FSA

The US Federal Bureau of Investigation (FBI) says more arrests are on the cards as part of its continuing investigation into mortgage fraud.

The Financial Services Practitioner Panel is seeking feedback from regulated firms on the performance of the FSA through a survey.

The FSA has today banned three mortgage brokers for their involvement in mortgage fraud.

The FSA has launched comparison tables for payment protection insurance (PPI) on its consumer website.

Richard Farr is to step down as director of the Association of Mortgage Intermediaries (AMI) as part of a restructure.

Morgan Stanley yesterday became the latest financial services group to fall victim to a rogue trader as it admitted that it had suspended a credit trader in London for trying to hide losses of about $120m (£61.3m), The Times reports.

The Treasury Committee has given a damning verdict on the FSA's regulation of the with-profits sector concerning inherited estates.

Chancellor Alistair Darling has outlined plans for a new banking bill which will see the Bank of England (BoE) given powers for UK's financial stability along with added controls to the FSA.

Deutsche Bank has been privately scolded by the Financial Services Authority for advising clients to short rights issues at Britain's embattled banks to cash in on a collapse in their shares, The Telegraph reports.

The FSA has fined a stockbroker £77,000 for having weak data security controls, which left customers at risk of fraud.