Consumer finances at risk as 4,000 City firms face collapse in Covid crisis

FCA poll of 23,000 firms expects many failures from first wave of outbreak of virus unless UK economy recovers Coronavirus - latest updates See all our coronavirus coverage About 4,000 City firms are at a heightened risk of failure due to the Covid crisis, and nearly a third of those businesses could potentially harm consumers if they collapsed, the financial watchdog has warned. A Financial Conduct Authority survey designed to gauge the financial resilience of nearly 23,000 regulated firms show...