Wealth managers

RBS has suspended a trader for trying to rig the Singapore dollar swap offer rate, according to reports, in the latest case of interest rate benchmark manipulation.

Barclays has restructured its investment banking arm in an effort to cut costs and limit further reputational damage following the LIBOR scandal.

UCIS provider Connaught Asset Management is to reimburse investors in its Income Series 2 this week.

The Financial Services Authority (FSA) has unveiled plans to tighten UK listing rules to prevent a small number of dominant shareholders having too much control over a listed company.

The Financial Services Authority (FSA) has defended its decision to warn providers and advisory groups about securing "distribution agreements" which may appear to be commission by another name, saying it has evidence of deals which have aroused its suspicions....

RDR

The Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to 'work around' the Retail Distribution Review (RDR) commission ban.

UBS Global Asset Management has launched RDR ready commission free share classes as part of a wider push into the UK retail market.

Investment managers' optimism about their business prospects rose for the third consecutive quarter, despite difficult conditions for the financial services sector, according to the latest survey from the CBI/PwC.

Senior bank staff overseeing traders who set LIBOR will need to be formally authorised by the Financial Services Authority (FSA) under new proposals to combat rate rigging, Sky News reports.