A High Court judge has ruled the Tchenguiz brothers can sue Kaupthing Bank for £1bn ($1.6bn) damages.

The government is proposing to merge the Office of Fair Trading (OFT) with the Competition Commission to create a single Competition and Markets Authority (CMA).

Mint Financial is about to settle a £2.6m compensation bill for giving poor advice on Integrity Maximiser geared traded endowment policies (GTEPs), IFAonline understands.

A mortgage broker who pleaded guilty to 16 counts of fraud has had his sentencing delayed because the judge was ‘not on duty'.

UBS is being investigated by US regulators for allegedly manipulating Libor, the rate at which banks lend to each other.

Bradford & Bingley (B&B) shareholders had their hopes of compensation dashed today after an independent assessor upheld his previous ruling against a payout.

The FSA has today fined ActivTrades Plc, a foreign exchange broker, £85,750 for failing to protect clients' assets adequately.

Prudential chief executive Tidjane Thiam is likely to receive his full bonus this year in a move which could prove controversial with shareholders still upset over the cost of his failed bid for AIA.

Global insurance company share prices tumbled last night as concerns mounted about the cost of rebuilding Japan following Friday's earthquake and the resulting tsunami.

Openwork shareholders, two thirds of whom are the network's financial advisers, have voted in favour of a major financial restructuring deal with Zurich which sees them pick up 30% preferential shares in the company.