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Civil case over £237m collapse of London Capital & Finance opens - with counsel leaving

London Capital & Finance: Administrators legal battle against execs kicks off

The administrators of London Capital and Finance civil legal proceedings start today against the former executives of the company.

Civil case over £237m collapse of London Capital & Finance opens - with counsel leaving

Mathematician cleared over claim he bullied his mother for bigger slice of her £1.2m fortune

Maths expert Jason Abdelnoor (left), from Newcastle, was accused by Elten Barker (right) of bullying his mother Pamela Abdelnoor into changing her will in 2018, the year before she died.

Andrew Bailey apologies over the London Capital & Finance scandal

The governor of the Bank of England has apologised over the London Capital & Finance (LCF) savings scandal. Andrew Bailey, who was chief executive of the Financial Conduct Authority when LCF collapsed into administration last year, said sorry to the 11,600 victims who were left £237million out of pocket. It came as Dame Elizabeth Gloster, a retired Court of Appeal judge, published her long-awaited report into the watchdog s handling of the LCF disaster. She concluded that the FCA did not discharge its duties properly, and that LCF investors were entitled to expect, and receive, more protection . Andrew Bailey, who was chief exec of the Financial Conduct Authority when LCF collapsed into administration last year, said sorry to the 11,600 victims who were left £237m out of pocket