A group of 200 out-of-pocket investors is mounting a legal case against the government for allegedly failing to stop serious errors at the FSA, and in so doing improperly implementing MiFID.

Advisers who recommended contracts for difference (CFD) trader Direct Sharedeal have been caught in the middle of a blame game after the firm was put into administration.

The Serious Fraud Office (SFO) has given up trying to prosecute anyone over the collapse of Keydata, as it has insufficient evidence to continue with the case, it has said.

The government has bent HMRC rules to allow investors in Lifemark and Hometrak-backed Keydata products to put an amount equal to their original investments back into an ISA and regain their tax exemptions.

The Office of Fair Trading (OFT) will not be part of the government's planned National Crime Agency (NCA), according to reports, in a further setback for the new body.

The FSA has launched High Court proceedings against land banking operations accused of scamming investors out of £45m.

House prices stopped falling in April for the first time in 10 months as demand for homes picked up, property researcher Hometrack has said.

The Bank of England will not hike interest rates until 2013 as the economic recovery remains "pretty weak," former Treasury adviser Roger Bootle has said, a day after Bank Governor Mervyn King dismissed an early rise due to the "sheer volume of debt in...

Lehman Brothers Holdings is claiming $500m from Barclays for allegedly failing to pay all of the bonuses agreed to when it bought the defunct investment firm's North American business.

Norwich & Peterborough (N&P)'s chairman has claimed a damning internal review of the building society's Keydata sales practices was not brought to his attention until after the investment firm collapsed.