'Current system not working'
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The government is to scrap the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.
M&G reported a net outflow of more than £1bn in the UK during the first nine months of the year, although this was offset by strong sales in Continental Europe, the group said.
Could we soon see the return of MBS?
Bank of Scotland has been unfairly double billing customers who fell behind on their mortgages, a High Court judge in Belfast has ruled.
J.P. Morgan has reportedly agreed to pay an £8bn ($13bn) fine as part of a settlement with the US over its role in the mortgage-backed securities market, which led to the near-collapse of the US financial system.
The second part of the Help to Buy scheme will be available from next week after the government brought forward the launch date by three months.
The chairman of Zurich insurance group has resigned days after the apparent suicide of chief financial officer Pierre Wauthier.
IFA network Sesame has said it remains in a 'strong' financial position and will not increase its membership fees because of today's £6m fine for failings relating to advice given on Keydata products.
Two former employees of HBOS have been arrested along with a string of other suspects following an investigation into loans offered by the bank prior to its collapse.
Castle Trust, the investment and mortage business designed to help unlock the housing market, has been notified the FSA is set to authorise the business.
A law firm has told Arch cru investors it is unlikely they will end up receiving the entire £110m redress the Financial Services Authority (FSA) is expecting advisers to pay out.
The Financial Services Compensation Scheme (FSCS) has begun the process of compensating MF Global customers, with private customers with individual accounts the first to receive application forms.
The Royal Bank of Scotland (RBS) should be broken up and the merger of Lloyds TSB and HBOS reversed as part of a radical move to end the "comfortable oligopoly" of the country's high street banks.
Credit rating agency Moody's may downgrade Lloyds Banking Group because of the sick leave taken by chief executive Antonio Horta-Osório, which could hold back the bank's restructuring plans.
Bank of England governor Mervyn King said badly managed banks should be left to fold, as he demanded sweeping powers to force financial institutions to be more transparent.
Santander, the eurozone's biggest bank, said a significant charge for mis-selling payment protection insurance(PPI) hit profits in Q3, but its capital cushion would lift it out of danger territory.
Pimco's Bill Gross says there will be no housing-led recovery in the US without Government support.
European finance ministers have delayed a vote on controversial new regulations on hedge funds and private equity investments after failing to reach an agreement on proposed reforms.
Investors should have increasing confidence in a UK economic recovery as the housing market shows strong signs of bottoming, Richard Woolnough believes.