Wealth managers

HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.

The Financial Conduct Authority (FCA) has confirmed it is investigating firms in relation to trading on the foreign exchange market.

The Financial Conduct Authority (FCA) has revealed that Barclays bank was the most complained firm in the first half of the year.

The Financial Conduct Authority (FCA) has confirmed it will in future publish information about proposed enforcement actions, naming firms and individuals, before deciding whether it will take action.

Changes introduced as a result of the Retail Distribution Review (RDR) are likely to lower retail advisers' share of the investment market, but they do not represent the "death knell" for the sector, according to an investment group.

Hargreaves Lansdown is in position to be a £39bn beneficiary of the Retail Distribution Review (RDR), according to Barclays.

The Association of British Insurers (ABI) is to enhance its guidance on unit-linked funds after a Financial Conduct Authority (FCA) probe uncovered "specific" failures in some insurers' governance of the investments.

The Financial Ombudsman Service (FOS) has rejected only one claim at decision stage against advice to invest in Arch cru, since it has started publishing complaints decisions in April.

The Financial Conduct Authority (FCA) has admitted the RDR has created unintended consequences for the wealth management industry.

The Financial Conduct Authority (FCA) has censured Catalyst Investment group for misleading investors in its promotion of ARM's asset backed bonds and has fined its former compliance officer.