News

HSBC subsidiaries have been fined a total of £3m for failing to protect their customers' personal data.

The FTSE 100 retreated for the first time in seven days this morning as financial stocks fell out of favour.

Barclays and Royal Bank of Scotland will have to find billions of pounds more capital if they are to continue growing their investment banks under new rules designed to protect against the higher risks of "casino" banking, says The Telegraph.

The Dow Jones climbed more than 50 points after a volatile start to trading on Tuesday, as US Federal Reserve chairman Ben Bernanke forecast unemployment would remain high into 2011.

The directors of a Yorkshire-based financial group have been banned and fined by the FSA for putting 53 clients at risk of losing almost £10m.

One in two advisers admits to not having a thorough knowledge of the annuities market, according to research.

AWD Chase de Vere has made available a tax planning guide to help consumers manage their tax affairs effectively during the economic downturn.

The Taiwan Financial Supervisory Commission (FSC) has approved the first Hong Kong ETF in Taiwan.

Women are more likely than men to make financial cutbacks to help them survive the recession, research suggests.

The government was forced to borrow £13bn in June, almost double the amount in the same month last year, as shrinking tax receipts continued to put pressure on public sector finances.