Financial services

Royal Bank of Scotland (RBS) has been ordered by the Isle of Man regulator to pay compensation to the family of a man following a mis-selling investigation.

The government has once again turned down a request from an MP for an independent investigation into the Arch cru collapse.

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AXA IM has hired Lyxor Asset Management CEO Laurent Seyer as its global head of investment solutions.

A UK bond trader has pleaded guilty to overstating the value of mortgage-backed bonds when working at Credit Suisse at the start of the financial crisis.

Hector Sants, chief executive of the Financial Services Authority (FSA), has apologised to MPs for the failure of the Royal Bank of Scotland which led to the multi-billion pound bailout of the bank.

French President Nicolas Sarkozy has unveiled plans to introduce a tax on financial transactions.

Here's a New Year puzzle for you. Fund A has annual charges of 1.5%, and in addition incurs annual trading costs in its portfolio of 0.2%. Fund B also has charges of 1.5% a year, but its trading costs are 0.4% a year. Which is better value for money?...

Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.

The FSA has launched a consultation on regulations for hedge funds and private equity firms that will form the basis for tough new rules on pay.