The Financial Conduct Authority (FCA) has published warnings to consumers about four trading companies that are not authorised to carry out regulated activities.

State-backed Lloyds bank has admitted that it mis-sold Scottish Widows structured products to thousands of customers and has said it will now undertake a review of sales, according to reports.

The new City watchdog was last night fighting to defend its chairman amid accusations he enabled HBOS to pursue its reckless lending strategy.

Nick Leeson, the trader whose wrong-way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts following the real estate collapse, according to reports.

Prudential paid its chief executive officer Tidjane Thiam £7.8m last year despite him being reprimanded by the Financial Services Authority (FSA) over a bid for AIA Group.

Tidjane Thiam, chief executive of Prudential, is in line for a £7m share jackpot despite receiving a personal rebuke last week from City regulators.

Harlequin Property, the UK-based overseas property sales agent that is at the centre of a Serious Fraud Office (SFO) investigation, has lost its second auditor in under three years.

BUDGET 2013

Chancellor George Osborne has announced in the Budget that the government will give capital gains tax (CGT) relief on sales of businesses to their employees.

Chancellor George Osborne has announced in today's Budget that the government is embarking on a programme to crack down on "aggressive" tax avoidance measures.