the financial conduct authority was not happy with that.it collapsed at the end of january. its assets and then it collapsed at the end ofjanuary. as its assets and then it collapsed at the end of january. as well as the financial conduct authority, we are the serious fraud office is investigating. we have made four arrests. they have not named the people. they made those arrests in conjunction with the national crime agency, the city of london police, the serious fraud office took the lead and south—east organised crime unit. so a lot of people looking into this. experts have told the bbc that authorities are in denial about the practice of ‘breast ironing' — and that pe teachers need to be trained to spot it in young girls. breast ironing is when hot objects are used to press and destroy the breasts of girls as young as nine. it originates in west africa, but is happening here in the u.k. 0ur reporter amber haque has been to meet women in middlesbrough, birmingham and london — all speaking for the first time — about their experience of be

the financial conduct authority will limit how much interest customers pay to no more than the product'sprice. some firms had been charging much more. this week is the government's annual celebration of apprenticeships, national apprenticeships week. today we ask whether enough is being done to support and encourage young people into apprenticeships. charles parker is chief executive of the baker dearing educational trust. the trust supports university technical colleges, which are britain 5 first employer—backed schools. thank you forjoining us. can you explain exactly what a university technical college is? it is an academy which provides a technical education for children from 1a—19 yea rs education for children from 1a—19 years old, so we take the children at key stage four, and after 16, key stage five. we have been doing it for about eight or nine years, there are now around a8 of these utcs open in the country, and they take a license from my organisation, led by the great lord baker, whose idea this has been, and i am his man essentially, and my job this has been, and i am his ma

direct has a 30% stake in debenhams — its owner mike ashley yesterday complained to the financial conduct authorityrt of weather we are seeing across the country this afternoon, sunshine and showers. it follows the rain we had earlier on, which isjust about clears away from most of southern england, just hanging on in the south west. the clouds coming in behind that, and clouds over scotland. temperatures up to 13 in parts of southeast put england. not quite as windy as earlier on, they went slowing down, but only briefly, because they pick up again overnight as we get more wet weather coming in from the atlantic. the rain pushes into northern ireland, pushing eastwards. more showery rain over scotland, turning wintering over the hills as temperatures dip away. friday's weather looks similar to what we saw on thursday, another set of fronts doing the same thing, taking rain southwards and drawing ina taking rain southwards and drawing in a blustery, westerly winds. still damp and drizzly later on, brighter skies and sunshine, increasing numbers of showers northwards, and went and went in for a whil

the company collapsed injanuary following an investigation by the financial conduct authority into misleading four people in connection with the case. we can speak now to julianna lancaster who lost her life savings — over £100,000 — her retirement pot; in burnley is amanda cunningham who lost thousands in savings that she d set aside for her son; christine anderson in plymouth who also lost a substantial sum of money, and finbar 0 conell one of the administrators of london capital finance who 5 trying to find ways for investors to get as much of their money back. so what went wrong? people put huge amounts of money, often their life savings into what they thought was a protected bond. it had regulated i set status and determines that the people behind it were not intending to invest their money wisely and help them to get it back, let alone the interest. where has the money gone? 25% of it went to a company called serge which is the take on company which effectively assured the bondholders into london capital finance, and lcf then lent the money out, supposedly going to a number of small and

the financial conduct authority will limit how much interest customers pay to no more than the product'sd the good of the global car industry are in geneva for the annual motor show. it opens today. among the big issues this year — unsurprisingly — brexit and what it could mean for european car making. it follows recent decisions from nissan, honda and jlr to cut production and jobs. the latest is toyota. their boss told the bbc that a no—deal brexit would make building new models in the uk "extremely complicated', warning that preparations for a potential no deal have been very costly. theo leggett has been speaking to the boss at the geneva motor show. we will start with the theme of brexit, because carmaking is one of the big success stories in the uk, but we have heard all sorts of warnings, scene cuts in production and jobs, warnings, scene cuts in production andjobs, and warnings, scene cuts in production and jobs, and now the latest, speaking to you today, saying it could be really complicated. absolutely. this is completing a picture we have seen over the past couple of years. th

