News

The US Internal Revenue Service (IRS) has turned its sights on the Caribbean as part of its commitment to global enforcement in order to stop the use of foreign bank accounts to evade US taxes.

Mark Lyttleton, the former star fund manager at BlackRock, was arrested last month as part of the Financial Conduct Authority's (FCA's) investigations into market abuse, according to reports.

The head of Lloyds Banking Group has expressed his concerns the "best and the brightest" students do not see banking as a credible career following a string of scandals.

FMYA 2013

IFA acquirer, Bellpenny, has completed a client bank and funds under management acquisition of Price Bailey Financial Planning, the IFA arm of Price Bailey Chartered Accountants.

Wealth management firm, Towry, has posted pre-tax profit of £9.4m for full-year 2012 up from £8.3m in 2011.

Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.

Premier Asset Management has streamlined its fund range in a move to broaden its appeal in the wealth management market.

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

Getting financial advice on long-term care (LTC) is a welcome part of the latest Care Bill, however, it is not essential that advice is independent, trade body Symponia has said.