HSBC

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.

Hector Sants is encouraging Arch cru investors to take the FSA-brokered 70% payment deal and has warned against attempts to get a better return through the Financial Ombudsman or the courts.

UK banks were not among the eight institutions to fail the European stress tests on the sector.

HSBC has launched the first ETF in Europe to physically replicate Russian equities.

HSBC bank wrongly imprisoned a customer and harrassed her with hundreds of phone calls, a judge has ruled.

Five key developments this week, summarised below...

HSBC has confirmed around 460 adviser roles will be cut in a "re-shaping" of its UK business model ahead of the Retail Distribution Review (RDR).

Bailed out bankers in posh boxes and email phishing scammers in your inbox - the winners and losers at Wimbledon aren't just on court.