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Farage in 2018. In June 2023, the private bank Coutts closed the account held by the British politician and broadcaster Nigel Farage, triggering controversy. NatWest, the owner of Coutts, initially claimed that he failed to meet the Coutts eligibility criteria of holding £1,000,000 or more in his account, following the expiry of his mortgage.
The FCA stated that "[i]nsurers will be required to offer renewing customers a price that is no higher than they would pay as a new customer." [ 5 ] [ 6 ] In 2019, Ofcom announced agreements with several UK telecom providers to ensure out-of-contract customers could get the same deals for broadband service as are available for new customers, if ...
The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom ...
BBC Radio 4 produced a programme, The Lowball Tapes, that questions whether the right people were convicted for rigging rates. [30] The programme also alleges that at the height of the financial crisis, the Bank of England was giving instructions to banks to rig Libor to a much greater extent than the traders ever did on their own account.
The Woolard Review said there was an urgent need to regulate buy now, pay later services after the market quadrupled in 2020. ... 24/7 Help. For premium support please call:
It has been produced by the Business Programmes section of BBC Radio which produces for Radio 4 and 5 Live in the Business and Economics Unit. It began as a fifteen-minute programme, starting at 05:45, as part of the Morning Reports programme. [2] It became a programme in its own right on 29 April 2002, starting at 05:30. [3]
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Main entrance – 25 North Colonnade (Canary Wharf, London) – FSA building The Securities and Investments Board Ltd ("SIB") was incorporated on 7 June 1985 at the instigation of the UK Chancellor of the Exchequer, who was the sole member of the company and who delegated certain statutory regulatory powers to it under the then Financial Services Act 1986.