the bank of england is working with the fca to explore how they can revolutionise the way firms... potentially transforming the world of compliance. our open banking initiative will completely change the way in which consumers and small businesses engage with banking, helping them access better value and

and the fca has a big stick — it can impose unlimited fines on banks, it can fine individuals and ban the investigation could take more than a year, so it'll be a while before the full story is told of what went wrong at what mps today called the totally shambolic bank. simon gompertz, bbc news. the first of britain's new f—35 lightning stealth jets have landed at raf marham in norfolk this evening, where they will be based. four of the jets — each costing £100 million — made the journey from the united states today. five more are expected by the beginning of august. the defence secretary called them the most advanced jets in british history and said they were set to keep the country safe from the "gravest of dangers". that's a summary of the news. a stand—off in the cabinet as the brexit secretary lets resignation speculation run wild. friends say david davis is relishing his role as a political terrorist. germany's longest standing mp, former finance minister and current president of the bundestag tells me his fears for the future of the eu. today in this way, the management of migr

and the fca has a big stick.on banks, it can fine individuals, and ban them from working in the business. more than a month ago, we showed this essex delivery business, which couldn't pay staff from its tsb account. today the boss is still having to pay them from a personal account with another bank. consumer groups say even claiming compensation is a nightmare. the bank isn't clear enough about what it will do to put things right for people that have been suffering stress and inconvenience. the regulator is right to investigate, it must sort this mess out really quickly now. at one point, tsb admitted it was "on its knees". today directors face a grilling from mps on how they can get this bank up and running properly. simon gompertz, bbc news. and at 2.30, the commons treasury select committee is holding session on the service disruption at tsb — we'll bring you that live. you're watching afternoon live, these are our headlines: lawyers at the grenfell inquiry say the man who lived in the flat where the fire beg

and the fca has a big stick — it can impose unlimited fines on banks, it can fine individuals and bann a year, so it'll be a while before the full story is told of what went wrong at what mps today called the ‘totally shambolic bank'. simon gompertz, bbc news. time now for all the sports news in sport today. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: 10—time winner rafael nadal must come from a set down to reach the french open semifinals after rain curtailed the action on wednesday but one big name is definitely heading home — maria sharapova's thrashed by former champion garbine muguruza. and west indies bounce back to finish strongly on the opening day of their first test against sri lanka in port of spain. hello, and welcome to the programme, where we start with tennis news from the french open. the world's elite players are gradually being wittled down to the final few and we now know the semi—finalists in the women's draw, after victories on wednesday for simona halep and garbine mugaruza. but we'll have to wai

i think the fca made it clear to us that that was a software issue.any people have been affected by that? well, 370 people, to the best of my knowledge, have been affected by this. and i wouldn't describe it as a software issue. i would describe it as a failing in our service to those customers. i mean, it's deeply distressing. and once again he apologised unreservedly. you're watching wednesday in parliament with me, mandy baker. "men are demonised in the media and trashed as a waste of space." that's the thought—provoking view of one commentator for the times, who was giving evidence to the women and equalities committee. the committee is investigating sexual harassment. do you think that sexist attitudes portrayed on the media would have an effect on workplace culture for example? well, they may do. in that they normalise those sorts of behaviours. but there is a great deal of sexist attitudes in mass media against men. the casual demonisation of men. men are held up as the butt of ridicule. they are regularly trashed for being intrinsically stupid

and the fca has a big stick.limited fines on banks, it can fine individuals, and ban them from working in the business. more than a month ago, we showed this essex delivery business, which couldn't pay staff from its tsb account. today the boss is still having to pay them from a personal account with another bank. consumer groups say even claiming compensation is a nightmare. the bank isn't clear enough about what it will do to put things right for people that have been suffering stress and inconvenience. the regulator is right to investigate, it must sort this mess out really quickly now. at one point, tsb admitted it was "on its knees". today directors face a grilling from mps on how they can get this bank up and running properly. simon gompertz, bbc news. there have been fresh volcanic eruptions in guatemala, prompting a new wave of evacuations of people living on the slopes below. nearly 200 people are now believed to be missing, after the fuego volcano erupted on sunday, killing at least 75 people. attempts

