LCF pay-outs top £56m as claims process nears completion
- Thursday, 18 February 2021
- Articles
The Financial Services Compensation Scheme reported today that it has paid out just over £56.3m in compensation to 2,878 customers of collapsed mini-bond firm London Capital & Finance (LCF).
Read more...Editor’s Column: Could LCF have been spotted earlier?
- Friday, 12 February 2021
- Articles
There is little doubt that in 2018 the FCA’s call centre was in a mess. Demoralised, poorly trained staff were inundated with a barrage of calls from consumers, some of them angry and abusive, even racist and homophobic.
Read more...FCA missed early detection of 600 LCF ‘red flags’
- Monday, 08 February 2021
- Articles
Shortcomings at the FCA call centre meant the watchdog failed to take early action on the failed mini-bond firm London Capital & Finance (LCF) despite over 600 calls from worried clients.
Read more...Bailey to be grilled by MPs on LCF fiasco
- Monday, 08 February 2021
- Articles
Bank of England Governor Andrew Bailey, former CEO of the FCA, is due to be grilled today by MPs about regulation of the £236m failed mini-bond firm London Capital & Finance.
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