Executive plans to challenge findings of FCA inquiry and will be replaced by CS VenkatakrishnanBarclays chief executive Jes Staley is stepping down after an investigation by the City watchdog over his links to the sex offender and disgraced financier J…
Social media firms serve as gateway for scammers, says finance watchdog
FCA threatens action unless platforms such as Facebook, Twitter and Instagram do not toughen up against fraudstersSocial media sites such as Facebook and Instagram serve as a “gateway” for fraudsters, the City watchdog has warned, as it demanded they t…
UK insurers unready for stricter rules on price hikes, watchdog says
FCA says many firms unlikely to be prepared for changes coming into force in OctoberInsurers could face disciplinary action after the City watchdog said UK firms were not ready for stricter rules on price hikes on car and home insurance.The Financial C…
HSBC boosts bonus pool by 50% as profits more than quadruple
Bank helped by economic recovery from Covid-19 crisis in big markets including the UKHSBC has increased its bankers’ bonus pool by 50% after profits grew by more than fourfold in the second quarter, thanks to an economic rebound in key markets, includi…
Barclays shareholders to receive £800m as Covid payout curbs scrapped
Bank’s pre-tax profits rise to £2.6m in second quarter after lifting of most UK lockdown restrictionsCoronavirus – latest updatesSee all our coronavirus coverageBarclays shareholders are in line for a payout of more than £800m from dividends and share …