and the fca has a big stick.fine individuals, and ban them from working in the business. more than a month ago, we showed this essex delivery business which couldn't pay staff from its tsb account. today, the boss is still having to pay them from a personal account with another bank. consumer groups say even claiming compensation is a nightmare. during this afternoon's hearing, mp nicky morgan — who chairs the treasury select committee — explained that one of tsb's business customers had £24,500 taken by fraudsters but he still doesn't have full access to his account. he tried to access the money on 15th may and couldn't log on to internet banking. meanwhile, telephone banking had problems identifying his identity because of the security questions and things not matching. so on 16th may, while he is on the phone to tsb, he gets a call on his mobile from someone purporting to be from business banking, offering him help to access the accounts. tsb staff advise him to take the call. 0bviously, he's so desperate that

. and the online banks to get more of a market going -- fca.u've got direct debits, standing orders, your wages, you need to tell your employer. too much hassle! the banks rely on that. literally! let's go to the express, which has a couple of extraordinary photographs from the fires in greater manchester. the one on the front page and then one on the inside page. both together, really apocalyptic. this is an iconic image. it is like something... a strange mixture, something out of blade runner. like a hollywood movie. a gas mask from the nineteen forties. she is carrying shopping. a remarkable image, shows how it's impacting on people's lives and it present probably hasn't had the coverage down here that it should have had —— it probably. coverage down here that it should have had -- it probably. we've been leading on it all day. the newspapers are just coming out with it because it's been going on for a few days and it's only now happening. it started on sunday. it is covering a four mile stretch of land, its extraordinary. it's amazing the p

and the fca has a big stick — it can impose unlimited fines on banks, it can fine individuals and bangation could take more than a year, so it'll be a while before the full story is told of what went wrong at what mps today called the totally shambolic bank. simon gompertz, bbc news. our top story this evening. the grenfell tower inquiry is told that the man who lived in the flat where the fire started lastjune had been too frightened to give evidence — even though he'd nothing wrong. and still to come... the unsung heroine being celebrated by welsh national opera. coming up on sportsday on bbc news, speaking for the first time since the ball—tampering scandal, australia are on english soil for the one—day series with a reputation to rebuild and a point to prove. this week across bbc news, we've been considering national identity within the uk — using exclusive research to look at questions of belonging, tradition and expectations. well, tonight, we take in the story from wales and scotland. our special correspondent allan little has this report on how the two nations see themselves,

and the fca has a big stick — it can impose unlimited fines on banks, it can fine individuals and ban could take more than a year, so it'll be a while before the full story is told of what went wrong at what mps today called the totally shambolic bank. simon gompertz, bbc news. the first of britain's new f—35 lightning stealth jets have landed at raf marham in norfolk this evening, where they will be based. four of the jets — each costing £100 million — made the journey from the united states today. five more are expected by the beginning of august. the defence secretary called them the most advanced jets in british history and said they were set to keep the country safe from the "gravest of dangers". a huge fire broke out this afternoon at a luxury hotel in central london just a week after major renovations had been completed. 120 firefighters tackled the flames on the roof of the mandarin oriental hotel in knightsbridge. the five star hotel has just undergone its most extensive restoration in its 115—year history, according to its owners. the huge plumes of smoke could be seen from

for more on this, we're joined by the fca's chief executive andrew bailey. which the country is banked. the discord because in many ways we have more banks than we have ever had before, many being online. does that mean we are not really catering for a large number of people in the country? what we show is even pro—urban divide. —— a rural — urban divide, in the way people feel about financial services and bank access. people in areas sometimes feel more confident than people in urban areas will have more debt but in terms of direct access to financial services people in rural areas have less of it. that's partly a story of closing bank branches but also internet access. to the extent that people who don't have access to branches rely more on online banking and it's depends on access to the internet. what do you do about it?” depends on access to the internet. what do you do about it? i think a number of things can be done. i think one thing that can be done is promoting the fact that there's an to direct access to bank branches which is the post office need

the bank of england is working with the fca to explore how they can revolutionise the way firms...hange the way in which consumers and small businesses engage with banking, helping them access better value and more targeted services. our fin tech sector strategy sets out to ensure that britain remains the best place in the world to set up and grow a fin tech business. and last week we launched british patient capital, a £2.5 billion public investment as pa rt £2.5 billion public investment as part of our plan to unlock £20 billion of new finance for uk growth companies over the next decade. and it's not just fin companies over the next decade. and it's notjust fin tech, as the lord mayor said, we're leading the way in green finance two. this is important for london as a financial centre, but also important for our planet. the uk already leading the charge in this market, with 80 green bonds listed here in london raising more than $2a billion across seven currencies. but if we collectively are going to meet our global climate goals, we will need to mobilise another $90 trillion by 2

