Showing 1 to 12 of 26 results
Former NASA Scientist Jailed for £1m Investment Fraud
A former NASA scientist, 85-year-old John Burford, was sentenced to two years in prison for defrauding over 100 investors of £1m through his unauthorized investment firm, Financial Trading Strategies, between 2016 and 2021, using the funds for personal expenses including a house purchase.
Former NASA Scientist Jailed for £1m Investment Fraud
A former NASA scientist, 85-year-old John Burford, was sentenced to two years in prison for defrauding over 100 investors of £1m through his unauthorized investment firm, Financial Trading Strategies, between 2016 and 2021, using the funds for personal expenses including a house purchase.
Progress
12% Bias Score
NS&I Faces Criticism Over Unclaimed Premium Bonds and Poor Customer Service
NS&I holds over £105 million in unclaimed Premium Bonds, highlighting poor customer service, including issues with tracing lost accounts and handling bereavement claims; the bank missed customer satisfaction targets for several years and is facing criticism for outdated processes.
NS&I Faces Criticism Over Unclaimed Premium Bonds and Poor Customer Service
NS&I holds over £105 million in unclaimed Premium Bonds, highlighting poor customer service, including issues with tracing lost accounts and handling bereavement claims; the bank missed customer satisfaction targets for several years and is facing criticism for outdated processes.
Progress
48% Bias Score
FCA's Car Finance Redress Scheme Faces Challenges Due to Paperwork Issues
The UK's Financial Conduct Authority (FCA) proposes a redress scheme for car finance mis-selling dating back to 2007, potentially costing £9bn-£18bn, but faces challenges due to missing paperwork and a Supreme Court ruling limiting claims; the FLA calls the scheme 'completely impractical'.
FCA's Car Finance Redress Scheme Faces Challenges Due to Paperwork Issues
The UK's Financial Conduct Authority (FCA) proposes a redress scheme for car finance mis-selling dating back to 2007, potentially costing £9bn-£18bn, but faces challenges due to missing paperwork and a Supreme Court ruling limiting claims; the FLA calls the scheme 'completely impractical'.
Progress
48% Bias Score
£18bn Car Finance Compensation for UK Motorists
The UK's Financial Conduct Authority will compensate millions of motorists up to £18 billion for overcharged car finance due to undisclosed commissions, with payouts starting next year following a Supreme Court ruling.
£18bn Car Finance Compensation for UK Motorists
The UK's Financial Conduct Authority will compensate millions of motorists up to £18 billion for overcharged car finance due to undisclosed commissions, with payouts starting next year following a Supreme Court ruling.
Progress
44% Bias Score
FCA to Pay £9-£13.5 Billion in Motor Finance Compensation
The UK's Financial Conduct Authority (FCA) will create a compensation scheme costing £9-£13.5 billion for thousands of motorists who bought cars on finance before 2021 due to firms' non-compliance with disclosure rules on commission payments, with payouts expected to start next year.
FCA to Pay £9-£13.5 Billion in Motor Finance Compensation
The UK's Financial Conduct Authority (FCA) will create a compensation scheme costing £9-£13.5 billion for thousands of motorists who bought cars on finance before 2021 due to firms' non-compliance with disclosure rules on commission payments, with payouts expected to start next year.
Progress
36% Bias Score
Barclays Fined £42 Million for Money Laundering Failures
Barclays was fined £42 million by the UK's Financial Conduct Authority for failing to adequately manage money laundering risks related to its dealings with Stunt & Co and WealthTek, both subject to criminal investigations, despite warnings from law enforcement.
Barclays Fined £42 Million for Money Laundering Failures
Barclays was fined £42 million by the UK's Financial Conduct Authority for failing to adequately manage money laundering risks related to its dealings with Stunt & Co and WealthTek, both subject to criminal investigations, despite warnings from law enforcement.
Progress
52% Bias Score
FCA Fines Woodford \£45.89 Million for Fund Collapse
The FCA fined Neil Woodford \£5.89 million and his firm \£40 million for mismanagement of the Woodford Equity Income fund, which collapsed in 2019, leaving approximately 300,000 investors with significant losses; the fines are considered insufficient compensation by many victims.
FCA Fines Woodford \£45.89 Million for Fund Collapse
The FCA fined Neil Woodford \£5.89 million and his firm \£40 million for mismanagement of the Woodford Equity Income fund, which collapsed in 2019, leaving approximately 300,000 investors with significant losses; the fines are considered insufficient compensation by many victims.
Progress
52% Bias Score
Supreme Court Ruling Cuts Car Finance Compensation Costs, Boosts Bank Shares
The Supreme Court's ruling on car finance compensation lowered the estimated cost from £44 billion to £9-£18 billion, causing a surge in bank shares like Lloyds (up 9 percent) and Close Brothers (up 23.5 percent), while the FCA will consult on a new compensation scheme.
Supreme Court Ruling Cuts Car Finance Compensation Costs, Boosts Bank Shares
The Supreme Court's ruling on car finance compensation lowered the estimated cost from £44 billion to £9-£18 billion, causing a surge in bank shares like Lloyds (up 9 percent) and Close Brothers (up 23.5 percent), while the FCA will consult on a new compensation scheme.
Progress
52% Bias Score
UK Supreme Court Rules on Unfair Car Finance Deals, Shifting Redress to Regulators
The UK Supreme Court ruled that while car finance deals were unfair, redress is the responsibility of regulators, not the judiciary; the Financial Conduct Authority (FCA) will now create a compensation scheme costing potentially £18 billion for loans since 2007.
UK Supreme Court Rules on Unfair Car Finance Deals, Shifting Redress to Regulators
The UK Supreme Court ruled that while car finance deals were unfair, redress is the responsibility of regulators, not the judiciary; the Financial Conduct Authority (FCA) will now create a compensation scheme costing potentially £18 billion for loans since 2007.
Progress
40% Bias Score
FCA to Pay £9bn-£18bn in Car Finance Compensation
The UK's Financial Conduct Authority will launch a redress scheme costing banks £9bn-£18bn to compensate millions of drivers for mis-sold car finance, impacting approximately 14.6 million contracts between 2007 and 2020 due to unlawful discretionary commission arrangements.
FCA to Pay £9bn-£18bn in Car Finance Compensation
The UK's Financial Conduct Authority will launch a redress scheme costing banks £9bn-£18bn to compensate millions of drivers for mis-sold car finance, impacting approximately 14.6 million contracts between 2007 and 2020 due to unlawful discretionary commission arrangements.
Progress
40% Bias Score
UK Supreme Court Upholds Car Finance Commission Disclosure Ruling
The UK Supreme Court upheld a ruling requiring full disclosure of car finance commissions, potentially leading to billions of pounds in compensation for millions of consumers; the FCA will announce its redress scheme soon.
UK Supreme Court Upholds Car Finance Commission Disclosure Ruling
The UK Supreme Court upheld a ruling requiring full disclosure of car finance commissions, potentially leading to billions of pounds in compensation for millions of consumers; the FCA will announce its redress scheme soon.
Progress
40% Bias Score
City Analyst Jailed for £1 Million Insider Trading Scheme
A City analyst and his sister were jailed for six and five years respectively for making almost £1 million through insider trading while working from home during the COVID-19 lockdown, exploiting confidential information on 13 companies including Daimler, Jet2 and THG.
City Analyst Jailed for £1 Million Insider Trading Scheme
A City analyst and his sister were jailed for six and five years respectively for making almost £1 million through insider trading while working from home during the COVID-19 lockdown, exploiting confidential information on 13 companies including Daimler, Jet2 and THG.
Progress
60% Bias Score
Showing 1 to 12 of 26 results