News

The man behind the Question of Trust campaign, hoping to restore faith in the financial services industry, has given up just a year into the fight blaming the industry's "apathy and malaise".

Lord Sassoon, the architect of the twin peaks regulatory reforms, has warned the outcome of the Financial Services Bill could still be watered down by political pressure.

Royal Bank of Scotland (RBS) has appointed investment bank UBS to manage the sale of its 316 branches following the collapse of its deal with Santander.

About 500 investors are considering making mis-selling claims against their advisers for recommending unregulated collective investment schemes (UCIS) linked to the film industry over the past ten years, the FT reports.

The Bank of England (BoE) is to hand the Treasury the interest it receives on its QE asset purchases, a move that reduces pressure on Chancellor George Osborne ahead of the Autumn Statement.

The Financial Services Authority (FSA) has written to fund group chief executives outlining its concerns over conflicts of interest policies and is considering taking enforcement action after a review of industry practices.

Nucleus chief executive David Ferguson has called into question the validity of platforms charging on a basis point scale.

The Personal Finance Society (PFS) has announced the winners of the 2012 PFS Chartered Awards at its annual conference in Birmingham.

An adviser jailed earlier this year for more than 40 fraud-related offences has been banned by the Financial Services Authority (FSA).

HSBC is investigating allegations that criminals used offshore accounts at its Jersey business for money laundering and tax evasion, the BBC reports.