# Financial Conduct Authority

Type: Company

Source: HR & Workforce Intelligence Brief — https://gethrbrief.com/entity/financial-conduct-authority
Canonical HTML page: https://gethrbrief.com/entity/financial-conduct-authority

## Timeline

- **2026-03-17**: Workforce Reduction Announced — Close Brothers confirms plans to cut nearly a quarter of its staff to manage financial impact.
- **2024-10-25**: Court of Appeal Ruling — A landmark ruling in Hopcraft v Close Brothers increases lender liability for undisclosed commissions.
- **2024-01-11**: FCA Investigation Launched — The Financial Conduct Authority begins a probe into motor finance commission practices.

## Recent coverage (2 stories)

### Close Brothers to Slash 25% of Workforce Amid Car Finance Scandal
2026-03-17 09:03:14 · Sentiment: Bearish · Impact: 6/10 · Sources: 7

Close Brothers Group is set to eliminate nearly a quarter of its staff following the fallout from the UK motor finance commission scandal. The move aims to stabilize the bank's finances as it faces significant potential compensation payouts and legal costs.
Full story: https://gethrbrief.com/story/close-brothers-workforce-reduction-car-finance-scandal

### UK Boards Hit Gender Targets but Executive Diversity Lags Behind
2026-03-10 01:56:47 · Sentiment: Neutral · Impact: 5/10 · Sources: 27

UK firms have reached key gender diversity targets on boards, but a significant gap remains in executive leadership and ethnic representation. While the FTSE 350 has met the 40% female representation milestone, the 'glass ceiling' persists for CEO and CFO roles.
Full story: https://gethrbrief.com/story/uk-firms-diversity-progress-executive-gap

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