Wealth managers

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.

The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.

Investors in the collapsed Arch cru fund range who sign up to a payment scheme set up by the funds' authorised corporate director, Capita Financial Managers, are in line to receive markedly less than forecast.

The government plans to scrap what it has branded the "failed" approved person regime in financial services and replace it with a new senior persons regime.

The Chancellor George Osborne is to back proposals for harsher punishments for bankers who act recklessly and lead to the collapse of financial institutions.

Advice from retail investment advisers on shares, derivatives and other investment products that are not classed as retail should be included in the regular complaints reports the Financial Conduct Authority (FCA) receives from firms, the FCA has said....

The Financial Conduct Authority (FCA) is set to examine wealth managers' and private banks' business models as it establishes a new division to scrutinise the sector.

European Union lawmakers have narrowly rejected a proposal to cap fund mangers' bonuses, a decision which if approved would have blocked payouts from exceeding annual salaries.

Standard & Poor's has cut the credit ratings of Barclays, Credit Suisse and Deutsche Bank due to "uncertain market conditions".