Natalie joined Money Marketing in June 2010 to cover protection, wraps and platforms, and technology, before moving to cover regulation and protection, and is now Head of News. She was previously senior reporter at Mortgage Strategy, after joining as reporter in 2008. Natalie won the Headlinemoney trade protection journalist of the year award for 2011, the Headlinemoney trade rising star of the year award for 2011, and the Protection Review protection journalist of the year award for 2011.
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Bank has to raise £400m after it found a number of redress and misselling issues following a past business review.
The FCA and FSA imposed individual fines totalling £35.5m in 2012 and 2013, compared to £20.1m over the previous two years.
Closed book provider says incident is a “self-inflicted wound” for the regulator.
- Co-op Bank posts £1.3bn loss; reveals £411m redress driven by mortgage failings
- FCA ignored Bank warnings on closed book probe
- FCA sets budget at £446m; advisers to pay third of costs
- FCA warns on biggest risk areas for 2014/15
- Royal London profits rise 24 per cent following Co-op deal
- What are the biggest market risks on the FCA's radar?
- FCA under fire over handling of closed book announcement