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30 Million Financial Policies to be Investigated


Around 30 million insurance company policies are to be investigated by The City regulator to determine whether or not customers are being made subject to "unfair" conditions.


Bank of England Agrees Chinese Currency Deal


The Bank of England (BoE) has agreed a deal with the People's Bank of China (PBoC) to make London a hub for Chinese currency deals.


Standard Life Buys Asset Management Firm for 390m


Edinburgh-based pensions and insurance company, Standard Life, has announced the purchase of Ignis Asset Management from the Phoenix Group for 390million.


Santander Fined 12.4m by FCA


Santander UK has been fined 12.4m by The City regulator, the Financial Conducts Authority (FCA).


London Benefiting From Financial Technology Investment


Global investment in financial-technology ventures has more than tripled from $928 million in 2008 to $2.97 billion in 2013 and, over the past three years, such investment increased at more than four times the rate of overall venture-capital investment, according to a new report by Accenture.


Candy Crush Creator Valued at $7bn


The creator of the popular mobile game Candy Crush Saga, King, has been valued at $7bn (4.2bn) after floating on the New York Stock Exchange.


Lloyds Share Sale Raises 4.2bn


The government has raised 4.2bn from the sale of a 7.8% stake in Lloyds Banking Group.


Royal Mail to Cut 1,600 Jobs


Royal Mail has announced it plans to cut 1,600 jobs in an attempt to cut costs.


Co-op to Raise Further 400 Million


The Co-op Bank will attempt to raise a further 400m in new shares after it discovered another hole in its finances.


UK Bond Trader Fined for Attempted Market Rigging


A trader in UK government bonds has been fined for trying to rig the market, by the Financial Conducts Authority (FCA).


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