FSCS sets aside £44m for LCF claims
- Thursday, 21 May 2020
- Articles
The Financial Services Compensation Scheme (FSCS) has blamed potential claims from the London Capital & Finance (LCF) mini-bond scandal for an additional £44m cost in its £649m 2020/21 budget.
Read more...FSCS warns many LCF claims will be rejected
- Tuesday, 05 May 2020
- Articles
The Financial Services Compensation Scheme has warned that it will reject many claims relating to the failed £236m mini-bond firm London Capital & Finance (LCF).
Read more...£45m mini-bond firm collapses after £236m LCF failure
- Friday, 24 April 2020
- Articles
Mini-bond firm Blackmore Bonds has collapsed this week owing £45m to investors in a move that echoes the recent failure of £236m mini-bond firm London Capital & Finance.
Read more...Law firm seeks judicial review of LCF bond debacle
- Friday, 20 March 2020
- Articles
Law firm Shearman & Sterling has applied for a judicial review into the FSCS’s handling of compensation for victims of the £236m London Capital & Finance mini-bond firm.
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