the financial conduct authority says some 2.7 billion nuisance calls texts and e—mails were made overbe about 50 calls, texts and e—mails sent to every single adult in the country. many are made by companies offering to settle personal injury claims, or to claim back ppi, payment protection insurance. but, from now on, these companies will have to check first that the recipient has explicitly agreed to receive those calls and messages. companies that don't could face a fine of up to £500,000, and people are encouraged to report them to the ico, the information commissioner's office. some companies will see the new change in law and i think they will desist from the activity. when they don't, i'm afraid people are going to have to complain. the ico does need the information from people about these calls, and she will then tackle, use her powers and, slowly but surely, we will get on top of it and they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered.

talking about this decision by the securities and exchange commission, the equivalent of the financial conduct authoritye decision to sue the boss of tesla on charges he made these misleading statements in tweets. we talked about how damaging it is to the company, the shares have tumbled, but how damaging is it for elon musk personally? he has to acquit himself with the sec and come up with an absolutely bone a fight reason for why he was let down and why there was a change of mind —— bona fide. when he says there was a possibility of someone from saudi arabia coming in at... but he hadn't. i know, but he should have stepped up to the plate afterwards and said this was my idea, but it is not going to happen, but he didn't. to be fair, there was a statement released a few weeks later, tesla announced it would not go private, and a friday night press release, as we were talking, timing is everything, elon musk explained that funding for the deal had not in fact been secured and discussions had stalled in very early stages. but i think it was a fair period of time before the suggestion of the deal and the

the financial conduct authority estimates that 3.3 million people are in this position.s debt. he paid off eight and paying off in his debt. he paid off eightand a paying off in his debt. he paid off eight and a half thousand pounds. his monthly payments were £200 and mostly paying of interest. people up paying huge amounts, draining their finances and they are the ones that the financial conduct authority is targeting. it's about 10% of people on credit cards. there are about 30 million adults with credit cards and about 3.3 million will have persistent debts. that is a staggering number. absolutely staggering. if there are more than 3 million people with difficulties like this, what should they do? they should take advice that the sca is now giving and i have been giving on this programme for many years. if you this programme for many years. if y°u pay this programme for many years. if you pay the minimum, it can take 30 yea rs you pay the minimum, it can take 30 years to you pay the minimum, it can take 30 yea rs to pay you pay the minimum, it can take 30 years to pay

john griffiths joe johns and appoint him as the chairman of the financial conduct authority. or well what are you going to get on to that not to have to say the big four say they operate in the strictest standards before we get her bit more into the into those issues you mentioned psychopathy which is a criminal term often using gord's british medical journal says that austerity that ensued after the crash of your birth and lehman brothers. maybe by twenty one he will kill two hundred thousand people we talk about merced murder that's a gross underestimate. in the year or so after the banking crisis the united nations itself published a figure that proved that over one hundred million people around the world have been driven back into abject poverty by the banking crisis now the mortality statistics that means the number of extra people who darley as a result of poverty are somewhere around fifteen percent mark that means that the banking crisis killed more people about fifteen million the exact numbers not quite clear about fifteen million people which is more than any confl

the financial conduct authority says some 2.7 billion nuisance calls texts and e—mails were made over past year. that works out to be about 50 calls, texts and e—mails sent to every single adult in the country. many are made by companies offering to settle personal injury claims, or to claim back ppi — payment protection insurance. but, from now on, these companies will have to check first that the recipient has explicitly agreed to receive those calls and messages. companies that don't could face a fine of up to £500,000, and people are encouraged to report them to the ico — the information commissioner's office. some companies will see the new change in law and i think they will desist from the activity. when they don't, i'm afraid people are going to have to complain. the ico does need the information from people about these calls, and she will then tackle, use her powers and, slowly but surely, we will get on top of it and they will completely cease. campaigners, though, say the new rules do not go far enough. they won't, for example, stop calls from fraudsters and note, too, that

