Investment Banking

FCA probes banks’ role in share buybacks

Regulator asks for more information as City buybacks surge

FTSE 100 firms committed to around £57bn worth of buybacks in 2024, with banks raking in fees for advice
FTSE 100 firms committed to around £57bn worth of buybacks in 2024, with banks raking in fees for advice Photo: Getty Images

The City regulator is reviewing how investment banks handle share buybacks for UK-listed companies as the practice booms, Financial News can reveal.

The Financial Conduct Authority has requested information from large banks on how they structure, market and execute buybacks on behalf of their clients, according to people familiar with the matter.

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