Barclays

D2C Platforms attempting to undercut Hargreaves Lansdown via lower fees have not made "significant enough" reductions to lure clients away, analysts at Barclays have said.

Asset managers are likely to engage in a "fundamental rethink" of their retail strategies as more customers go direct in future, according to analysts at Barclays.

Hargreaves Lansdown has secured what it says is the cheapest share class in the market for Neil Woodford's new fund, selling the investment star's fund for 60bps.

The Financial Conduct Authority (FCA) has fined Barclays £26m for gold price fixing.

Barclays will cut 19,000 jobs across the business by the end of 2016 - 14,000 of which will be lost this year - as part of what chief executive Antony Jenkins said was a "bold simplification" of the bank's structure.

Barclays' profits have fallen in the first quarter with the investment bank suffering almost a 50% drop in profits, according to its quarterly report.

RBS will not pay out bonuses in line with its rival banks, after the UK government said it would not support a payout ratio of two times executive salaries.

Standard Life Investments has taken the unusual step of criticising Barclays during its AGM, attacking the bank over its latest remuneration proposals amid a fiery meeting.

Psigma Investment Management has made a play for Barclays Wealth clients with less than £500,000, after the bank itself scrapped its bespoke service for lower net worth clients.

Banks have paid out a total of £482m in redress to those they have missold interest rate hedging products, figures from the Financial Conduct Authority (FCA) show.