Financial services

HSBC is facing investigations at home and abroad following allegations that it colluded with Swiss clients to help them dodge tax.

Angry investors are planning legal action against the regulator in a bid to claw back losses they claim its predecessor caused when it branded their traded life settlement investments "toxic".

Shrinking supply in the bank debt sector could be reversed if the Total Loss Absorption Capital rules come to pass, but will bank bonds become riskier? Annabelle Williams reports.

Financial Conduct Authority (FCA) technical specialist Rory Percival has said too many regulatory requirements concerning what charges need to be disclosed on investment and savings products make it difficult for advisers to compare costs.

Kames Capital chief executive Martin Davis has hit out at a recent Consumer Panel report that was highly critical of the structure of fund charges as "over-simplistic" and another "rant".

The Financial Conduct Authority has launched a consultation which may lead to early removal of the requirement for companies to publish interim management statements.

Criminal gangs who trick people into investing in worthless shares have been targeted by police in the biggest ever international crackdown on the fraud.

The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.

The Financial Services Compensation Scheme (FSCS) said it is continuing to receive claims in respect of the CF Arch cru funds, and has put the likelihood of a further interim levy for 2013-14 as ‘medium'.

The Chartered Insurance Institute (CII) has launched a new qualification for staff overseeing investment operations functions.