Is Facebook’s Libra currency a case of corporate megalomania? | Nils Pratley

The planned cryptocurrency has big questions to answer, not least on transparency and trust What is Facebook’s new Libra digital currency? A way to stop money-transfer companies exploiting the world’s poor by skimming off vast fees in cross-border tran…

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The Bank of England’s biggest problem? The City of London

Governor Mark Carney should use his Mansion House speech to tell the Square Mile it must stay on a short leashWhen the Bank of England’s governor, Mark Carney, addresses City grandees this Thursday at Mansion House in London, he could step outside his …

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FCA report into RBS branded ‘complete whitewash’ by critics

Report says watchdog will take no action despite evidence of mistreatment of business customers after 2008 crashA report by the City watchdog into the scandal at Royal Bank of Scotland’s turnaround unit has been described as a whitewash after the regul…

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Philip Green’s Topshop rescue deal still stands a chance | Nils Pratley

Intu may just say no to Arcadia’s CVA rent cuts but other waverers may fall into lineWe wait to see if, when push comes to shove, the holdout landlords really will vote against Arcadia’s demand for rent cuts for a second time. Intu is determined to say…

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Payday lenders being ‘bombarded’ by spurious claims

Compensation firms said to be looking for next big earner after PPI claims expireCompensation claims management firms looking for the next big earner after the PPI scandal have been accused of bombarding the much-criticised payday lending sector with c…

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Millions could pay more for energy under price cap tweak

Plan to change prepayment meter limit expected to raise bills by nearly £1 a weekFour million vulnerable households using prepayment gas and electricity meters could face higher bills under plans to tweak the energy price cap.A proposal from the Compet…

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Bank overdraft fees: all you need to know about the changes

Why the FCA is stepping in to make bank OD fees simpler, fairer and cheaperA major shake-up of bank overdrafts is on the way after the UK’s financial regulator said the market was “dysfunctional” and “causing significant consumer harm”.What’s happening…

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