The Upper Tribunal's decision to delay hearings on legal challenges to the Financial Conduct Authority's motor finance redress program, in order to allow expert witnesses to give evidence and force the regulator to explain its calculations, ramps up uncertainty for lenders, lawyers warn.
The Upper Tribunal's decision to delay hearings on legal challenges to the Financial Conduct Authority's motor finance redress program, in order to allow expert witnesses to give evidence and force the regulator to explain its calculations, ramps up uncertainty for lenders, lawyers warn.
The U.K.'s financial regulators said Wednesday they have eased restrictions on mortgage lending, giving individual lenders room to offer larger loans relative to borrowers' incomes.
A software engineer has sued BitMEX, alleging that the cryptocurrency exchange and trading platform founded by Reform UK donor Ben Delo sold him unlicensed crypto-derivatives, leading to losses of more than £10 million ($13.2 million).
A Swiss commodities trader and its Dutch owner argued in a London court Wednesday that the company should not be sanctioned for trading in Russian oil, saying the decision was irrational because it had only traded on international commodities markets.
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliamentary committee Wednesday.
Financial rules must be better streamlined and more evenly implemented, the Financial Stability Board proposed Wednesday as it prepares a major report on international progress in modernizing the sector.
Maslow Capital said Wednesday it has provided a £238 million ($313 million) loan to a joint venture to fund student accommodation and affordable housing in south London.
European enforcers have approved Huggies maker Kimberly-Clark Corp.'s planned acquisition of Kenvue in a deal valuing the Tylenol parent company at $48.7 billion, conditioned on the sale of several feminine hygiene brands.
