01/06/2012
The corollary of this is that the 50p tax rate is likely to remain for the duration of the parliament. The Lib Dems will not accept the abolition of the top rate unless it is replaced with some kind of wealth tax.
01/06/2012
PwC in record fine over its JP Morgan auditing
The independent arbitrators found PwC, now lead by chairman Ian Powell, wrongly reported to the Financial Services Authority that JPMSL had complied with client money rules which govern the segregation and protection of client funds.
01/06/2012
A spokesperson for the firm said: “We can confirm that Marc van Campen and a part of his team is leaving the firm
01/05/2012
Initially, members will be pre-registered to include a number of free search credits and will continue to benefit from competitive rates, which BIBA has negotiated for them.
01/04/2012
Punitive damage awards are "very rare" in arbitration rulings, according to Craig Stein, a securities lawyer in Palm Beach, Florida.
01/04/2012
A source familiar with the situation said where there were individuals from NHFA working in similar roles at other advice firms then those firms would be looked at by the regulator.
01/04/2012
Barclays has been warned that its reputation is being "tarnished" by the persistent use of "complicated financial structures" to boost profits.
01/04/2012
The Group specialises in the six key industry sectors of financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and pharmaceuticals and life sciences.
01/04/2012
Alliance Trust has alerted the Financial Services Authority (FSA) after a number of its shareholders received bogus telephone calls purporting to buy shares at double the market value.
01/03/2012
The banks were also ordered to pay at least £160m in compensation to harmed investors, up from £62m in 2010.
01/02/2012
The City regulator is under growing pressure to launch a review into its handling of MF Global's UK administration amid accusations it neglected clients of the failed broker.
01/02/2012
Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis.
01/02/2012
"The government does not intend to use the option to merge the central bank with the market regulator" until current central bank governor Andras Simor's mandate expires
12/30/2011
The Financial Services Authority has been passed documents claiming that individuals working for Warburg Pincus International (WPI) behaved in ‘an unlawful way’ over a failed property deal in which millions of pounds disappeared.
12/29/2011
A manhunt was underway today for a florist who vanished shortly before he was given a jail term for masterminding a £1.3m fraud at Barclays banks across Middle England.
12/28/2011
His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.
12/28/2011
The FSA has had to contend with a year of investment scandals as it tries to lay the foundations for the RDR.
12/26/2011
PricewaterhouseCoopers faces up to £1m fine over JP Morgan Securities' audits
Sources close to the case claim the fine will be between £500,000 and £1m, which is around 2pc of the £34m initially envisaged by some.
12/26/2011
A Christmas card with a difference has been sent to Liberal Democrat ministers and spokesmen: a prompt card listing key points they must make in every media interview.
12/26/2011
Data supplied following a Freedom of Information Act request reveals that the regulator has sought just one extradition over the last five years.