All posts in Banking And Finance

Bank of England

FCA financial crime review reveals ineffective risk management by some financial service providers

Financial crime risk reviews, enforcement action, and proposed new guidance published on Friday by the UK Financial Conduct Authority (FCA) indicate that many small financial service providers are failing to protect their businesses from financial crime. The FCA is responsible for the conduct supervision […]

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London Finance

FCA proposes new restrictions for distribution of mutual society share capital instruments

The Financial Conduct Authority (FCA), the UK's regulator of financial firms and financial advisers, revealed on Tuesday that it is conducting a consultation on new restrictions that are

euro

Turnover increases in Euro money markets

Segments of the Euro money markets grew by 4%, to EUR79trn in the second quarter of 2014, compared to the second quarter of 2013, according to the Euro

Payday loans

Estimated 62% of young adults relying on  payday loans to make ends meet

Young British people aged 17 to 24, who are struggling to make ends meet, are turning to risky credit options according to figures released on Thursday by consumer

China

UK government successfully issues first Renminbi sovereign bond

A sovereign bond valued at RMB3bn, has been issued by the UK government, the first western country to issue a bond in Chinese currency, the economic and finance

HSBC Canary Wharf

CBI/PwC survey shows UK financial services firms returning to profit

Financial Services companies in the UK are seeing a return to profit and are recruiting more staff, according to 100th CBI/PwC survey of the financial services sector released

Pound Sterling

HM Treasury launches  nationwide £1 coin design competition

HM Treasury, the UK government's economic and finance ministry revealed on Friday that a competition to design the new GBP1 coin has been launched by the Chancellor of

Banks not helping small businesses

Barclays divests non-core businesses

International financial services provider Barclays Bank PLC revealed on Monday that it is continuing to dispose its non-core businesses, having agreed the sale of its Retail Banking, Wealth

Bank of England

Participants in Lending Scheme Extension make draw downs of £3.2bn in Q2

Draw downs of GBP3.2bn were made by nine of the 36 groups participating in the Bank of England and HM Treasury Funding for Lending Scheme (FLS) Extension during

Social Media

FCA to clarify rules on use of social media to promote financial products

An increase in the use of digital media for financial promotions has prompted the Financial Conduct Authority (FCA) to publish a consultation paper that sets out a new

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