News

Royal Bank of Scotland, Barclays and HSBC were among the list of the world's biggest banks to be downgraded by Credit rating agency Moody's last night.

The country's biggest banks have been accused by MPs of a massive mis-sale of complex interest rate swaps to thousands of businesses, the Telegraph reports.

Royal Bank of Scotland is likely to get £300m less than it expected for the sale of 318 branches to Santander, the FT reports.

UK banks including RBS, Barclays and HSBC are set to be downgraded by Moody's this evening, it has emerged.

HM Revenue & Customs (HMRC) has issued guidance confirming salary sacrifice pension schemes will be able to meet automatic enrolment requirements.

Labour MP Michael Meacher has received cross-party support for a Private Member's Bill which would prohibit any financial arrangements principally designed for the purpose of tax avoidance.

Following £850,000 in funding from the Welsh govenrment, advisory firm Guardian Wealth Management has launched a new head office in south Wales.

Shadow pensions minister Gregg McClymont has questioned what the government's drive for ‘defined ambition' pensions "actually means".

LV= has apologised after an "administrative error" left an adviser's client with an income projection 17.5% lower than promised.

The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch Cru investors.