News

The Financial Services Authority (FSA) has fined UBS (UBS) £29.7m for systems and controls failings that allowed an employee to cause substantial losses totalling US$2.3bn as a result of unauthorised trading. 

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

The publication of the final details of the Financial Services Authority's (FSA's) £110m Arch Cru redress scheme has been postponed due to the overwhelming response to the regulator's consultation.

Hundreds of suspected tax dodgers received letters from HM Revenue & Customs (HMRC) this weekend stating their financial affairs are under close scrutiny.

Investors suing advisers over 'mis-selling' of film investment schemes have claimed £8m so far, according to the Mail on Sunday.

The issue of advising small pension pots is to be debated in the House of Lords on 27 November.

Providers have lost their primary means of competing with one another and are "starting to seem desperate" ahead of the Retail Distribution Review (RDR), Phil Billingham operations director of Perceptive Planning has said.

Gross mortgage lending by banks rose to £7.5bn in October, according to data released by the British Bankers' Association.

A high take-up of auto-enrolment could make the policy a "victim of its own success", a think tank has warned.

European legislation the Markets in Financial Instruments directive (Mifid II) is the glaring omission from discussions about the Retail Distribution Review (RDR), according to the chief executive of the Association of Private Client Investment Managers...