Victims of the LC&F scandal to share £120m compensation fund

Victims of the LC&F scandal to get most of their money back as Treasury announces £120m compensation fund By Lucy White For The Daily Mail Published: 21:50 BST, 19 April 2021 | Updated: 21:50 BST, 19 April 2021 Victims of the London Capital & Finance savings scandal have hailed a ‘hallelujah moment’ after the Government … Read more

Don’t count on us to prevent another LCF scandal, says FCA boss

Don’t count on us to prevent another LCF scandal, says FCA boss as he admits watchdog is ‘too risk adverse’ By Lucy White For The Daily Mail Published: 22:02 GMT, 1 March 2021 | Updated: 22:02 GMT, 1 March 2021 The City watchdog is too risk-averse, its boss admitted yesterday – as he outlined plans … Read more

Andrew Bailey rocked by extraordinary row over LCF savings scandal 

The Judge versus the Governor: Andrew Bailey rocked by extraordinary row over LCF savings scandal By Lucy White For The Daily Mail Published: 23:04 GMT, 9 February 2021 | Updated: 23:04 GMT, 9 February 2021 Andrew Bailey’s reputation has been dealt a serious blow after a row erupted between the Bank of England Governor and … Read more

ALEX BRUMMER: Bailey’s anger at suggestion he was responsible for LCF

Andrew Bailey is not easily ruffled. The Bank of England governor has been in the furnace of enough crises to know that the best response is to keep calm and carry on. During his appearance before the Treasury Select Committee to answer questions on Dame Elizabeth Gloster’s damming report on the Financial Conduct Authority’s faulty … Read more

Andrew Bailey blasted over his ‘inadequate’ apology to LCF victims 

Bank of England governor Andrew Bailey blasted over his ‘inadequate’ apology to LCF victims By Lucy White For The Daily Mail Published: 22:07 GMT, 1 February 2021 | Updated: 22:07 GMT, 1 February 2021 Bank of England governor Andrew Bailey was  chief executive of the FCA at the time of the London Capital and Finance scandal … Read more

ALEX BRUMMER: Bailey deserves the benefit of the doubt over LC&F

As a rule, public servants rarely apologise, even when faced with world-class mistakes.  Montagu Norman never said sorry for putting Britain back on the gold standard in 1925 and there was no mea culpa from the late Eddie George over the Barings implosion in 1995. In that context, the apology by Andrew Bailey to bondholders … Read more

FCA under pressure to publish review into handling of the LCF scandal

FCA under pressure to publish review into its handling of the London Capital & Finance savings scandal By Lucy White For The Daily Mail Published: 22:20 GMT, 24 November 2020 | Updated: 22:20 GMT, 24 November 2020 The City watchdog is under pressure to publish a long-awaited review into its handling of the London Capital … Read more

LCF victims to find out if they will be able to claim compensation

London Capital & Finance victims to find out from this month if they will be able to claim compensation By Daily Mail City & Finance Reporter Published: 22:53 BST, 5 May 2020 | Updated: 23:40 BST, 5 May 2020 The Financial Services Compensation Scheme is looking at claims from 12,000 savers who bought mini bonds … Read more

LCF director accused of manipulating company accounts 

London Capital & Finance director accused of manipulating company accounts By Daily Mail City & Finance Reporter Published: 22:35 BST, 14 January 2020 | Updated: 22:35 BST, 14 January 2020 A director who was arrested in relation to the London Capital & Finance (LCF) scandal has been accused by a judge of manipulating his company’s … Read more