News

Citigroup is to pay out $590m to shareholders in one of the biggest settlements connected to the global financial crisis, after it was accused of hiding its subprime exposure during the 2008 crash.

Barclays has appointed Antony Jenkins, its former head of retail and business banking, as its new boss.

Fraudsters based in Belgium have used the Financial Services Authority (FSA) register details of a St James's Place partner to dupe consumers.

David Hickey has resigned from his post as executive chairman of Lighthouse Group.

Barclays has confirmed the Serious Fraud Office (SFO) has started an investigation into payments between it and Qatar's sovereign wealth fund.

Threadneedle is to roll out a range of commission-free share classes across the majority of its fund range, and waive initial charges for advised UK retail investors, as it makes its proposition ready for the post-Retail Distribution Review (RDR) world....

The number of flexible drawdown investors could rise in 2013 when the top rate of tax is cut to 45%.

House prices across England and Wales rose 0.3% over the past year, buoyed by continued growth in the London market, according to the latest house price data from the Land Registry.

IFA consolidator Perspective Financial Group has acquired the clients of financial advisory firm Kingsworld Walder.

A QROPS loophole, where a member can take double tax free cash, highlights the problems in pension legislation, according to a pension specialist.