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FCA chief defends car finance despite fears it could lead to next financial crisis

The head of Britain's financial watchdog has defended the use of car finance products despite widespread fears they could herald the next financial crisis. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said the growing popularity ... read more

Is the car finance bubble about to burst? Fears mount as Britain's leading sub-prime lender reveals it will close

Fears over the perilous state ... and use some of the same funders as The Car Finance Company. Consumer credit debt has topped £200billion for the first time since 2008, the year of the global financial crisis. A TCFC spokesman said it would maintain ... read more

'We will consider a pensions passport,' says financial watchdog. But don't miss out on a richer retirement NOW

the boss of consumer regulator the Financial Conduct Authority said radical steps were being considered to stop insurers making extra profits from retirees who failed to shop around for a pension income. Martin Wheatley, chief executive of the FCA ... read more

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Regulatory changes abroad hint at the DOL fiduciary rule's potential impact

The decline in advisers may be bottoming out, however; a recent FCA survey found that around 30% of firms expect to add advisers over the next year. In Australia, the enactment of the 2012 Future of Financial ... although that could lead to out-sourcing ... read more

LIVE MARKETS-Turning up the volatility dial: a heat map

Automated technology brings significant benefits but "can also amplify certain risks", the FCA report says. "In the absence of appropriate systems and controls, the increased speed and complexity of financial ... could be at play, especially in the US. "My ... read more

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Criticism of Democratic House Speaker Michael Madigan and Cook County Assessor Joe Berrios dominated a final forum of the party’s big field of attorney general candidates as they sought to display independence from leadership. But state Sen. Kwame Raoul ... read more

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From next year, any payout following an amalgamation would be taxed ... The tax office argued that the loan was income (and thus fully taxable), while the dividend could be paid only after coughing up the dividend distribution tax. To sidestep the tax ... read more

FTSE 250 closes at fresh record high and oil climbs on strong demand and uncertainty over Syria conflict

What happens next? The FCA and PRA have launched a joint investigation into Mr Staley, Barclays and its “systems and controls and culture relating to whistleblowing”. This probe could lead to Barclays ... to the financial crisis, after it failed ... read more

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

Others fear that the rapid decline of coal power stations could lead the government to pursue a ‘dash for ... faced “unprecedented challenges” as a result of the global financial crisis, and that those problems have still not gone away. read more

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