News

Bank shares led the FTSE 100 higher in early trading as investors breathed a sigh of relief that the Independent Commission on Banking had opted to ring-fence banks rather than break them up.

Iceland has rejected a deal with the UK and the Netherlands to repay debts relating to the collapse of Icesave.

The Serious Fraud Office decided to drop an investigation into Equitable Life because financial regulators were already aware of potential criminal activity at the failed insurer, according to a new document.

iShares has unveiled its inaugural range of precious metals ETCs on the London Stock Exchange, offering UK investors exposure to the performance of physical commodities.

The Independent Commission on Banking has recommended UK banks' retail operations should be "ring-fenced" from their investment banking arms.

Legal & General has become the first non mutual of 2011 to publish its income protection (IP) claims data.

A former financial adviser in South Texas who served as a pallbearer at a client's funeral then opened a bank account in the dead man's name is going to prison.

AIFA has expressed concern over the FSA's new Money Advice Service, saying it is likely to confuse consumers.

Exchange-traded products tracking diversified broad commodity indices saw global assets increase by $5.2bn in Q1 2011, marking the largest quarterly inflows for the sector on record, ETF Securities says.

IFAonline lists who has moved where in another busy week in financial services.