Wealth managers

A loophole in planned banking reforms could leave taxpayers on the hook for billions of pounds in the event of another financial crisis, Bank of England governor Sir Mervyn King has warned.

UBS could be hit with a record penalty by the Financial Services Authority (FSA) next week following the rogue trade which cost the bank $2.3bn.

A financial adviser from Henley-on-Thames has been jailed for 14 months after giving false financial advice to an elderly woman.

F&C has appointed Ross Duncton to spearhead its new direct to consumer push, part of chairman Edward Bramson's strategic review of the business.

Credit Suisse is to combine its private banking and asset management divisions to create a wealth management arm.

The Financial Ombudsman Service (FOS) has revealed that it is awaiting a lead decision on investments in failed firm Keydata before it decides the fate of thousands of investors seeking redress.

BP has agreed to pay $4.5bn to settle charges related to the 2010 Deepwater Horizon disaster.

The Financial Services Authority (FSA) has successfully prosecuted a two-timing investment banker for insider dealing.

The Financial Services Authority (FSA) is to produce fewer and more concise consultation papers in an attempt to better connect with firms.

L&G has unveiled its plans for adviser charging post-RDR, which include facilitated adviser charging and the removal of commission.