Nomura International has been fined £1.75m for widespread systems and controls failings relating to its International Equity Derivatives (IED) business.

Ascentric is launching a deposit account from Investec to tap into the growing appetite for cash as investors shun volatile equity markets.

Lloyds Banking Group has launched a record-breaking £13.5bn rights issue at a near-40% discount as part of a massive fund raising to strengthen its balance sheet, reports The Telegraph.

Cofunds has agreed a long-term tie-up with Threadneedle ahead of the launch of its panel of research funds in January.

Sesame has announced the line-up for its Symposium conference, where advisers will hear what industry figures think the future holds for the financial services industry.

The FSA has banned mortgage broker Rashid Farid following his jail sentence earlier in the year for conspiring to commit fraud.

Arch Financial Planning has introduced a foreign exchange service on its website in order to boost its client proposition.

A Lancashire IFA has teamed up with a local debt management firm to offer financial planning help to clients struggling with cash-flow.

Plum Software will run a series of roadshows for IFAs around the country demonstrating how its latest software can help with client management.

FundsNetwork is launching a second version of its tax wrapper analyser, giving advisers an upgraded comparison tool and an analysis function for high-rate taxpayers.