Growth in artificial intelligence combined with the easing of mortgage rules by the Financial Conduct Authority will accelerate fraud risks for lenders and put senior manager accountability to new tests, lawyers have warned.
Growth in artificial intelligence combined with the easing of mortgage rules by the Financial Conduct Authority will accelerate fraud risks for lenders and put senior manager accountability to new tests, lawyers have warned.
The U.K.'s Labour government will temporarily raise the bank surcharge to 6% to help generate more revenue to cover its expanded spending plans, Chancellor John Healey said in his autumn Budget on Wednesday.
The Treasury set out in the budget Wednesday a plan to bolster its framework for financial transactions with a new facility through which it may lend to U.K. local governments for investing in the financial sector.
Digital asset business Haycen has denied two former associates' claims they were promised co-founder-level stakes in its digital currency arm, arguing that they worked mainly as advisers and consultants and have "grossly overstated" their contributions.
The government will introduce a new first-time buyer Individual Savings Account from April 2029, offering savers a 25% government bonus toward their first home purchase, replacing the Lifetime ISA for new savers under Budget measures disclosed Wednesday.
