest’ by head of his hedge fund, court hears

Multimillionaire begins case against FCA ban over handling of investigation into sexual misconduct claims

The Guardian - UK

What changes are the FCA making to credit score files and what does it mean for you?

Your file contains borrowing history and three major agencies carry details on how you handle money

The Independent UK

Millions face longer wait for payouts under motor finance redress scheme plans

The FCA is set to give lenders a three-month implementation period to make redress, with up to five months for older agreements.

Evening Standard

UK oil firm fined £13m for repeatedly publishing inaccurate financial results

Wood Group’s ‘desire to maintain previously stated financial results’ influenced inaccurate reporting, says regulator

The Guardian - UK

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The Independent UK

FCA provides update on £11bn motor finance redress scheme

IN FULL

The Independent UK

Engineering giant fined £13m by financial watchdog over inaccurate accounts

The UK firm was sold to Dubai-based firm Sidara late last year for £216 million

Evening Standard

Wood Group fined £13m by watchdog over inaccurate accounts

The Aberdeen-based business published inaccurate information in financial results published in 2022, 2023 and 2024, the FCA said.

Motor1

Alfa Romeo Global Sales Are Booming But Still A Fraction Of The Germans

It’s been over a decade since the late Sergio Marchionne hit the reset button on Alfa Romeo, attempting to turn the fabled Italian brand into a true rival for the Germans. FCA poured a billion euros into the Giorgio platform to develop the Giulia and Stelvio, two models that are…

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Evening Standard

Millions could get motor finance compensation in 2026 under plans due this month

The FCA is set to give lenders a three-month implementation period to pay out redress, with up to five months for older agreements.

The Independent UK

Millions of drivers set to get long-awaited motor finance compensation payouts this year

People would be informed within three months of the implementation period

The Independent UK

Reality TV stars plead guilty to illegal Instagram trading promotions

IN FULL

Evening Standard

Reality TV stars plead guilty over illegal Instagram posts plugging FX trading

Lauren Goodger was among the celebrities who admitted breaking the law after acting as so-called ‘finfluencers’.

The Independent UK

Love Island and Towie stars plead guilty over illegal Instagram finance scheme

Lauren Goodger was among the celebrities who admitted breaking the law

Evening Standard

Less than half of account providers ‘let customers set contactless card limits’

Defaqto said it found big differences in the money management features that account providers currently offer to customers.

The Guardian - UK

MPs in call to halt Drax’s £2m-a-day subsidy over sustainability doubts

Exclusive: Cross-party group ‘deeply concerned’ power plant may have misled ministers and regulators over source of wood pellets

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