Sub-prime

A former Credit Suisse banker has been found guilty of fraud after deceiving investors into buying risky investments that led to $1bn (£610m) of losses.

Unemployment reached an 11-year high today when another huge increase in the numbers looking for work edged the total closer to the two million mark, The Independent reports.

Two directors have been censured by the FSA for failing to ensure their firm had appropriate procedures in place to ensure customer received suitable mortgage advice.

Sub-prime mortgage borrowers are facing large increases in their monthly mortgage payments if they cannot secure a new deal, according to Moneyfacts.co.uk.

Brokers are being urged to heed the FSA's recent enforcement actions and ensure they meet regulatory requirements.

The Intermediary Mortgage Lenders Association (IMLA) has hit out at Lib Dem shadow chancellor Vince Cable for calling the sub-prime mortgage industry unscrupulous over arrears and repossessions.

Helen Morrissey talks to a panel of experts about the options available to people when they reach retirement

Thinc Group has apologised for failures when selling and advising on sub-prime mortgages after the firm was yesterday fined £900,000 by the FSA.

The FSA has fined Thinc Group £900,000 for failures when selling and advising on sub-prime mortgages.

Sub-prime and lifetime mortgage consumers are unable to make a distinction between receiving advice or information-only, according to findings published by the FSA today in the second stage of its Mortgage Effectiveness Review .