Regulation

The Financial Ombudsman Service (FOS) has ruled advisers could not reasonably have known Lehman Brothers was in financial turmoil when they recommended clients invest in structured products to which it was counterparty, in a trio of rulings.

US authorities have hit French bank BNP Paribas with a giant $8.9bn (£5.2bn) fine for breaking trade sanctions.

The Financial Conduct Authority (FCA) has charged a former Schroders equities trader with nine counts of insider dealing.

A fraudster who reaped £1.6m in VAT from HM Revenue & Customs (HMRC) by pretending to be a number of dead Hollywood film producers, has been jailed for more than three years.

A New York court has fined a former UK-based Credit Suisse trader for his role in artificially inflating bond prices.

Financial products carrying a ‘traffic light' labelling system to represent some of their attributes - such as historical average return - would create a false sense of security among investors, a study has concluded.

A financial adviser has been permitted to include a complaints time bar in his client terms of business contracts, after the Financial Conduct Authority (FCA) conceded to his case.

The Financial Conduct Authority (FCA) has renewed calls for investors in one of the UK's largest Ponzi schemes to come forward and claim their share of the £914,000 "likely" available for distribution.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has been recognised for helping "shift the culture of financial regulation" by putting "the interests of consumers first".

Former Financial Services Authority director Sheila Nicoll has joined Schroders as head of public policy.