Category: Commission
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Close Brothers sets aside £165m amid car loan commission scandal
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Close Brothers announced that it will allocate up to 165 million pounds in its accounts in the first half to cover the potential costs of the law and compensation related to the scandals of the growing car financing committee. The FTSE 250 Looring revealed the ruling on an unprecedented update,…
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Gambling Commission seeks settlement with Richard Desmond over £200m lottery licence dispute
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The UK Gambling Commission is preparing to settle a £200 million legal claim from media tycoon Richard Desmond in relation to the award of a National Lottery licence, with the aim of resolving a dispute that has hampered technological upgrades. The UK gambling regulator is reportedly moving to settle a…
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Gambling Commission seeks settlement with Richard Desmond over £200m lottery licence dispute
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The UK Gambling Commission is preparing to settle a £200 million legal claim from media tycoon Richard Desmond in relation to the award of a National Lottery licence, with the aim of resolving a dispute that has hampered technological upgrades. The UK gambling regulator is reportedly moving to settle a…
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UK car finance industry faces major disruption as lenders halt deals over commission ruling
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Following a landmark Court of Appeal ruling, the UK car finance industry is facing major disruption as major lenders temporarily suspend new finance deals. The unexpected decision has placed lenders under greater liability for not disclosing commission payments, leading to urgent consultations with regulators and ministers to find a quick…
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Banks, stock brokers hits as CBK stops commission on bonds trade
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Kenya’s central bank will stop paying commission to stockbrokers, custodian banks and authorised securities dealers that help it sell treasury bonds from next month, cutting off hundreds of millions of shillings in revenue each year. The central bank paid selling agents – who act as intermediaries between the central bank…
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The European Commission is banning staff from free tickets for the Olympics, Euros and Eurovision
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Even if it would be nice to be offered something at no cost, the staff at the European Commission, the EU’s executive arm, can no longer accept it – whether it’s Olympic tickets or concert tickets. The commission reportedly told its staff in an email that it would ban the…
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European Commission President Ursula von der Leyen faces vote on her bid for second 5-year term
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Mike Corder and Jean-Francois Badia Published on July 18, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content STRASBOURG, France (AFP) – Ursula…
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EU Commission says no new EU country ready to join the euro By Reuters
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BRUSSELS (Reuters) – None of the six European Union countries that have not yet used the euro meet the criteria to join the euro zone, although Bulgaria was the closest, the European Commission said on Wednesday. Of the 27 countries that make up the European Union, Sweden, Poland, the Czech…
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Worldcoin Project Halted In Hong Kong By Privacy Commission
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The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has served an enforcement notice to Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, asking them to cease operations. The decision concludes the investigation that PCPD began in January 2024. Hong Kong suspends Worldcoin activities…