FCA
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The U.S. government is accusing Fiat Chrysler for cheating emission tests by hiding software in some of its SUVs and pickups with diesel engines. -
Former HBOS heads considers legal action against City regulators threatening proceedings against them
The former HBOS heads who are under probe by the FCA and PRA are considering legal action against the City regulations if they try to ban them from the financial industry. This may threaten the litigations against the former bank managers of the collapsed Bank that needed a £20.5bn taxpayer bailout. -
Barclays fined for lax crime checks in 'deal of century'
Britain's financial watchdog has fined Barclays (BARC.L) 72 million pounds ($109 million) for cutting corners in checking wealthy customers involved in a huge transaction described by one senior manager as potentially the "deal of the century." -
Deutsche Bank probes $6 billion suspected money laundering: source
Deutsche Bank AG (DBKGn.DE) is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told Reuters on Friday. -
Lloyds CEO bonus reduced after record fine by regulator
Lloyds Banking Group boss Antonio Horta-Osorio will forfeit 350,000 pounds ($536,000) in bonuses after the bank was fined 117 million pounds for failings in the way it handled complaints about mis-sold loan insurance. -
FCA review reveals shortcomings in general insurance sales
Britain's Financial Conduct Authority (FCA) has uncovered shortcomings in the sales of premium finance for general insurance following a review of more than 40 providers, the watchdog said on Monday. -
U.S. on track to reach deals on forex rigging as soon as May
U.S. authorities are on course to reach multi-billion-dollar agreements with five major banks over allegations of foreign exchange market rigging as soon as the second half of May, people familiar with the matter told Reuters on Friday. -
UK watchdog fines Bank of New York Mellon $185 million
Britain's markets regulator has fined Bank of New York Mellon (BK.N) 126 million pounds ($185.30 million) for failing to keep customer money safe during the financial crisis. -
UK bankers face 'reversed burden of proof' under new rules
Senior bankers will be presumed guilty until proven innocent under strict new rules proposed by British regulators seeking to hold individuals accountable for bank failures. -
UK watchdog warns banks over complex retail products
Britain's financial watchdog has told banks they are failing to meet standards on selling complex investment products and may have to compensate some customers, signaling that enforcement action could be on the cards. -
Bank of England may look into HSBC tax case
The Bank of England may look into allegations that Europe's biggest bank HSBC helped clients to avoid paying tax, a top BoE official said on Friday. -
Britain's Fraud Office launches probe into Tesco accounting scandal
Britain's Serious Fraud Office (SFO) has opened a formal criminal investigation into accounting errors at Tesco (TSCO.L), raising the stakes in a scandal that has hammered the reputation of the country's biggest grocer.
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