the fca look at this and recognised charges, while very important, are quite difficult to sometimes understand and not all of us are comfortable with percentages. now we are going to do it in pounds and pence, how much we actually going to be paying, and then we are in a much better position tojudge be paying, and then we are in a much better position to judge of it good value for money or not. yes, give them investment support, put the money in pounds and pence and then we can take advantage of these freedoms. thanks very much. bp is buying the country's biggest provider of public charging points for electric cars. it's called chargemaster. it has about 6,500 public charging points and actually builds the charging systems themselves. bp may in most people's minds be just an oil company. this move suggests it might be trying to be something more. i'm joined now by our transpoprt corrspondent victoria fritz victoria, i'm in the bp doing something like this not long ago about being into renewables. that came to nothing, didn't it? it was ten yea rs came to nothing, didn't it? it was ten years ag

in a letter to the treasury select committee, the fca says at the height of the crisis, paul pester gaveimistic view of services which was too positive. and to customers the bank was not open and transparent, claiming the vast majority could not use their online accounts, when only half could. there's particular concern about an increase customers impacted by fraud. not all of them have receiving refunds from tsb as quickly as they're supposed to. today, tsb‘s directors will face intense questioning from mps on the failures. the bank says it's focused on restoring operations to the level customers expect and making sure they're not left out of pocket. simon gompertz, bbc news. the conservative party has been accused of ignoring islamophobia within the organisation by the chair of it's own muslim forum. mohammed amin said the party was perceived as being "anti—muslim" and had prioritised electoral concerns rather than taking "decisive action". ben wright is in westminster this morning: what more do you tell us on how significant? it is significant and gives a sense of a growing concern wi

ford although smart money if you wanted to invest in auto stocks havert butould haven we don't been fcaat chrysler they almost doubled their value over the course of the past year. ashley: not bad and impressive numbers for gmver the last year jeff flock thank you very much nice yellow car behind him. very cool. let's take a look at the markets for you as we mentioned the dow still up about 20 points but try to at least fight back to the flatline if you like the s&p up just a fraction of the nasdac also up half a percent at 76.92 with about half an hour to go before the end of the trading day. and historic summit with north korea is in the books as es trump declares a new chapter thewo nations, but is he too quick to jump on the victory train? well, coming up next a north korea expert for nearly two decades of experience under his belt will tell us if he believes kim jong-un will actually live up to his promises coming up next on the "countdown." baby boomers, here's something you should know. there's a serious virus out there that 1 in 30 boomers has, yet most don't even know it. a vir

in a letter to the treasury select committee, the fca says at the height of the crisis, paul pester gavemistic view of services, which was too positive. and to customers, the bank was not open and transparent, claiming the vast majority could use their online accounts, when only half could. there's particular concern about an increase in customers impacted by fraud. not all of them receiving refunds from tsb as quickly as they're supposed to. today, tsb's directors will face intense questioning from mps on the failures. the bank says it's completely focused on restoring operations to the level customers expect and making sure they're not left out of pocket. simon gompertz, bbc news. our business presenter sally bundock is here. give us some more detail on what the sca is really concerned about. give us some more detail on what the sca is really concerned aboutm quite an unusual move on the part of andrew bailey, who is in charge of the financial conduct authority. what he's saying is we would normally tackle this kind of thing not in the public eye, but he is coming out in public to say,

it comes as the financial watchdog, the fca, has begun a full investigation into the failure of onlinester, has been facing questions from mps, and said he wanted to apologise to all those those who were targeted by fraudsters when the bank had its computer meltdown. i'm deeply sorry to say that i think theissues i'm deeply sorry to say that i think the issues we've created is a co nsta nt the issues we've created is a constant sort of migration with an opportunity that was exported by criminals to target tsb customers. it's a very sad fact that whenever banks go through changes tend to target customers but in particular we saw it as very aggressive and soon after, about a week after migration. this is 0utside source live from the bbc newsroom. 0ur lead story is rescuers have now reached the worst—hit areas after guatemala's volcanic eruption, where whole villages are covered in ash. 75 people are now confirmed dead. other stories from around the bbc newsroom. a prominent british—pakistani political commentator was briefly abducted by a group of men last night in lahore. gul bukhari's

