THE UK arm of banking giant Credit Suisse has been fined £5.95m by the City regulator for failing to sufficiently assess the risk a complex investment product posed to customers.Read
THE Halifax is set to pay £500m in compensation after it failed to tell 600,000 customers that it was increasing the rate it charged on its standard variable rate mortgage.Read
FINES levied by the UK markets watchdog nearly tripled during 2010 to a record £89m – as the regulator stepped up enforcement action in the wake of the financial crisis.Read
THE City regulator bowed to pressure and said it hoped to reveal details of its inquiry into the collapse of Royal Bank of Scotland by the end of March.Read
HSBC chief executive Michael Geoghegan is to step down by the end of the year in a major boardroom shake-up at the banking giant, according to reports.Read
THE City regulator has handed out its third and final fine under an inquiry into staff manipulation of mortgage arrears figures at Northern Rock in the run-up to its collapse.Read
PHOTO booth firm Photo-Me International outlined plans to strengthen the business as it recovers from hefty losses and a £500,000 fine from the UK financial watchdog.Read
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