direct has a 30% stake in debenhams — it's owner mike ashley yesterday complained to the financial conduct authoritynother 5% of the company. watch this space as the retail saga continues. finally sterling — is still inching higher off its morning high but staying above 1.17 against the euro. that's all the business news. thank you, susanna. we are looking ahead to that vote scheduled at five o'clock in westminster. here in westminster, as you have seen over the last few days, you can gauge very much the mood of the place from the crowds that gather outside. pretty much split 50—50 of remainers and those who are pro—brexit. they are getting louder and louder have the —— as the voter gets louder and louder. the clouds are gathering too and darren bett can now tell us what will happen with the weather. more wet and windy weather to come. this cloud will bring some rain overnight as it did last night and early this morning. that is moving southwards and sunshine and showers are behind it. blustery winds as we head towards the end of the day but not quite as strong as it was this morning. we saw the clo

separate from this report that arebank commissioned, there investigations being conducted by the financial supervisory authoritiessweden. some are saying that is much more important than whatever swedbank can provide. the case is very far from closed. bank, itw from danske continues for an awful long time. ultimately, the u.s. department of justice and securities and exchange commission are investigating the case. ,att: thanks very much bloomberg's nordic managing editor talking to us about this wide-ranging money-laundering case. let's get a bloomberg business flash with debra mao in hong kong. has reportedly picked the new york stock exchange for its imminent ipo. bloomberg has learned it could take place in april and could devalue them as much as $120 billion. to floatd only have about 60% of shares to make the top five listings of all time. -- 60% of shares to make the top five listings of all time. that theyunderstands are not holding direct negotiations but that an italian lender is helping to resolve different. shareholders are set to vote on vivendi's request to remove five directors from the telecom ital

the financial conduct authority were not happy with that.raud office are arresting. they have made four arrests, they have not named the people. they made the arrests in conjunction with the national crime agency, the city of london police, the serious fraud office took the lead on it. a lot of people are looking into this. thank you for explaining all of that to us. a detective in the netherlands who is nicknamed the indiana jones of the art world has tracked down a painting by pablo picasso that disappeared 20 years ago. buste de femme was stolen on the french riviera from a yacht owned by a saudi sheikh in 1999. the painting is thought to be worth $28 million dollars. anna holliganjoins us from the hague. this extraordinary tale, something ofa this extraordinary tale, something of a thriller. indeed. some would say rather careless to leave a picasso masterpiece on your luxury yacht in the french riviera where it was undergoing a refurbishment. it had baffled detectives in france for two decades. the suspicion was it had been destroyed bec

the financial conduct authority said the industry practice of allowing dealers to set their own interestd ed's easy diner is to close 27 restaurants putting hundreds ofjobs at risk. boparan restaurant group says the brands will enter a company voluntary arrangement and close almost a third of their 87 restaurants. chinese telecoms giant huawei is fighting back. reports in the news that it is now set to sue the united states on the ban of its telecoms equipment. that comes at the same time that it's chief financial officer, instantly the daughter of the founder of yy is set to... she was arrested when she was in vancouver on suspicion of fraud and breaching us sanctions. she is still there and her extradition i am hearing is set for quite soon but she says now, her legal team say she is fighting back and suing the canadiens for wrongful arrest. let's talk this all through now. michelle, remind us about the huawai story because she was arrested on what charges and why? she was detained and it all has to do with whether she essentially misled the us government but also the us banks in terms

the financial conduct authority will limit how much interest customers pay to no more than the productham to austria if there is a new deal scenario and possibly closing the cowley plant in oxford which makes the many. warnings from both of those men. earlier our business correspondent talked to the boss of toyota. if it becomes more difficult in terms of duties or hurdles in trading, then it is very difficult to think about the future. of course short term we can overcome these problems with logistics or whatever but we need to think about what is the long—term effect if this is not materialising correctly? looking further down the line, burnaston is safe at the moment, it has work at the moment, but is there a chance that work could dry up in years to come? the long—term effect could be that if it is very negative that that outcome is possible, but of course we are still hoping. we have invested in our facilities there. we would like to avoid that by improving our competitiveness but if the hurdle is becoming so high that you cannot achieve that then of course you cannot avoid it. we