Wealth managers

REGULATION

Former Chancellor Alistair Darling, who oversaw the bail-out of RBS and Lloyds in 2008, has urged the government to avoid a rapid disposal of taxpayers' stakes in the banking giants.

While asset managers have enjoyed 12 months of healthy bottom line growth, some of the UK's highest profile wealth managers appear to be at a different stage of the cycle.

UK banks need to raise billions more in capital to cover their risks, the regulator has said.

The Financial Conduct Authority (FCA) has issued its largest ever fine on a retail sole trader - nearly £1m - for sale and rent back failings.

The Financial Conduct Authority (FCA) has banned and issued its largest ever fine of nearly £1m on a retail sole trader for sale and rent back failings.

The Financial Conduct Authority (FCA) has asked Hargreaves Lansdown to share details of its negotiations with fund groups over clean share class pricing.

A former UBS and Citigroup trader, one of three men arrested in December as part of a Serious Fraud Office (SFO) and City of London Police investigation into the manipulation of LIBOR, has been charged.

The Serious Fraud Office (SFO) is set to begin the first criminal prosecution in the LIBOR-rigging scandal and could charge a former UBS and Citigroup trader this week, The Times reports.

The Court of Appeal has overturned a High Court ruling which would have allowed a judicial review of a Financial Services Authority's Regulatory Decisions Committee (RDC) determination.