FCA found “systemic weaknesses” in network’s systems and controls for recruiting and supervising advisers.
Update sets out terms of costs review with report to be published in December.
City of London Law Society calls Budget proposals ‘seriously misguided’.
Regulator says high risk cases are taking up resources.
Bank has allocated a further £600m in PPI redress in the first half of 2014.
No evidence found for regulator’s claim that EU directive is holding back progress on the long-stop.
FCA may bring in additional line of senior management.
Four out of seven payday loan adverts reported to the ASA in March have now been banned.
Approved persons regime will continue to apply to IFAs but not bank advisers.
IMF report addresses lack of housing supply, which is driving up house prices.
Regulators propose allowing clawback even if bonus is spent.
First major lawsuit resulting from Keydata collapse has been filed against US brokerage.
Investment banking profits are down 18 per cent year-on-year, pushing down overall profits by 7 per cent.
Regulator has set aside an additional £500k for legal advice for senior staff involved in probe.
Parliamentary inquiry into EU regulation told mechanism needed to help deal with “massive” misselling problem.
Blackwell has condemned the “truly shocking conduct” displayed by Lloyds employees who rigged key benchmark rates.
FCA final notice details failings which led to fine.
Bank has been fined a total of £218m including fines from US authorities.
Bonuses are being awarded despite the FCA still investigating claims that GRG forced small businesses into default in order to boost profits.
FOS ruled Berkeley Burke failed to carry out adequate due diligence on Ucis investment.
Lender has no plans to bring its LTI cap in line with its high street rivals.
MPC members feel lending volumes will be suppressed longer than expected.
The regulator says it knows of one individual who took his own life after losing his pension to fraudsters.
Cost of delivering Chancellor George Osborne’s guidance guarantee could spiral as savers access the service as many times as they like.
Review of ETV pension transfers found poor advice in a third of cases
FCA final notice for Financial Ltd reveals catalogue of failings on recruitment and supervision of advisers.
Principal ombudsman Caroline Wayman will head up the FOS with immediate effect.
Redress may be due to customers over Ucis and pension-switching recommendations.
Regulator would have imposed £12.6m fine if it were not for firm’s financial position.
Individual faces 13 charges, including fraud.
Labour peer Lord Kennedy has pressed the Government over what qualifications guides will need.
Barclays, Lloyds and RBS are to announce to a further £1.5bn in PPI redress, Sky News reports.
The lender has placed an income multiple cap of 4.75 times income on all residential applications.
Regulator confirms fine after Upper Tribunal decision in May.
The Financial Ombudsman Service has reported a 46 per cent drop in year-on-year complaints between April and June.
Serious Fraud Office launches inquiry into allegations Carney says could be bigger scandal than Libor.
FCA reveals there will be no limit to how many times savers can use the service in retirement.
FCA proposes advisers paying largest proportion of guidance levy.
Regulator urges Sipp operators to take action in ‘Dear CEO’ letter.
Advice firms will be told to provide redress after review identified poor practice.