FSA

Bradford & Bingley (B&B) has signed an agreement to reduce its obligations to buy potentially toxic mortgage debt from GMAC-RFC.

Billionaire US hedge fund manager John Paulson has made a near £1bn bet against four British banking stocks.

The FSA has banned a London-based mortgage broker for submitting false applications.

A former Abbey National executive director has been hired to provide advice to the FSA on UK retail banking issues.

The FSA may penalize banks who pay bonuses that encourage excessive risk-taking, new chairman Lord Adair Turner has told the BBC.

The FSA is believed to be talking to a number of foreign financial heavyweights about a take-over of troubled bank Bradford & Bingley, according to The Sunday Telegraph.

Callum McCarthy says the FSA has been carrying out its supervision work with ‘greater intensity' since last August as it seeks to implement the lessons learnt from the Northern Rock crisis.

The FSA from midnight last night banned the short-selling of financial stocks, in a bid to ease the extreme volatility in the beleaguered sector.

The FSA has moved to reassure HBOS investors on the financial resilience of the UK's largest mortgage and savings organisation.

A mis-selling scandal is brewing for advisers on overseas pension transfers, according to an expert in QROPS (Qualifying Recognised Overseas Pension Schemes).