Barclays

Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Professional Adviser's sister title Investment Week understands.

Lloyds Banking Group has hired the former head of discretionary from Barclays' Wealth as part of a rejig of senior personnel within its wealth division.

The Financial Conduct Authority (FCA) has fined Barclays a record £38m for failing to adequately protect clients' custody assets worth £16.5bn.

John McFarlane, the chairman of insurer Aviva, has left the business to become chairman of banking group Barclays.

Prudential has topped the Financial Ombudsman Service's (FOS) list of most complained about pension firms after consumer gripes against the firm were up 2% on the previous half year.

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

High street banks are using Wonga-style bullying letters to chase customers for payments.

US prosecutors have hit Barclays with fraud charges which claim the British lender lied to investors about its dark pool electronic trading operations.

Retirees need to bring home £17,500 a year to secure a "relatively modest but comfortable" retirement, according to research from Barclays.

Chief executive of Barclays Wealth and Investment Management Peter Horrell is to leave the company at the end of the year.