and financial conduct authority f.c.a. sent letters addressed to dear c.e.o. to insurance companies and banks the letter seeks us surance that management quote understands the risks associated with this transaction and are taking appropriate action now so that your firm can transition to alternative rates ahead of the end of twenty twenty one f. ca head andrew bailey said in july that executives should treat the end of why bore as quote something that will happen and they must be prepared for boom bust guest dr richard sandor previously joined us to discuss one of those alternatives amera bore here's what he had to say and it's all transparent it's regulated without a partner who is cboe who runs the board options exchange of god the board options exchange we wanted to create a transparent regulated competitively determined benchmark that everybody would think was fair and represented the real cost of money. and as the united kingdom continues in a pretty precarious place related to bret's that with some like i.m.f. managing director christine lagarde warning

the financial conduct authority. they are tough. up to the plate and give them a really good account of himself because the share price fell 1196 himself because the share price fell 11% yesterday, it will fall again today, i would. we will leave it there. i know you are back with plenty more papers. see you soon. seven men accused of planning a major terror attack in the netherlands are to appear in court later on friday. police say the plot involved assault rifles and hand grenades. the men, with alleged links to the so—called islamic state group, are also suspected of having materials to make a number of car bombs. russell trott reports. these elite dutch specially anti—terrorist teams were taking a chances. footage released by police shows heavily armed officers with helicopter support moving in on a group suspected of plotting a major terrorist attack. execute as say seven men, armed and dangerous, were arrested. they are accused of tried to obtain assault rifles, handguns, explosive vest and materials to make several car bombs

the financial conduct authority says some 2.7 billion nuisance calls, texts and emails were made overhe past year. that works out to be about 50 calls, texts and emails sent to every single adult in the country. many are made by companies offering to settle personal injury claims, or to claim back ppi, payment protection insurance. but from now on these companies will have to check first that the recipient has explicitly agreed to receive their calls and messages. companies that don't will face fines of up to £500,000, and people are encouraged to report them to the information commissioner's office. some company will see the change in law and desist from activity. when they don't, i'm afraid people are going to have to complain. the ico does need the information from people about these calls, and she will then tackle, use her powers and slowly but surely, we will get on top of it and they will completely cease. campaigners say the new rules don't go far enough. they will not for example stop calls from fraudsters, and note, too, that firms based overseas are not covered. the issue of

earlier this year, the bank's regulator, the financial conduct authority, said there had been widespreadtomers. it said rbs had given businesses misleading information and failed to support them properly. we got hit with charges of £10,000 a month, £2,500 for consultants. the interest rate went up straight away by 2.5%. but isn't this what happens if the business gets in trouble — you will lose the farm? i'm not accepting that. if we didn't get hit with the charges we did, we would still be on that farm and probably bigger and better than ever. rbs insists it provided the riddochs with extensive support and forbearance and that the bank itself lost more than £2 million when their business failed. it says the regulator found no evidence that it artificially distressed otherwise viable businesses, or that senior management behaved dishonestly, but campaigners say a lack of regulations means farmers are unprotected from complex loans that carry high fees. anthony stansfeld is the crime commissioner for thames valley police. they investigated a separate lending scandal at hbos for which six

earlier this year the bank's regulator, the financial conduct authority, said there had been widespreadsleading information and failed to support them properly. we got hit with charges of £10,000 a month, £3,500 for consultants. a month, £2,500 for consultants. the interest rate went up straight away by 2.5%. but isn't this what happens if the business gets in trouble — you will lose the farm? i'm not accepting that. if we didn't get hit with the charges we did, we would still be on that farm and probably bigger and better than ever. rbs insists it provided the riddochs with extensive support and forbearance and that the bank itself lost more than £2 million when their business failed. it says the regulator found no evidence that it artificially distressed otherwise viable businesses or that senior management behaved dishonestly, but campaigners say a lack of regulations means farmers are unprotected from complex loans that carry high fees. anthony stansfeld is the crime commissioner for thames valley police. they investigated a separate lending scandal at hbos for which six people were

