London's world pre-eminence as a financial centre could be jeopardised by recent "frenzied borrowing" by investors if a global credit crunch were to hit financial markets, reports the Times .
Banks and other financial institutions are deliberately failing to report incidents of online fraud to the police, possibly because they are worried about the potential damage to their reputations, a senior police officer said yesterday reports the Guardian....
We're approaching that time of year again when financial services companies go crazy issuing Christmas-themed press releases in a bid to get media coverage.
Some of Britain's biggest life insurers should be freed from "crude" solvency rules which force them to maintain huge reserves, according to a report by the Financial Services Authority out this week, says the Guardian .
Scottish Widows is developing a menu of protection products for intermediaries and is asking for their thoughts on what features should be included.
BANKS, LIFE assurers and fund managers are to be given leading roles in setting up and eventually running the government's proposed low-cost national pensions savings scheme.
HIGH STREET BANK Abbey has admitted a problem with its business banking service has resulted in some customers' online payments going to the wrong people, says The Guardian .
At least one in five students will live at home when they start university later this year in order to relieve money worries, suggests research.
IFA NETWORK owner Misys is parting company with the head of its banking systems, Ivan Martin, "by mutual agreement" - three months after issuing a shock profits warning that sent its shares tumbling and enraged its investors, according to The Times ....
LLOYDS TSB said it would set aside an additional £300m provision this year to partially cover the cost of paying compensation for endowment mis-selling, reports the Times .