Banks may be required to identify victims and issue compensation automatically, eliminating the need for claims.
TSB fined £11m for putting customers ‘at risk of harm’
The UK’s financial regulator has fined TSB Bank £10.9m for failing to fairly treat customers in financial difficulty over six years.
FTX creditors to receive full repayment in positive resolution
FTX creditors are to be fully reimbursed following the collapse of the cryptocurrency exchange in late 2022.
UK charity associated with imprisoned cryptocurrency fraud suspect Sam Bankman-Fried ceases operations.
A charity promoting effective altruism, funded by the incarcerated Sam Bankman-Fried, known for his involvement in cryptocurrency fraud, is set to close in the aftermath of the FTX debacle.
Sam Bankman-Fried has been handed a 25-year sentence for cryptocurrency fraud.
Sam Bankman-Fried has received a 25-year prison sentence, with the judge citing his apparent lack of remorse and tendency to distort the truth.
Government Orders Amazon to Release Frozen Funds to Numerous Sellers
Kevin Hollinrake, the enterprise minister, has expressed serious concerns and instructed Amazon to release funds currently withheld from numerous merchants.
Starting next year, Amazon plans to begin online car sales.
Amazon has revealed plans to venture into online car sales starting next year. This new service will enable U.S. customers to select, customize, and purchase vehicles, with the option to
UK Households must pay at least £246m to cover Bulb bailout
Households are expected to bear the financial burden of at least £246 million to cover the costs of rescuing the failed energy provider, Bulb, as per warnings from MPs.
Sam Bankman-Fried faces trial over allegations of multi-billion dollar cryptocurrency misconduct
Sam Bankman-Fried faces trial today regarding claims of misappropriating billions from FTX cryptocurrency exchange users.
Does Crypto Still Have a Future?
The question above has been debated for as long as the first cryptocurrency “Bitcoin” has been alive. In fact, there is even a website tracking how many times newspapers have
UK Energy bills expected to fall by £150 from October
The forecast predicts the price cap to decrease to £1,925, yet wholesale gas costs are expected to remain higher than pre-crisis levels.
FTX founder Sam Bankman-Fried incarcerated following the withdrawal of his $250m bail.
The founder of the now-defunct cryptocurrency exchange, FTX, Sam Bankman-Fried, was incarcerated after his $250m (£197m) bail was rescinded due to accusations of witness tampering.