Ernst & Young (EY) has paid $10m to settle claims it was negligent in it duty as auditor when it failed to raise the alarm when Lehman Brothers was heading towards collapse.
The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements (BIS) has warned....
The Financial Ombudsman Service (FOS) has ruled advisers could not reasonably have known Lehman Brothers was in financial turmoil when they recommended clients invest in structured products to which it was counterparty, in a trio of rulings.
The Financial Conduct Authority (FCA) has made a number of "extensive and detailed" changes to its client money rules which it hopes will improve the protection of client assets.
Troy Asset Management CEO Sebastian Lyon has pledged to retain his 'natural caution' in the face of an increasingly optimistic atmosphere for equity investment.
The Financial Services Authority (FSA) has proposed a set of rules which aim to maximise and speed up client money returns when investment firms fail.
Risky, expensive, over-complicated: just some of the accusations leveled at structured products. But are these fair conclusions?
Fred Goodwin, the former CEO of Royal Bank of Scotland (RBS) stripped of a knighthood for his role in the bank's near collapse, is among several former RBS directors fighting claims they were at fault for the lender's troubles.
The Financial Services Authority is to explore changes to the client assets regime in the wake of the Lehman Brothers failure.
Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.
The Financial Ombudsman Service (FOS) has ruled against a bank for advising a client to invest £3.2m in a bond issued by failed US insurer AIG.
Standard Life has successfully sued its professional indemnity insurers for around £100m to recover losses related to its Pension Sterling Fund.
Counterparty risk, charges and complexity have conspired to give structured products a bad name, but there are signs advisers are turning to them once again
Three investment managers give their views...
The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers.
Nick Sudbury assesses the merits of the corporate bond sector and looks at how the sector has grown in recent years
Standard Life is suing insurers including ACE European Group for £100m over claims its policy should have covered a loss on asset-backed securities triggered by the collapse of Lehman Brothers.
Good afternoon readers - below are five key articles from this week's IFAonline.co.uk...
On the third anniversary of the collapse of Lehman Brothers and subsequent credit crisis, Investment Week looks at the best and worst performing funds and sectors over the last three years.
LEHMANS' THREE YEARS ON...
It has been three years since Lehman Brothers filed for bankruptcy, creating the biggest banking failure in history and sending shockwaves through global markets.