Regulation

Kashya Hildebrand - the wife of Switzerland's former central bank chief - has made a TV apology to the Swiss people and her husband for the $504,000 (£324,067) currency transaction that led to his resignation.

The Financial Services Authority (FSA) has not used mystery shoppers for at least 18 months, despite a promise from Hector Sants that the regulator would make more use of the tactic.

Police have arrested five men as part of its investigations into a small number of suspicious trades reported by Bristol-based stockbroker and wealth manager Rowan Dartington.

10 FACTS ABOUT FATCA

Swiss National Bank chairman Philipp Hildebrand will receive a CHF900,000 (£615,000) payoff as he leaves the central bank following a scandal over his wife's currency trades.

The Royal Bank of Scotland (RBS) today announced its plan to cut 3,500 jobs as part of a reorganisation of its investment bank, which will see the sale or closure of the equities and corporate broking divisions.

The FSA has extended its investigation into advisers who sold Arch cru funds to include inherited or acquired clients.

REGULATION

Prime minister David Cameron has promised shareholders a binding vote on executive pay to try curbing excessive salaries.

A former chief executive officer of UBS AG's wealth management unit who is challenging a £100,000 FSA fine was yesterday accused of failing to control the activities of his team, allowing them to make up to 50 unauthorised trades per day.