Regulation

Banks need to become ‘simple and boring' if they want to restore public trust in the sector, according to the chief executive of Lloyds Banking Group.

Peter Hargreaves has criticised ministers for failing to shore up the economy, and omitting to "look in their own backyard" for solutions to the problem.

The IMA has issued a series of alternatives to the FSA's "perverse" proposed changes to the Financial Services Compensation Scheme (FSCS), having previously criticised its unfair treatment of asset managers.

Lloyds Banking Group is being investigated by the Financial Services Authority (FSA) over commission payments on its retail product sales, according to the Financial Times.

The reputation of a newspaper rests, partly, on the timeliness of its coverage. So imagine the damage if its front-page headline tomorrow read: ‘The Titanic has sunk'.

The Financial Services Authority (FSA) has warned adviser businesses they risk mis-selling to consumers, even with the abolition of commission, if they remunerate their staff based on the revenues they earn.

Mark Hoban has been moved across from the Treasury, where he is currently financial secretary, to the Department for Work and Pensions as part of the government reshuffle.

The Financial Conduct Authority (FCA) will lay down a marker to the financial services industry by widening the scope of the incoming commission ban on retail investment sales, according to a report in The Independent.

Barclay's former chief executive John Varley is at the centre of the Financial Services Authority's (FSA's) latest investigation into the bank, the Sunday Telegraph reports.

Fraudsters based in Belgium have used the Financial Services Authority (FSA) register details of a St James's Place partner to dupe consumers.