Lenders offering early compensation to customers affected by potentially mis-sold car finance must provide clear information about payouts and ensure settlements are worth the maximum available, the Financial Conduct Authority said Tuesday.
Lenders offering early compensation to customers affected by potentially mis-sold car finance must provide clear information about payouts and ensure settlements are worth the maximum available, the Financial Conduct Authority said Tuesday.
The U.K.'s financial authorities said Tuesday they want to relax regulatory requirements for smaller credit unions and introduce more risk-sensitive capital rules for larger institutions to support growth, competition and innovation in the sector.
The Financial Conduct Authority said Tuesday that ESG ratings providers will need its authorization from 2028, as it aims to make the information investors rely on more transparent and reliable.
A former Nigerian governor convicted of money laundering failed in his bid to reduce his £101.5 million ($136.2 million) confiscation order, with the Court of Appeal holding Tuesday there is "nothing disproportionate" in accounting for inflation on money in frozen accounts.
First-time buyers can purchase newly built homes with a deposit of as little as 2.5% of the purchase price, backed by an interest-free loan for five years, the government said Tuesday.
Supermarket Income said Tuesday that it plans to raise £50 million ($67 million) by selling shares to retail and institutional investors as the landlord to major food retailers seeks cash for acquisitions.
