09/18/2023

Bank of England readies what may be its final rate hike

Financial markets are less certain than economists – with rate futures last Friday showing a 25 per cent chance of a pause – but both are coming to the view that the streak of rises in borrowing costs since December 2021 is in its last days.

09/18/2023

Customers of collapsed WealthTek set for payout

The Financial Conduct Authority ordered the Newcastle-based wealth manager to cease all regulated activities in April following the discovery of regulatory and operational issues.

09/15/2023

Why the FCA could be restricting Raymond James

Dodgy tech systems, concerns over suitability, scrutiny over client cash controls, and anxiety over Raymond James’s ‘flexible’ model may have fed into the FCA’s restrictions.