Financial Conduct Authority

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An investigation into dodgy dealings by fatcat bankers has been quietly axed. The decision by the Financial Conduct Authority, has sparked outrage and has been labeled a “a huge blow for taxpayers” and “a slap in the face for ordinary people”. The investigation was dumped as the FCA said other measures were in place to tackle wrongdoing,  but many see Osborne’s decision to sack the head of the FCA for wanting to be too tough on bankers as a critical reason. The Mirror reports: Early in 2015 the FCA announced plans to review banking’s culture.