‘Sweetheart deal’ takes group’s AUA to £11bn
300-strong adviser network
Cannot lobby government
As competition intensifies
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 chairman of Zurich insurance group has resigned days after the apparent suicide of chief financial officer Pierre Wauthier.
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.