. >>> and old mutual shares rocket to the stop of the stoxx 600 after the financial conduct authority dropped a probe into the company's treatment of customers. >>> we are just getting the announcement from the norwegian central bank about their monetary policy. central bank, this one has not really done anything, they kept the key policy rate at the current level. pretty much in line with expectations they were not expected to make any changes on monetary policy they're updating their growth and cpi forecast from what i can tell the core cpi forecast in 2020 is pretty much where they were before, unchanged. actually correction. i apologize. they have actually raised interest rates i was reading a different headline they kept the key policy -- justified it by saying they kept the key policy rate at the current level for too long, and this provided justification for raising the rate to a bit higher the rate is currently 0.75%, so they raised by 25 basis points they are justifying it by giving slightly higher growth projections than what they had previously envisioned. so that is the an

earlier this year the bank ‘s regulator, the financial conduct authority, said there had been widespreadiled to support them properly. we got hit with charges and £10,000 a month, £3500 for consultants, the interest rate went up by 2.5%. but isn't interest rate went up by 2.596. but isn't this what happens if the business gets in trouble, you will lose the farm? i'm not accepting that. if we didn't get hit with the charges we did, we would still be on that farm and bigger and better than ever. rbs insists it provided extensive support and forbearance and that the bank itself lost more than £2 million when their business failed. it says the regulator found no evidence that it art —— artificially distressed otherwise viable businesses or that management behaved dishonestly but regulators say a lack of regulations means farmers are unprotected from complex loa ns farmers are unprotected from complex loans that carry high fees. the crime commission for thames valley police investigated a separate lending scandal at hbos, for which six people were jailed last year. he's been looking into ongo

the financial conduct authorities says some 2.7 billion nuisance calls texts and emails were made overr. that works out to be about 50 calls, texts and emails sent to every single adult in the country. many are made by companies offering to settle personal injury claims, or to claim back ppi, payment protection insurance. but from now on these companies will have to check first that the recipient has explicitly agreed to receive those calls and messages. please do not face fines of up to £500,000, and people are encouraged to report them to the information commissioner's office. some company will see the change in law and desist from activity. when they don't, i'm afraid people are going to have to complain. the ico does need the information from people about these calls, and she will then tackle, use her powers and slowly but surely, we will get on top of it and they will completely cease. campaigners say the new rules don't go far enough. they will not for example stop calls from fraudsters, and note that firms based overseas are not covered. the issue of consent, they argue, is a re

in june, the financial conduct authority launched a formal investigation into the meltdown.sb said the it meltdown had cost £176.4m and pushed it to a half—year loss. i'm joined by our business correspondent, ben thompson. does that basically tell the story? some would say it has taken too long for him to go. as you said, april was when they'll all this began. thousands of customers locked out of accou nts thousands of customers locked out of accounts and worryingly able to see the details of other customer accou nts the details of other customer accounts and they said it simply took too long to put right. there are still ongoing problems and people are still struggling to get access to some accounts at the moment. tsb it says it is a small number but nonetheless, these problems still ongoing. you touched on some of the reasons why it has been such a fiasco and particularly because you will remember tsb was pa rt because you will remember tsb was part of lloyds, it was split up in 2013. tsb was created in 2014, floated on the stock market but then in 2015, was bought by a sp

little those people knew on the board, making these decisions and also the regulator, the financial conduct authorityt when they played the us national anthem. nike have chosen him as brand ambassadors, and there slogan is that in order to win sometimes you have to sacrifice everything. and he has not had a game in the nfl since he made that gesture. let's talk about what it means for nike. they are taking a political risk. this is politically dangerous commercially. what do you reckon? it is politically dangerous for nike. in the wake of this announcement colin kapaernick announced he would be one of the brand ambassador was celebrating their 30th anniversary of the just do it slogan, and then boycott nike became one of the top trending hash tags on twitter in the us. he was the leader of the movement. that angered a lot of conservatives, particularly president donald trump who put pressure on the nfl to rein in these protests, players were protesting what they said was racial injustice. as a result, the nfl changed its rules to say that if you did not want to stand during the national anthem, that

alternative to the prevailing cold the financial system a revolutionary way to conduct transactions without third party intervention no banks no central banks no government authorities except much rather the consultant to the advisors companies on creating their own crypto currency he also runs a group here in berlin for people interested in crypto currency use. it and i ask him if bitcoin has lived up to its revolutionary promise. first it was fighting against the banks the existing financial systems if you like the banks had already screwed everybody over and we almost had like massive catastrophe but right now this is a new type of financial instrument a new monetary system gave us the potential to maybe create something new bitcoin is the original crypto currency and i think right now it's been fascinating about how the old world economy has been catching up how old world investors have been catching up because we've gone quite a long. a full let's say more of the beginnings of cryptic currencies into what we're seeing now the only way the crypto really goes well is by integrating with the traditional world because they're started out as an anarchist project cry

