News

Senior FSA executive Andrew Bailey has accused Barclays of operating with a "culture of gaming" which came from top of the bank.

The Consumer Prices Index (CPI) measure of inflation fell to 2.4% in June, from 2.8% in May, official figures show.

The Financial Services Authority )FSA) has banned Quintillion Asset Management from conducting regulated business, after failing to pay fees and levies of over £8,000.

Inadequate controls at HSBC allowed it to be used to launder suspicious money from around the world, including Mexican drug money, a damning US report has found.

The Association of Independent Financial Advisers (AIFA) is urging the Chancellor to reconsider plans to direct regulatory fines to government coffers.

The Department for Work and Pensions (DWP) is to implement a system where small pension pots follow workers when they change jobs.

Two Labour peers have introduced an amendment to the Financial Services Bill seeking to minimise Financial services Compensation Scheme (FSCS) costs borne by levy-payers.

The former chief operating officer of Barclays, Jerry del Missier, has told MPs Bob Diamond instructed him to lower the bank's LIBOR submissions, on the orders of the Bank of England's deputy governor Paul Tucker.

Fund supermarkets still face number of obstacles before rolling out their investment trust (IT) propositions, according to J.P. Morgan Asset Management.

The International Monetary Fund (IMF) has cut its forecasts for UK GDP growth for both this year and next as it warns of a "ratcheting up" of financial market and sovereign stress in the eurozone periphery.