J.P.Morgan Chase & Co has revealed it paid more than 100 of its top staff in the UK an average of £2m each in 2012.
The Guernsey Financial Services Commission (GFSC) has approved the restructure of the suspended EEA Life Settlements fund, in a move which could finally allow investors to exit the fund after a two-year wait.
Peter Hargreaves, the co-founder and former CEO of Hargreaves Lansdown, has been given a CBE in the New Year's Honours list, while former Bank of England (BoE) deputy governor Paul Tucker has been knighted.
The Financial Services Compensation Scheme (FCSC) "continues to be challenged" by the complexity of some firm failures in the investment intermediation sector, its chief executive Mark Neale has remarked.
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Sixteen advisory firms have been declared in default in the Financial Services Compensation Scheme's (FSCS) latest round-up of failed financial businesses.
Royal Bank of Scotland's (RBS) defence against a £4bn lawsuit from shareholders contradicts evidence given to MPs by former Financial Services Authority (FSA) boss Hector Sants, it has emerged.
A committee of MPs has called for a ban on payday loan advertising on children's television, but the industry has dismissed their concerns.
Consumer group Which? is among four organisations awarded ‘super-complainant' status by the government, meaning it has the power to present complaints to the Financial Conduct Authority (FCA), which must respond.