FCA

Lloyds Banking Group has been hit with a record £117m fine by the Financial Conduct Authority for mishandling of payment protection product complaints.

Financial Conduct Authority chief Martin Wheatley has supported the asset management industry's claim that it does not pose a threat to financial stability.

Eight men have been convicted for their roles running an unauthorised investment scheme which lost 110 investors more than £4.3m.

The Financial Conduct Authority (FCA) could up the amount of easily accessible cash advisers have to hold a percentage of their yearly investment advice earnings, in a bid to stop firms failing in the face of a "normal" level of complaints.

The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.

Stewart Ford is seeking £650m in damages from the financial regulator and auditor PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.

The Financial Conduct Authority (FCA) is seeking to fine former Keydata chief executive Stewart Ford £75m and ban him from any role in financial services for failings related to the investments' sales and, ultimately, failure.

The Wealth Management Association (WMA) has attacked the "failure" of the RDR to clearly define 'independent' advisers and suggested MiFID II's description would be a better suggestion.

The Financial Conduct Authority (FCA) has laid the groundwork for firms to come to market with ‘robo-advice' models, its director of strategy and competition Chris Woolard has suggested.

Deutsche Bank shareholders voiced their lack of confidence in the company's leadership during its annual meeting yesterday, with 39% voting against approving the performance of the group's co-chief executives.