News Tag: ban
July 2, 2009
A series of measures to assist people facing difficulties with debt as well as the termination of credit card cheques are set to be unveiled by the Government.
The Consumer White Paper is set to be launched by Consumer Affairs Minister, Kevin Brennan, at an event in London, held by consumer group Consumer Focus.
According to Mr Brennan, the new ...
Government announces measures to tackle debt and protect consumers
by Kay Murchie
June 1, 2009
The Financial Services Authority (FSA) has banned lenders from selling payment protection insurance (PPI) alongside unsecured personal loans.
Starting today, banks and other loan providers are no longer allowed to sell PPI, the FSA has ruled.
“No firms will be selling single premium PPI on unsecured personal loans from today following FSA intervention and action with the industry,” the FSA said.
The decision follows ...
FSA bans lenders from selling PPI
by David Masters
January 6, 2009
The Financial Services Authority (FSA) says it will lift a ban on short selling stocks in 34 companies in the UK banking and insurance sector, on 16th January.
The ban was introduced as a temporary measure in September of last year, when short selling was blamed for a downward spiral in HBOS’s share price, the driving force behind its hasty merger ...
FSA to lift ban on short selling
by Kay Murchie
September 19, 2008
The FTSE 100 index gained 338 points (7%) in early trading today after the Financial Services Authority (FSA) announced a temporary ban on short-selling in financial stocks.
Banking stocks, which have suffered heavily this week due to the collapse of US investment bank, Lehman Brothers, rose following the news with RBS up 42%, HBOS up 36%, Lloyds TSB up ...
FSA announces temporary ban on short-selling in financial stocks
by Kay Murchie
