Wealth managers

Four men have been banned from working in financial services over their ‘disgraceful' behaviour in relation to occupation pensions which saw them net £4m in unnecessary commission.

Four former bosses of collapsed Icelandic bank Kaupthing - including its chief executive and chairman - have been jailed for between three and five years in the heaviest sentences for financial fraud in Iceland's history.

The Financial Conduct Authority (FCA) and North and West Yorkshire police have this morning arrested one male on suspicion of insider dealing and market abuse.

Lloyds Banking Group has been hit with a record fine by the Financial Conduct Authority (FCA) for retail conduct failings - related to serious flaws in the controls over sales incentive schemes - of over £28m. But what went so wrong?

Fines levied by the regulator against the financial services industry have soared by 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) leaves its mark.

The Financial Conduct Authority (FCA) has fined Lloyds Banking Group a record £28m "for serious failings" relating to its sales incentives.

REGULATION

Asset managers and wealth management firms have expressed support for the government's plans to scrutinise partnerships and LLPs in a clampdown on tax avoidance.

Banks paid out £81.2m last month to compensate businesses mis-sold complex interest rate hedging products.

The European Commission has collectively fined six international financial institutions €1.7bn (£1.4bn) for their involvement in the manipulation of benchmark rates.