SPACs On their way to UK
When the Financial Conduct Authority (FCA) made substantial changes to its rulebook last year in order to attract a slice of the SPAC (special purpose acquisition company) action, many of them thought that it could be a game changer. There was enough support for the move from those looking to sink money into SPACs. It […]
$475 MLN to resolve Mozambican scandal by Credit Suisse
Credit Suisse Group AG will pay about $475 million to American and British authorities for resolving the bribery and fraud charges relating to a $2 billion Mozambican corruption scandal. Its subsidiary pleaded guilty to a conspiracy charge in New York, U.S. and UK agencies. The settlement with the U.S. Securities and Exchange Commission (SEC), the […]
UK government, watchdog pledge action to protect cash
The British government has pledged to protect access to cash for vulnerable people. But this will intervene if cash machines face removal in some areas after a 40% cut in withdrawals last year as a result of the pandemic. The financial regulator quoted this statement. John Glen, the financial services minister told a webcast event […]