This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Wyelands Bank should repay depositors, UK PRA says

( March 3, 2021, 17:01 GMT | Official Statement) -- MLex Summary: Wyelands Bank has been ordered by the UK’s Prudential Regulation Authority to repay all depositors in full, as its owner — British steel magnate Sanjeev Gupta — comes under increasing scrutiny for funding exposures. The regulator has been "engaging closely" with Wyelands Bank, it said in a statement today, adding that the firm has the resources necessary to repay deposits.Statement follows....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections