FCA

Banks should give £500 interest-free overdrafts credit card and loan payment holidays says FCA

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Britons struggling to repay their debts amid the coronavirus crisis could be given £500 interest-free overdrafts and get a three-month freeze on loan repayments under new proposals.  The Financial Conduct Authority (FCA) is asking banks to offer anyone unable to repay their overdraft as a result of the virus outbreak £500 interest-free.  Anyone hit financially … Read more

ALEX BRUMMER: At Bank of England, Andrew Bailey displays assertiveness he never discovered at FCA

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As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role.  In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more