The Financial Services Authority (FSA) has criticised IFAs for trying to shirk responsibility for Arch Cru investors' losses, and has warned evidence of widespread mis-selling could trigger an industry-wide past business review of all recommendations...

Margaret Cole, managing director of the Financial Services Authority's (FSA) conduct unit, has pledged to MPs the regulator will look again at how Capita presented redress for Arch Cru investors under its £54m payment scheme.

Prime minister David Cameron has said he will look to see if the government can do more to help those who have lost money in the Arch Cru debacle.

The Financial Services Authority (FSA) today took action against two individuals suspected of providing financial advice when not authorised to do so and making misleading statements to investors.

The Financial Service Authority has appointed Sir Nicholas Montagu as chairman of the Financial Ombudsman Service to act as "customer-service champion".

Prime minister David Cameron will today be forced to answer calls for a government inquiry into the failure of Arch Cru and the fairness of the redress scheme set up to compensate investors.

Europe's biggest banks have been warned they could face a debt buyers' strike by the Association of British Insurers, amid an increasingly bitter feud over controversial changes to their bonds.

The Treasury is preparing to water down a key recommendation in the Vickers report that would protect savers in the event of a bank going bust, according to reports.

The Financial Ombudsman Service has revealed the details of a provisional judgement against an IFA who invested clients in Arch Cru.

The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers.