Tag #Uk Finance

Showing 13 to 24 of 26 results

theguardian.com
🌐 85% Global Worthiness
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FCA Failed to Investigate Staley-Epstein Ties Initially, Later Bans Staley

Following assurances from Barclays Chair Nigel Higgins in August 2019 that Jes Staley had "no particular relationship" with Jeffrey Epstein, the FCA did not immediately investigate, but later banned Staley in 2023 after discovering a close personal and professional relationship between Staley and Ep...

Progress

44% Bias Score

Peace, Justice, and Strong Institutions
bbc.com
🌐 85% Global Worthiness
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Bank of Ireland Reserves €172m for UK Car Finance Mis-selling

Bank of Ireland set aside €172m (£142m) for UK car finance mis-selling compensation following an FCA inquiry into hidden charges, impacting its 2024 profit (€1.9bn) while its UK division showed a 27% profit increase to £303m.

Progress

28% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Saba Capital Shifts Tactics, Targets Four UK Investment Trusts

Boaz Weinstein's Saba Capital is pushing to convert four UK investment trusts (CQS Natural Resources, European Smaller Companies Trust, Middlefield Canadian Income, and Schroder UK Mid Cap Fund) from closed-ended to open-ended funds to eliminate the discount between their share prices and asset valu...

Progress

60% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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TSB Error Leads to Closure of Santander Accounts

Due to TSB's error in placing three fraudulent markers on RL's name, Santander closed RL's five accounts, causing significant financial issues and the cancellation of a home extension; after eight months and a journalist's intervention, the accounts were reopened, but compensation offered is conside...

Progress

44% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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£28 Billion Motor Finance Mis-selling Compensation Bill Looms

The Court of Appeal's ruling on unlawful commission payments in motor finance deals could cost lenders £28 billion in compensation, impacting firms like Lloyds Banking Group (£4.2 billion) and Close Brothers Group (£460 million), with a December 4th deadline for final responses to complaints.

Progress

36% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Saba Capital Targets Seven U.K. Investment Trusts

Saba Capital Management, a \$5.5 billion hedge fund, is launching a campaign to replace the boards of seven U.K. investment trusts due to poor performance and large discounts to net asset value, totaling a \$1.9 billion investment.

Progress

44% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Staley Challenges UK Regulator's Ban Over Epstein Ties

Former Barclays CEO Jes Staley is challenging a UK financial regulator's ban stemming from allegations he misled them about his relationship with Jeffrey Epstein; this two-week court case will involve high-profile witnesses and thousands of emails detailing a close relationship, including discussion...

Progress

52% Bias Score

Peace, Justice, and Strong Institutions
theguardian.com
🌐 85% Global Worthiness
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UK Lenders' Advance Commissions in Motor Finance Scandal

UK court documents reveal that lenders paid millions in advance commissions to car dealerships, potentially leading to consumers being pushed into costlier loans; the scandal is projected to cost lenders \£44bn.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Inheritance Tax Expansion to Pension Death Benefits in 2027

Starting April 2027, UK inheritance tax will extend to most pension death benefits, impacting inheritance plans for many families; exceptions include spouses and dependent children under 23 or with health-related dependencies; delays in payouts are anticipated.

Progress

52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Janus Henderson Rejects Saba Capital's Takeover Bid for London-Listed Trusts

Janus Henderson and Baillie Gifford are urging investors to reject Saba Capital's takeover bid for seven London-listed investment trusts, citing self-serving motives and potential risks to shareholder investments; votes are scheduled for February 4th and 5th.

Progress

52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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This is Money's Consumer Champion Recovers £1.44 Million for Readers in 2024

In 2024, This is Money's consumer champion, Helen Crane, recovered £1.44 million for readers, addressing issues with banks, energy firms, insurers, and parking companies, exposing systemic problems and advocating for better consumer protections.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Nationwide Injects £650 Million into Virgin Money's Clydesdale Bank Post-Takeover

Nationwide injected £650 million into Virgin Money's Clydesdale Bank following its £2.8 billion takeover, creating Britain's second-largest savings and loans group; £250 million covered Sir Richard Branson's brand licensing agreement, while the rest addressed Clydesdale's lower capital ratios.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 13 to 24 of 26 results