News

The long-awaited Parliamentary Commission on Banking Standards report has criticised the government's handling of part-nationalised UK banks and recommended criminal sanctions for senior executives who behave "recklessly".

Paltry returns on 'safe' investments such as cash and gilts have caused three out of five retirees lose out on around £2,400-a-year in real terms as inflation eats into the income they use to supplement their pensions.

The Cypriot president has asked eurozone officials to overhaul the country's €10bn bailout plan due to its unmanageable impact on the Cypriot economy, according to reports.

Cofunds has appointed Matt Benson as the head of operations.

Aviva Investors head of equities David Lis lists financials, media, mining, support services and smaller companies as the places he is seeing the most value in the UK equity market.

The Financial Conduct Authority (FCA) has asked Hargreaves Lansdown to disclose details of its negotiations with fund groups over clean share class pricing.

The Bank of England has appointed Charlotte Hogg to the new role of chief operating officer (COO).

Guide to Advice, a website which helps those looking for financial information, guidance and advice online, has today launched a searchable financial directory.

A major tax avoidance investigation has been halted after one of the key figures in the case was arrested on suspicion of wrongdoing.

Lloyds expects to spend more than £1.6bn selling off 630 of its branches to form a new TSB Bank later this summer.