Wealth managers

More British bankers were paid more than a million euros (£860,000) each in 2011 than the rest of the European Union (EU) combined, according to the European Banking Authority (EBA).

The Financial Ombudsman Service (FOS) has seen a 179% increase in complaints about financial products and services in the first quarter of the 2013/14 financial year.

The Serious Fraud Office (SFO) has charged two former brokers at RP Martin Holdings Limited with offences of conspiracy to defraud in connection with the investigation into LIBOR manipulation.

Troubled overseas property company Harlequin is in "advanced discussions" with investors over its further funding and a company restructure, according to a law firm involved in the talks.

The head of the Financial Conduct Authority (FCA) has revealed details of its thematic review into the £902bn unit-linked funds sector - and said it is also looking into the annuity market.

The Financial Services Authority handed out fines totalling more than £400m in the last year before it was overhauled, a huge jump from previous years amid mammoth fines for banks over LIBOR failings.

Regulatory reform costs of the former regulator, the Financial Services Authority (FSA) more than doubled in the last year of its operation and could in future be levied on firms, the FSA annual report has revealed today.

Staff costs at the regulator were £15.4m higher than budgeted for following its decision to make a one-off contribution of £22m to reduce its defined benefit pension scheme deficit.

Financial Conduct Authority chief executive Martin Wheatley received a remuneration package of £650,000 last year, it has been revealed.

The Treasury has taken control of LIBOR away from the British Bankers' Association and handed it to New York Stock Exchange following the rate rigging scandal.