Martin Arnold

Decision by Financial Conduct Authority comes as regulators globally walk back on transparency on environmental issues

Securities regulators looking at use of legal exemption by world’s biggest crypto exchange

Joseph Molloy was convicted this year of using a ‘doughnutting’ scam to avoid paying for tickets

Chair of the Treasury select committee says chancellor cannot ignore global shift to lower capital requirements

Simon Andriesz blew the whistle on alleged wrongdoing at Cantor Fitzgerald-controlled brokerage

FCA seeks to avoid repeat of fund suspensions during market turmoil by restricting immediate access to investments in illiquid assets

Financial Stability Board says only US, UK, Japan and Hong Kong have a ‘credible public sector backstop’ to keep troubled lenders afloat before a sale or wind-down

Prime minister’s pledge is backed by tech groups but hedge funds and banks say it will damage competitiveness

Citigroup and Bank of America have restricted third-party AI agents from accessing customer accounts, citing security risks and uncertainty over liability for automated financial transactions. The moves follow growing concerns that AI assistants could transfer deposits into higher-yielding accounts, threatening banks' low-cost funding sources. JPMorgan Chase has also announced restrictions, while banking executives have raised concerns with Federal Reserve officials. Analysts warn that widespread AI-driven cash transfers could force banks to offer higher deposit rates, reducing profitability. Regulators reportedly support restrictions while questions about authorization and liability remain unresolved. Citi still permits limited, read-only account access through certain open-banking providers.