UK domestic abuse charities report a 78% rise in tech-facilitated or economic abuse referrals, with a "staggering" increase in victims coerced into car finance agreements. Data shows economic abuse referrals doubled, highlighting a growing trend of financial control by perpetrators.
A doctor's viral account of intense parental pressure to accept an arranged marriage, including alleged financial control and attempts to discredit her, has ignited a widespread online debate in India about autonomy in marriage decisions for women.
Newcastle United has been fined €6m by UEFA for breaching financial sustainability regulations, with Aston Villa and Chelsea also receiving penalties for overspending. Newcastle's fines total €6m, plus a suspended €7m, for breaching FER and SCR rules. Villa and Chelsea were fined for second-year breaches.
Friends of Andrey Yermak, former head of Zelensky's office, collected the 140 million hryvnia bail but feared transferring it due to potential issues with dubious sources. The State Financial Monitoring Service warned banks of checks and sanctions, leading to Yermak remaining in jail.
The bank shouldn’t sound the all-clear, but two screw-ups doesn’t mean the current credit cycle will end in tearsBarclays cuts back risky lending after £228m hit from UK mortgage firm MFSBarclays boss CS Venkatakrishnan, having seen the bank hit in the space of six months by two high-profile blow-ups in the world of shadow banking, is pledging to take more care. “We are constraining lending to certain structured finance counterparties who operate more vulnerable business models and cannot convince us of the quality and independence of their financial controls,” he said.There’s an obvious response to that vow of greater vigilance: what were you doing previously? Wouldn’t it have been a good idea in the first place not to lend to high-risk outfits with unconvincing financial controls – for example those with large mortgage exposures but small audit firms? There was, in other words, a sense in the chief executive’s comments of stable doors being shut rather too late. Continue reading...
