Hints and tips:
...Its payments to customers and the FSCS mean it has not benefited financially from the Keydata sales, the FCA said....
...“[We are] looking at the application but we are not likely to make any decision by the deadline,” a senior FSC official in the banking division said....
...The FSC has said that it would take over financial institutions as soon as their net worth turned negative or they met acute liquidity problems....
...Its capital adequacy ratio had fallen to 7.51 per cent as of March, below the FSC’s requirement of atleast 8 per cent, mostly as a result of losses from non-performing card loans....
...To have vetoed a recommended deal would have been a nuclear option – and the FSC would have been the one to suffer the fallout....
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