The FCA's dirty habits, salary snooping, Google's bank

Regulatory staff have been told to clean up their act - literally - and other stories you might have missed this week.

by Stephen Jones
Last Updated: 15 Nov 2019

Google moves into banking

Google is planning to partner with US banks and credit unions to offer current accounts. 

The "smart-checking" accounts, which will be launched via Google Pay, are set to go live in 2020 and will allow users to combine Google’s analytics with traditional financial products. 

Google becomes the latest of the big tech firms including Facebook, Uber, Amazon and Apple to offer payment systems or credit - a move that one consultant told the BBC was motivated by the desire to make their products indispensable. 

The trend has left some officials worried over potential gaps in financial regulation. 

(Source: BBC)

Should you have a right to know what your colleagues earn?

An equal pay charity has launched a campaign aimed at giving women a legal "right to know" what their male counterparts are being paid, if they suspect there is pay discrimination. 

The Fawcett Society argues there is a lack of transparency when it comes to colleague remuneration and highlights several examples of women being excluded from company events after they have lodged claims against their employer.

A study by the charity found that 60 per cent of UK working women do not know what their male counterparts earn, or suspect they are not being paid the same. 

(Source: FT)

FCA clamps down on dirty toilet habits

Defecating on lavatory floors, stealing plants from colleagues' desks and verbally abusing catering staff were just some of the "shameful" behaviours apparently being displayed by staff at the Financial Conduct Authority. 

In a leaked internal intranet post, COO Georgina Philippou called for "a minority" of the City regulator’s 4,000 staff to clean up their act. 

Other filthy habits allegedly present at the authority’s £60m Stratford office included overfilling waste paper baskets, leaving cutlery in kitchen sinks and discarding alcohol bottles in sanitary bins. 

(Source: The Guardian

Image credit: VCG / Contributor via Getty Images

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