The Financial Services Compensation Scheme (FSCS) is to consider the implications for its claims process after a decision to reject its appeal against a High Court judgement, which determined it failed to properly compensate an investor who lost money in foreign property.
Private equity firm Phoenix Equity Partners has bought a £35m stake in Key Retirement Solutions (KRS).
The shortage of affordable homes in England is locking young people out of the property market for more than a decade, says Shelter.
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Bank of England (BoE) governor Mervyn King was defeated in his final bid to inject more stimulus into the UK economy, minutes from last month’s minutes show.
The Financial Conduct Authority (FCA) has banned and issued its largest ever fine of nearly £1m to a retail sole trader for sale and rent back failings.
The Parliamentary Commission on Banking Standards has criticised the government’s involvement in the day-to-day running of the Royal Bank of Scotland (RBS).
Technology provider Mortgage Brain has launched iSourceMortgages, an iPad sales tool and product sourcing app for brokers.
Banking bonuses and pay structures have not supported and probably derailed high collective industry standards, concluded the Parliamentary Commission on Banking Standards in a report out today.
The Cypriot president has asked eurozone officials to overhaul the country's €10bn bailout plan due to its unmanageable impact on the Cypriot economy, according to reports.
The long-awaited Parliamentary Commission on Banking Standards report has criticised the government's handling of part-nationalised UK banks and recommended criminal sanctions for senior executives who behave "recklessly".
Two companies which feature in the BBC Three programme 'The Call Centre' have been fined £225,000 over nuisance calls relating to Payment Protection Insurance (PPI).
A senior intermediary industry manager will become the Bank of England’s first chief operating officer in July.
Labour MP Paul Blomfield will introduce a private members bill on Wednesday with the aim of creating a harsher regulatory environment for payday lenders.
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