UK watchdog hits Bank of London with new client freeze
Lossmaking fintech was fined £2mn for misleading regulators about its capital position
Lossmaking fintech was fined £2mn for misleading regulators about its capital position

Fintech, where Peter Mandelson and Harvey Schwartz were board members, is given £2mn penalty by Bank of England

US bank says recommendation has been withdrawn ‘based on a review of new information’

Clients asking banks to review number of staff that have to be informed about live transactions

HSBC and Barclays executives tell House of Lords committee that they are losing ground to US rivals

Regulators gain more flexibility if ‘bail-in’ process is required in response to a crisis

Rare dispute emerges after watchdog proposes to boost liquidity for groups such as Jane Street and Citadel Securities