The Financial Services Authority (FSA) has fined a Dubai based private investor $9.62m (£6m) for manipulating the closing price of securities on the London Stock Exchange, in the largest fine imposed by the FSA on an individual.

Friends Life Group said it is investigating drop-offs in persistency for some products ahead of the RDR despite a rise in sales of 24% in the nine months to September.

Friends Life has today announced the creation of Friends Life Investments (FLI), a new inhouse asset management business which will launch in the second half of 2012.

Lifemark investors have forced a meeting to decide the fate of the troubled portfolio to be postponed while a potential rescue deal is hammered out.

Manchester United manager Sir Alex Ferguson and ex-England boss Sven-Goran Eriksson have shared part of a £68,000 dividend in a film investment, but must wait to see whether it will yield £117m in promised tax benefits.

HSBC and Standard Chartered could be dragged into a multi-billion dollar dispute between warring Saudi factions after the banks were forced to hand over thousands of potentially incriminating documents.

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.

The Financial Services Authority (FSA) has told members of the Treasury Select Committee its latest research shows 91% of advisers expect to have completed their qualifications by December 2012, rebuffing MPs' concerns about the extent of potential exits...

The Financial Services Authority (FSA) has told UK banks holding the money of investors in a Luxembourg life settlement fund not to allow the cash to be moved.

Bob Diamond, chief executive of Barclays, has said banks must accept responsibility for what went wrong during the financial crisis admitting they still had a long way to go to restore public trust.