01/09/2012

Tough new laws to put greedy bankers behind bars

Growing public outrage over the severe damage caused by the banking crisis has prompted the Chancellor to prepare a new criminal offence of ‘corporate negligence’ to punish reckless financiers.

01/09/2012

MF Global UK clients pile in before KPMG meeting

KPMG told Reuters the formal applications to reclaim monies and assets from MF Global UK had been flowing in this week and by late Friday the number of claims from clients and creditors was about 4,500.

01/06/2012

Clegg's hopes of a mansion tax fade

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.

01/05/2012

BIBA launches tool to improve compliancy

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

FSA to target firms with ex-NHFA advisers

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

Alliance Trust calls in FSA over share scam

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

City watchdog targets big names

The banks were also ordered to pay at least £160m in compensation to harmed investors, up from £62m in 2010.

01/02/2012

MF Global clients accuse FSA of foot dragging

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

Former Lloyds bosses to be sued over HBOS takeover

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.