alternative to the prevailing clover financial system a revolutionary way to conduct transactions without third party intervention no banks no central banks no government authorities. say much rather as a consultant to advise us companies on creating their own cryptocurrency he also runs a group you're involved in for people interested in crypto currency use. it and i ask him if bitcoin has lived up to its revolutionary promise. first it was fighting against the banks the existing financial systems if you like the banks had already screwed everybody over and we almost had like massive catastrophe but right now this is a new type of financial instrument and the monetary system gave us the potential to maybe create something new bitcoin is the original crypto currency and i think right now it's been fascinating about how the old world economy has been catching up how old world investors have been catching up because we've gone quite a long. a from that same war of the beginnings of encrypted currencies into what we're seeing now the only way the crypto really goes well is by integrating with the traditional world. and there started out as an anarchist project that c

authority to oversee lenders and conduct regular ensure banks can win or another crisis. institutions have been forced to increase their capital ratios. it also said of the banking union, a rubric for financial institutions in the eurozone to ensure a safer financial sector. despite these systemic changes eubanks last 10 years, reliance on bailouts persist. june $13 billion in taxpayer money has been permanently lost due to the bailing out banks. nonperforming loans are high across the eurozone, though these bad loans have decreased over recent years, the level is far higher than other major developed countries. years of eubanks and i have returned to precrisis levels and many are trading at a steep discount to the values of their assets. a healthy financial system is still far from reality for european banks, who fear another crisis looms. >> i feel are we are sleepwalking into the next government we either have the fiscal and monetary room to maneuver that we had in 2008 or nine and the willingness to take that action. >> 10 years may have passed, but for european banks, the financial scars remain. chris: the market is 10 years down. the last dayiday, of the trading week and european share

energy and shipping sectors and foreign financial institutions that conduct business with other designated iranian banks. we will aggressively enforce these authorities. you mentioned in your opening comments mohan air. when they want to move weaponry, money, foreign fighters it is by and large the airline they select for these operations. it's their covered air asset program. we need to go after it and we are going after general service providers and imposing secondary sanctions. and we have begun designating companies that foolishly remain intertwined. we did so in the case of malaysia. other actions are imminent. i find it objectionable that other countries continue to allow them to fly into their cities in the middle east. this is a matter we see eye to eye on and will continue to target. our efforts together with iranian economic mismanagement and corruption are already generating results. i show for the committee here today i think one of the most important financial metrics to keep your eye on in the coming days. that is the value of the iranian real compared to the u.s. dollar. we have never seen a precipitous drop like this. it is trading so

shipping sectors and foreign financial institutions that conduct business at the central bank of iran another designated iranian banks and will aggressively enforce these authorities. mr. chairman, neil mentioned in your comment mahan air. mahan is the choice for prez for us. trained by this by a march the airline may select for these operations. mr. covered air asset program. we need to go after mahan and we're going after general service providers imposing secondary sanctions. a very powerful tool in the thick of designating companies that foolishly remained intertwined with mahan air. alicia and other actions or eminem. i find it objectionable that certain countries who are close partners of ours continue to allow mahan to find to the middle east and so this is a matter we very much the item i own and will continue to target. our efforts together with iranian economic mismanagement and corruption arehe generating result in a show for the committee here today one of the most important financial metrics to keep your eye on in the coming days and thus the value ofir the iranian rial compared o the u.s. dollar. we've never seen a drop. the iranian rial is trading 1

sectors in foreign financial institutions that conduct business with the central bank of iran and other designated iranian banks. we will very aggressively enforce these authorities. mr. chairman, you mentioned in youran opening comments about mohammed air. that is the airline of force for their weaponry, foreign fighter fighters, they are by and large the airline they select for these operations. it's their covered air affect program. we need to go after them and we are going after general service providers imposing secondary sanctions. mention section 228. they are very powerful tool. other actions are imminent. i also find it objectionable that certain countries who are partners of ours allow them to fly into their cities in the middle east so this is a matter we very much see i to i own and we will continue to target. our efforts together with iranian economic mismanagement and corruption are already generating resultsna and i show for the committee here today, one of the most important financial metrics to keep your eye on in the coming days and that is the value of the iranian riel compared to the u.s. dollar. we have never seen a precipitous drop like this