fines

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) £8.9m for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

J.P. Morgan has been fined a total of $920m (£571m) over the infamous 'London Whale' trades which led to derivatives losses last year of $6bn (£3.7bn).

Barclays is to face another payout, of £100m, this time for a paperwork blunder that led to 300,000 customers being overcharged, according to reports.

Barclays bank is facing new fines in the region of tens of millions of pounds in association with a multi-billion pound private investment five years ago, according to reports.

Axa Wealth Services (Axa) was today fined £1.8m for giving poor investment advice to elderly and inexperienced customers, even though only 82 people complained. So what went wrong?

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said he wants the regulator's legacy to reflect that it ensured wrongdoers "faced the full consequences" of their actions.

Prudential is on track to achieve the outstanding two of six objectives it set itself in 2010 following the controversial takeover attempt of Asian insurer AIA.

The Upper Tribunal has upheld the decision of the Financial Conduct Authority (FCA) to ban Andrew Jeffery and fine him one of the largest ever fines imposed on a broker for insurance fraud.

Former Bradford & Bingley group finance director Chris Willford is potentially facing a £100,000 fine from the Financial Conduct Authority (FCA) after losing in the Court of Appeal yesterday.

The Financial Conduct Authority (FCA) has fined Xcap Securities, a retail investment and capital markets business, £120,900 for failing to adequately protect client money and client assets.