The Financial Conduct Authority has set out poor practice it found in lenders' plans for implementing its motor finance redress system, including inadequate data management controls.
The Financial Conduct Authority has set out poor practice it found in lenders' plans for implementing its motor finance redress system, including inadequate data management controls.
Two investment firm partners are being sued by a client who claims they ran a £55 million ($75 million) fraud at their new business, more than a decade after they were banned from working for regulated financial services companies.
Standard Life PLC launched a partnership with a consortium of major global financial companies on Thursday to expand in the U.K. pension risk-transfer market, with a combined initial capital commitment of up to £2 billion ($2.7 billion).
A British business director could face a $6 million fraud claim after a London judge ruled Thursday that he must disclose records from his investment business to the family behind an international textile company.
A communications provider lost its challenge on Thursday to a Department for Work and Pensions videoconferencing contract, as a court upheld the exclusion of the company's bid over its answer to a technical question.
The Financial Conduct Authority warned Thursday about the dangers of investing in high-risk loan notes and mini-bonds following the collapse of litigation funder Woodville Consultants Ltd.
The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.
A group of British pension plans has committed £400 million ($545 million) to an investment fund of collected retirement savings programs designed to invest capital into local infrastructure and other U.K. assets.
Pensions management company Isio has acquired retirement savings administration provider Trafalgar House Pensions Administration Ltd., in a move to expand the range of plans Isio can support.
International Public Partnerships, an infrastructure investment company, has agreed to divest its holdings in nine projects involving 15 London schools, a move it expects will generate gross proceeds of more than £58 million ($79 million) when the deal completes.
