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Regulation

Regulation

FCA and PRA launch investigation into Co-op failures

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched enforcement investigations into failures at the Co-operative Bank which led to it receiving a rescue package of £1.5bn from its parent company.

clock 06 January 2014 •

Investment

Skagen adds clean share classes to three equity funds

Skagen has launched RDR-compliant clean share classes in the UK for its Kon-Tiki, Global and Vekst equity funds.

clock 06 January 2014 •

Regulation

FCA hires ex-Kleinwort Benson CEO as head of wealth management

The Financial Conduct Authority (FCA) has hired ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.

clock 06 January 2014 •

Economics / Markets

Experts: BoE could lower unemployment target before interest rate hike

The Bank of England (BoE) could lower the unemployment target it has said must be reached before it raises interest rates, according to some experts, as jobless figures fall faster than expected.

clock 06 January 2014 • 1 min read

Regulation

First FCA court case dealt lifeline as costs cut

A fraud case brought by the Financial Conduct Authority (FCA) was dealt a lifeline by the Legal Aid Agency (LAA) after it 'declassified' the high cost case to attract barristers who initially refused to represent the defendants on recently reduced fees....

clock 06 January 2014 •

Regulation

High Court closes £3.2m carbon credit 'investment shark scam'

The High Court has ordered three companies involved in a £3.2m scam selling carbon credits to investors at inflated prices into liquidation following an investigation by the Insolvency Service.

clock 03 January 2014 •

Regulation

BCC: UK suffering from 'long-term, structural failure in business finance'

The UK must address a ‘structural failure' in business finance if it is to develop domestic equivalents to the likes of Google or Samsung, according to the British Chambers of Commerce (BCC).

clock 03 January 2014 •

Regulation

Paraplanners organise London 'Powwow'

An event for paraplanners - who get to vote on their preferred topics of discussion beforehand - is set to take place in London later this month.

clock 02 January 2014 •

Regulation

Three heavyweights join Financial Services Consumer Panel

The Financial Conduct Authority (FCA) consumer panel has appointed three new members, including a BBC journalist and former Treasury adviser, following the departures of Dan Plant and Frances Harrison at the end of December.

clock 02 January 2014 •

Equities

JPM paid top UK staff average £2m in 2012

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.

clock 02 January 2014 •
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