News

Fines levied by the regulator against the financial services industry have soared by 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) leaves its mark.

The Financial Conduct Authority (FCA) has fined Lloyds Banking Group a record £28m "for serious failings" relating to its sales incentives.

US politicians have agreed a deal to set spending levels until 2015, on the same day that the 'Volcker rule' curbing bank trading was finally passed by regulators.

The UK could be the first developed country to raise interest rates, with a hike coming as soon as next year, according to Fidelity fixed income head Andrew Wells.

RBS finance director Nathan Bostock is to leave the bank to become deputy CEO at Santander UK.

Insurer Zurich has given BlackRock a mandate to passively manage £3bn of its funds sold through Allied Dunbar and Eagle Star brands in a move that aims to create stability for investors.

Invesco Perpetual has begun selling down positions in some of the small and mid-cap companies held by Neil Woodford ahead of the manager's departure in April.

As Aviva Investors prepares for the arrival of its new CEO Euan Munro, Jeremy Leadsom, sales director for UK financial institutions, has played down its plans to launch a GARS-style product in the new year.

Hundreds of multi-asset funds are failing to gain traction among investors despite a concerted push into the space by asset managers, Investment Week analysis shows.

Crispin Odey has taken out a short position on Manchester United as the team has its worst start to a season for 12 years.