Money Covered: The Week That Was - 24 April 2026
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Welcome to The Week That Was, a round-up of key events in the financial services sector over the last seven days.

The fifth episode of Season 4 of our podcast, Money Covered - The Month That Was, where the team looks at the Financial Conduct Authority's Vehicle Finance Redress Scheme Consultation, is now available.

To listen to this and all previous episodes, please click here.

Headline development

Filed under:
United Kingdom, Banking, Insolvency & Restructuring, Litigation, RPC, Fintech, Senior Managers and Certification Regime, Insolvency, Financial Conduct Authority (UK), Barclays, Bank of England, Insolvency Service (UK)
Authors:
Rachael Healey , David Allinson , George Smith , Kate Hill , Heather Buttifant , James Parsons , Brendan Marrinan , Ben Simmonds , Alison Thomas , Kerone Thomas
Location:
United Kingdom
Firm:
RPC
River Island and Poundland - a consolidated framework for the court’s exercise of cross class cram down discretion
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The UK retail sector faces ongoing challenges from shifts in consumer behaviour and persistent economic pressures. In this light, Part 26A of the Companies Act 2006 has become a vital mechanism for struggling companies, enabling them to undertake a holistic restructuring, effectively using one process rather than combining the Part 26 scheme technology with the CVA as had been the case prior to the introduction of the restructuring plan.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Freshfields, Senior Managers and Certification Regime, Office of Foreign Assets Control (USA), Companies Act 2006 (UK)
Authors:
Katharina Crinson , Ken Baird , Diallo Williams
Location:
United Kingdom
Firm:
Freshfields