FCA tells Nicky Morgan London Capital & Finance probe ‘in the public interest’ April 2, 2019 Britain’s financial watchdog has rebuffed claims it was forced to investigate its own regulation of collapsed mini-bond firm London Capital & Finance (LC&F). Chairman of the Financial Conduct Authority (FCA) Charles Randell said this afternoon the regulator chose investigate itself after LC&F’s collapse because of “the broader public interest questions which arise in relation to [...]
City watchdog issues warning on investing in peer-to-peer loans April 2, 2019 The UK financial watchdog has warned customers about investing in peer-to-peer lending through innovative finance ISAs (IFISAS). The Financial Conduct Authority (FCA) said it had seen “high-risk” IFISAS, which invest money into products such as mini-bonds or peer-to-peer investments, being advertised alongside cash ISAs. Read more: Invest like it's 1999 However, these types of investments [...]
Fraud office launches investigation into collapsed lender London Capital & Finance March 18, 2019 The Serious Fraud Office (SFO) has launched an investigation into failed £236m lender London Capital & Finance (LCF), it said today. The SFO said it made four arrests in the Kent and Sussex areas on 4 March. It said all four individuals have been released pending further investigation. The SFO is investigating in conjunction with [...]
Investors fear £236m given to London Capital & Finance is lost after firm collapses March 9, 2019 London Capital & Finance (LCF) has collapsed and thousands of people who collectively invested £236m into a high-risk bond scheme fear they may have lost everything, according to the BBC. The scheme was marketed as a "Fixed Rate ISA" and the company, now in administration, is under investigation for mis-selling products. Many of those who put [...]
Spending hits ten-year low in households November 30, 2010 FAMILY spending in the UK has fallen to a ten year low, according to government figures released yesterday. The average weekly spend dipped to £455 per household last year, down from £471 in 2008, said the Office for National Statistics (ONS). The figures reflect households tightening their belts amid recession, as the economy shrunk by [...]
Spending hits ten-year low in households November 30, 2010 FAMILY spending in the UK has fallen to a ten year low, according to government figures released yesterday. The average weekly spend dipped to £455 per household last year, down from £471 in 2008, said the Office for National Statistics (ONS). The figures reflect households tightening their belts amid recession, as the economy shrunk by [...]
CITY MOVES | WHO’S SWITCHING JOBS June 6, 2010 London Stock Exchange The exchange has hired Gay Huey Evans and Paul Heiden as non-executive directors and made Raffaele Jerusalmi an executive director. Huey Evans, pictured, is vice chair of investment banking and investment management at Barclays. Heiden is executive chairman of Talaris Topco and a non-executive at United Utilities, while Jerusalmi is director of capital [...]