News

Markets were unfazed by the hefty fines facing financial institutions and posted gains around the world overnight.

Lloyds Banking Group has agreed terms of the deal to sell 632 branches to the Co-op after a long-running takeover battle, the Telegraph reports.

The Financial Services Authority (FSA) has confirmed it is investigating interest rate manipulation by other major high street banks after Barclays' record fine yesterday.

A third of IFA firms could be left without PI cover, should the new Financial Services Bill fail to include a long-stop, according to figures from the Association of Independent Financial Advisers (AIFA).

Andrew Tyrie, the chairman of the Treasury Select Committee, has demanded answers from Royal Bank of Scotland (RBS) boss Stephen Hester about the bank's ongoing computer failures.

SSAS customers acting as both trustee and administrator can have their SSAS reviewed as part of a service offered by Hornbuckle Mitchell.

The Financial Services Authority (FSA) has released a host of communications showing traders' attempts to influence LIBOR submissions, after earlier fining Barclays £59.5m for LIBOR and EURIBOR manipulation.

In fewer than eight years there will be just one million defined benefit savers in the UK, while defined contribution schemes will cover 16 million workers, the Pensions Policy Institute predicts.

PLATFORMS

Barclays has been slapped with the largest-ever fine by the Financial Services Authority (FSA) and a huge penalty by the US authorities after it breached rules regarding LIBOR.