HSBC overdraft rate to quadruple for some customers

Eight million users will pay more for going into the red after FCA’s borrowing shakeupAbout 8 million HSBC customers are to have their overdraft rate doubled – and in some cases quadrupled – to 39.9% as it becomes the biggest UK bank so far to respond …

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Daily Mail owner buys the i newspaper for £49.6m

DMGT will integrate some operations but appears to rule out editorial job cutsThe owner of the Daily Mail has bought the i newspaper and website for £49.6m as a new wave of media consolidation hits the UK national and regional newspaper market.Daily Ma…

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De La Rue shareholders suffer from a licence to print money

Debt soared at the banknotes-to-passports printer just as bonuses rocketed and business fell De La Rue warns its future is in ‘significant doubt’At De La Rue’s shareholder meeting in June, 48% of votes were cast against the banknote printer’s remunerat…

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FCA to ban promotion of mini-bonds to small investors

Chastened regulator moves to protect inexperienced investors ahead of Isa seasonThe City watchdog is to ban the promotion of speculative mini-bonds to small investors after facing severe criticism over its handling of the collapse of London Capital &am…

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Janus Henderson fined £1.9m for overcharging thousands of investors

Asset manager charged fees for active management customers did not receive, says FCAThe asset manager Janus Henderson has been fined £1.9m by the City watchdog for mistreating and overcharging thousands of ordinary investors in a controversial practice…

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