It said it would work with the OFT and Financial Services Authority to create a new framework for fairer bank charges, but warned it would take action if a voluntary agreement with the banks could not be reached. Martin Lewis, creator of …
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Richard and Judy – Daily Express
July 27, 2007: The OFT and seven banks and a building society announce they are jointly bringing a test case to the High Court to establish the law on unauthorised overdraft charges. The Financial Services Authority (FSA) issues a waiver allowing …
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Bank charges ruling: timeline of main events – Daily Telegraph
Interfering with bankers’ contracts is a “dangerous route to go down”, a former chairman of Royal Bank of Scotland has told the BBC. Sir George Mathewson said that he thought the Financial Services Authority (FSA) already had enough powers to …
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Bonus crackdown plan ‘dangerous’ – BBC Business
Gordon Brown promised a “transformation” of the way the financial sector is policed as the centrepiece of Wednesday’s Queen’s Speech. A Financial Services Bill will offer tough new powers to City regulators to tear up bankers’ contracts if they …
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Brown promise to ‘transform’ the policing of financial sector – Belfast Telegraph
CITY regulators are to be given new powers to tear up bankers’ contracts if they include excessive pay and bonus deals that might threaten the stability of the financial system. The measures come in a Financial Services Bill that is to be the …
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Bankers’ ‘ludicrous’ contracts will be torn up – Scotsman
Gordon Brown promised a ‘transformation’ of the way the financial sector is policed as the centrepiece of Wednesday’s Queen’s Speech. A Financial Services Bill will offer tough new powers to City regulators to tear up bankers’ contracts if they …
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Bankers face having contracts torn-up if bonuses threaten ’stability … – Daily Mail
City regulators are to be given powers to tear up bankers’ contracts to stop them receiving payments which could cause instability in the financial system, Chancellor Alistair Darling has said. A Financial Services Bill to be unveiled in Wednesday’s …
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DARLING PLANS CURBS ON BANK BONUSES – Daily Star
City regulators are to be given powers to tear up bankers’ contracts to stop them receiving payments which could cause instability in the financial system, Chancellor Alistair Darling has said. A Financial Services Bill to be unveiled in Wednesday’s …
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Darling plans curbs on bank bonuses – The Guardian
City regulators are to be given powers to tear up bankers’ contracts to stop them receiving payments which could cause instability in the financial system, Chancellor Alistair Darling has said. A Financial Services Bill to be unveiled in Wednesday’s …
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Darling plans curbs on bank bonuses – The Guardian
The Financial Services Authority takes over regulation of the way banks treat their customers, bringing new service rules into force. Under the reforms, account holders could expect swifter transactions and account corrections, but bank charges are …
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UK banks subject to rules reforms – BBC Business
