Wonga will write off the debts of 330,000 customers, worth £220m, after the FCA found flaws in its system for assessing the ability of borrowers to pay back their debts.
Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).
A financial adviser has been charged with 12 counts of fraud which is said to have netted him over £1m worth of clients assets.
The Financial Conduct Authority (FCA) has charged the former treasurer and head of tax at supermarket giant Morrisons with insider dealing.
Eight staff members have been dismissed by Lloyds following an investigation into the LIBOR rate fixing scandal that saw the bank fined £218m.