Another week and further disturbing developments in respect to the Blackmore Bond. Before proceeding, I am going to make my formal allegations here and now, front and centre. I have accumulated a substantial amount of evidence from multiple sources, and these allegations are now, in my opinion, the only conceivable Continue Reading
BBRS Spin & the Stephen Pegge reality
The BBRS spin machine is once again in full overdrive, evidenced by their promotion of an article published today in The Times. https://www.thetimes.co.uk/article/bank-complaints-how-to-use-the-business-banking-resolution-service-3cb902p2z It urges SME’s not to ‘self-exclude.’ I know of none that have, but also understand why so many have reservations and concerns. There are so many flaws, Continue Reading
Sajid Javid, FSA/FCA, HMT and the betrayal of 5,000 UK Businesses. What did Bailey and Glen know?
A year ago on February 13th 2020, Sajid Javid resigned as Chancellor of the Exchequer, the most powerful financial position in the UK Government. He claims that his resignation was out of loyalty to his staff. I do not neccessarily believe that the truth is not rather different, and related Continue Reading
To be or not to be ‘Sophisticated’. That is the question.
On May 20th 2015 the NYDFS (New York Department of Financial Services) fined Barclays $2.4 billion for a variety of wrongdoing in FX, and forced by the U.S. Department of Justice (DOJ) to plead guilty to Parent Level charges of criminality. It is important that EVERY UK banking customer reads Continue Reading
Treasury Select Committee Submission
As many of you will know the Treasury Select Committee (TSC) has issued a ‘call for evidence’ in respect to economic crime. I have today provided substantial evidence to the TSC in respect to the criminality and wrongdoing by Lloyds Banking Group and particularly their BSU and Board. Whilst I Continue Reading
BBRS = FOS 2.0
I recently produced a piece detailing my concerns with the BBRS (Business Banking Resolution Service). Those concerns were founded on fact and evidence, and demonstrated that the BBRS is far from what UK Business customers were promised. Indeed, the promise and Mission statement was: The BBRS is a dispute resolution Continue Reading
FCA loses ‘destroying evidence’ case – My concerns
On September 28th 2020, Konstantin Vishnyak was found not guilty at Southwark Crown Court of one count of destroying evidence. The FCA, on their website, justified the prosecution as follows: “Under section 177(3)(a) of the Financial Services and Markets Act 2000 (FSMA), a person who knows or suspects that an Continue Reading
BBRS – The newest link in the conflicted chain?
Having put my name to a letter submitted by multiple concerned persons in respect to the BBRS, I want to provide some colour as to why. In addition to putting my name to that letter, I also wrote to Mr Shand Smith, John Glen and the Treasury Select Committee, outlining Continue Reading
Blackmore Bond UPDATE – FCA are culpable for all losses
On April 28th Michael O’Dwyer published an article in the Telegraph regarding the Blackmore Bond and the fact that The FCA was warned by me, three years prior to its collapse, that the marketing and promotion of this bond involved false and/or misleading representations. In the article The FCA Press Continue Reading
FCA & Andrew Bailey – Incompetent or worse?
Given recent FCA history this could become a daily piece, and with enough content to keep it going for several years. In December 2018 Jim Fitzpatrick MP sent a letter to Andrew Bailey, CEO of The FCA on behalf of a constituent. Accompanying that letter was a two page Executive Continue Reading
