RBS, HSBC and Barclays ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers have alleged.
If buying a physically-backed ETF sounds like a safer alternative to synthetic products, it might be time to reconsider that belief as Helen Fowler discovers in the first of a series looking at some of the issues raised by regulators' comments on ETFs...
10am: Global markets are continuing to trade in positive territory, building on yesterday's gains, with investors eyeing up value in depressed banking stocks which have been heavily sold off.
High street banks are moving assets they find difficult to sell off their balance sheets and into their staff pension funds.
Investec Structured Products has unveiled its latest collection of plans, which are available until 26 August 2011.
The IMF has said Britain's economy has less capacity to grow quickly over the next few years than the government had hoped, raising the spectre of more tax rises and spending cuts to keep Britain's recovery on track.
Banking giant HSBC has reported a surprise rise in profits but still plans to shed thousands of jobs and exit operations in 20 countries.
Arch cru investors want to know why Capita won't be fined like 27 other firms who they say failed in the same way. Levy paying IFAs should want to know too.
Recent moves by banks to pull out of offering in-branch financial advice challenge claims they stand to benefit the most from the retail distribution review (RDR), experts argue.
The Financial Ombudsman Service (FOS) has frozen claims related to Arch cru while it waits for the FSA, BNY Mellon, HSBC and Capita to agree on the value left in the fund range.