Regulation

The FSA has fined Swiss bank Habib AG Zurich £525,000 for failing to establish and maintain adequate anti-money laundering systems.

FATCA

A group of hedge funds, including those run by Odey Asset Management, had a combined $1bn invested in JP Morgan Chase which suffered a near 10% drop in its share price on Friday.

Standard Life will roll out RDR-friendly charging structures across its key retail product lines this year, in a move which will see the provider pass fund manager rebates back to new clients on its fund supermarket, FundZone.

Bestinvest has undergone a structural review of the business which could result in job losses.

Hargreaves Lansdown has said it "intends" to remain independent after the Retail Distribution Review (RDR).

The Financial Ombudsman Service (FOS) has ruled against an adviser who recommended clients invest in cells of the Stirling Mortimer fund range.

GOODBYE FSA

The European Court of Justice (ECJ) has said discretionary portfolio management should not be exempt from VAT.

GOODBYE FSA