impose unlimited fines on banks and on individuals and banned them from working in the business —— the fcahroughout her life for change, margaret haig thomas died before women entered the lords for the first time in 1958. quite the activist. she was imprisoned in 1913 after blowing up a post box in her home town of newport. and then went on hunger strike while in prison until she was eventually released. this summer her story will be brought back to life by the welsh national opera. our wales correspondent, sian lloyd, reports. # she was a newport suffragette, she led that plucky crew...# celebrating the life of lady rhondda. opera singing. the largely forgotten story of this welsh suffragette and pioneering businesswoman is being brought to life in music hall style by an all—female cast and crew. so many adventurous things, so many wonderful, unbelievable, incredible things that you could hardly even make up, seem to have happened to her in her life, and it was absolutely perfect materialfor an opera. her life was remarkable in many respects. she survived the sinking of the lusitania when

ever consider the worst that you would lose your job >> first, i accept the conclusion arriv at by the fca and full report of the investigation, i think, is very fair, and balanced in totality the last year and a half has had its challenges we reduced the head count of barclays by 56,000 people. we sold 22 businesses around the world. we closed our retail banking business across africa and continental europe, et cetera, at the same time, we were charged and sued by the justice department over mortgage-backed securities sold in 2006 and 2007 on top of that, we were charged criminally by the british government around a capital raise in 2008. we have these lawsuits with the department of justice, with the british government, we have the restructuring, reorganization of the bank, we have this case of the letter, and to an extent, all that is behind us, and now we can look forward to running the bank and executing on our strategy we had a great first quarter, again, the group results, and ex-litigation issues, double digit return for the shareholders, something not done in four years. the issue

in a letter to the treasury select committee, the fca says at the height of the crisis, paul pester gavew of services, which was too positive. and to customers, the bank was not open and transparent, claiming the vast majority could use their online accounts, when only half could. there's particular concern about an increase in customers impacted by fraud. not all of them receiving refunds from tsb as quickly as they're supposed to. today, tsb‘s directors will face intense questioning from mps on the failures. the bank says it's completely focused on restoring operations to the level customers expect and making sure they're not left out of pocket. simon gompertz, bbc news. let's get more on this from our personal finance reporter kevin peachey. kevin, the financial regulator investigating tsb, what can it do? it has powers for unlimited fines and when we solve an investigation like this after the computer problems at rbs in 2012, they find them £56 million. it can look into this situation, which happens six weeks ago when the information from customers was switched from the old computer

and the fca is trying to encourage the listing here.is all about how you protect minority shareholder rights. just to ensure that minority shareholders will be protected. we have got terrific governance in the u.k. despite headlines, globally, good corporate confidence. the asset management and specifically wants to make sure that is maintained. lucy: exactly right. short-term commercial expediency is a big deal, but at the same time, long-term reputation is important. missine: are the rules to this company in the u.s. more stringent or the they choose london because of the unpredictability of the current white house? stuart: there is an element of that, and the problems of the 9/11 lawsuits. moving as you start assets in the u.s., you have the potential of opening up to a liability for their. clearly, that has to be a factor. francine: do we have an idea of a timeline of when they would list international? stuart: short answer is no. the indication we have had is 2019, but then again, we got an indication it would be this year. to be f

we want to work with fca to improve the system as it stands. thank you very much.ce are warning about the dangers of swimming in open water, in the hot weather, after a man drowned in a lake in nutfield. the man's body was found in mercers park yesterday evening. police say they had received several calls throughout the day about people swimming there and behaving anti—socially. the death is not being treated as suspicious. legal challenges are likely to follow the decision to approve plans to expand heathrow airport. 415 mps voted to support expansion — while a hundred and nineteen voted against. among them — london mps who have long been against a third runway — including zac goldsmith, justine greening and greg hands. fierce opponent borisjohnson — missed the vote — because he was at a meeting in afghanistan westminster council says it may need to review some market traders' licences because of the cost of clearing up. it says it's also looking at increasing prices because they are running at a loss of three hundred thousand pound. traders are opposed and say th