Regulation

Lloyds Banking Group has fired a 'rogue trader' after it uncovered a scheme designed to inflate the executive's bonus.

The Financial Services Authority (FSA) has taken action against Ilford based Baronworth Investment Services and its chief executive, Colin Jackson, for failing to ensure their direct offer financial promotions were ‘fair, clear and not misleading'.

The Serious Fraud Office (SFO) spent £1.3m on its ill-fated investigation into the collapse of Kaupthing Bank, a Freedom of Information (FoI) request has revealed.

The Financial Services Compensation Scheme (FSCS) is poised to launch a new consumer awareness campaign next week, after its chief executive admitted its previous £4m drive had failed.

MISCALCULATION

The Financial Ombudsman Service (FOS) is proposing to increase the individual fee for firms who have complaints against them from £500 to £550 per case, but will also up the number of 'free' cases to 25.

The Financial Services Authority (FSA) has pledged to work with firms in 2013 as it carries out a series of thematic reviews into how the Retail Distribution Review has been implemented.

The Financial Services Authority (FSA) has fined the Co-operative Bank £113,300 for "serious failings" in its handling of complaints arising from sales of Payment Protection Insurance (PPI).

An online petition calling for Hector Sants' nomination for a knighthood to be withdrawn has received more than 1,000 signatures.

Her Majesty's Revenue and Customs (HMRC) is publishing the photographs of more than 30 of last year's biggest tax cheats as part of a tax evasion campaign.