News

The massive shake-up at the top of the UK's biggest banks will continue as HSBC prepares to announce major changes to its senior management amid reports of a boardroom power struggle.

The Independent Commission on Banking (ICB) is mulling whether to split banks' retail and investment operations.

All non-media relations personnel at regulated firms should be banned from speaking to the media, regardless of seniority, the FSA says, but it denies choking press freedom.

An increase in jobless claims in America exacerbated negative investor sentiment on Thursday, sending global stocks lower.

HMRC must remove its lifetime allowance on pension savings if an annual limit is introduced or risk discouraging retirement saving, Skandia says.

Newly-launched wealth management boutique Yellow Capital says the RDR has "scared the living daylights" out of advisers and has set out plans to acquire IFA businesses exiting the market.

Mortgage lending by banks has hit a sixteen month low after a fall in housing demand, says the British Bankers' Association (BBA).

Nearly half of under-50s admit they are not doing enough to prepare financially for their retirement.

Trade unions in France began their second 24-hour strike last night in protest against President Sarkozy's plan to raise the retirement age from 60 to 62.

Network giant Sesame is checking on average more than double the amount of new business compared to a year ago as it adapts to a "more intensive" regulatory environment.