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The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensation scheme for customers of UK authorised financial services firms. This means it can step in to pay compensation if a firm is unable, or likely to be unable, to pay claims against it. Compensation can be in any form and by any method it determines is appropriate. [1]
FSCS: Financial Services Compensation Scheme – the UK's statutory deposit insurance and investors' compensation scheme for customers of authorised financial services firms. CGS: Credit Guarantee Scheme – a scheme introduced in 2008 allowing banks to issue debt guaranteed by the government. The scheme closed in October 2012.
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HSBC and Capital One said that they expect no immediate changes to the credit card programs and operations. HSBC customers will see no near-term service changes and should be able to use their credit cards normally. In 2013, HSBC Finance sold its US consumer loans to Springleaf Financial and Newcastle Investment Corp. [14]
HSBC Jade is an invite-only financial services product aimed at individuals with net worths typically between $1 million and $5 million in investible assets held with HSBC. Before invitation, members must be HSBC Premier members for a designated period of time. In addition to HSBC Premier benefits, HSBC Jade have select concierge services ...
Deposits in the United Kingdom are protected by the Financial Services Compensation Scheme, which will cover losses of up to £85,000 per account or up to £170,000 for joint accounts. [57] The Scheme is funded through a levy paid by financial services companies which are members of the Financial Conduct Authority and the Prudential Regulation ...
The Coventry Building Society is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. [16] It is a member of the Building Societies Association, the Financial Services Compensation Scheme, the UK Payments Council and the UK Cards Association.
Murray is a member of the board of directors for global financial services firm HSBC Holdings plc; The Guardian Life insurance Company of America; Broadridge Financial Solutions; and the Irish Arts Center since 2016. In 2022, she was appointed to the Board of Directors for Broadridge Financial Solutions (NYSE:BR) and will be the 4th woman on ...