The Financial Conduct Authority set out new guidance on Thursday on tough rules that have come into force requiring payment and electronic money institutions to safeguard customer money better.
The Financial Conduct Authority set out new guidance on Thursday on tough rules that have come into force requiring payment and electronic money institutions to safeguard customer money better.
UniCredit SpA said Thursday that it will take a hit of up to €3.3 billion ($3.9 billion) on its profits to sell part of its Russian subsidiary to an investor in the United Arab Emirates as the Italian lender moves to distance itself from sanctioned clients.
Policymakers should bring together a representative group of citizens to form a range of ideas and proposals to help Britain avoid its looming pensions crisis, a cross-industry group has said in a report.
Aberdeen Investments said Thursday that it has agreed to a deal with activist investor Saba Capital Management to manage Herald Investment Trust PLC, as part of a compromise to secure the trust's long-term future.
Schroders Capital Global Innovation Trust PLC said on Thursday that it has launched a share buyback worth up to £20 million ($27 million), minus costs, to reward shareholders as part of its ongoing managed wind-down.
Lion Finance Group PLC said Thursday that it will soon launch a share buyback program worth up to 55 million Georgian lari ($20.5 million) to lower its share capital.
The Iran war could cost the U.K. government up to £8 billion ($10.9 billion) a year through lost tax revenue and higher debt interest payments, a progressive think tank warned Thursday.
Open Banking Ltd. said Thursday that it has appointed a former general counsel at the Financial Conduct Authority as an independent non-executive director to its board.
The Competition and Markets Authority’s investigations into five companies’ alleged misleading online reviews are the first use of its administrative powers under the Digital Markets, Competition and Consumers Act, marking a turning point in U.K. consumer protection enforcement, say lawyers at Fieldfisher.
