The UBS AG company logo hangs above the entrance to the company’s Broadgate offices in London. UBS Group  will pay $545 million to settle US investigations into its role in manipulating currency and interest rates. Photograph: Bloomberg

They were known as the “Cartel” or the “Mafia” among their peers. The unsubtle nicknames were given to a group of traders who at one time worked for f(...)

Clydesdale Bank  has been fined £20.7 million by the Financial Conduct Authority in a record penalty relating to the bank’s “serious failings” in handling payment protection insurance (PPI) complaints.

Britain’s financial regulator has fined Clydesdale Bank a record £20.7 million for failings in how it handled insurance mis-selling claims, including (...)

Giving it back: credit card holders may be in line for compensation payouts of several hundred euro for having been incorrectly sold payment protection insurance

Not so long ago, consumers across the State were getting payouts of several hundred euro for having been incorrectly sold payment protection insurance(...)

The High Court was informed last week that the case had been settled and it was struck out by Mr Justice Raymond Fullam

EY, which was auditor to Worldspreads prior to its 2012 collapse, has settled a lawsuit brought against it by the KPMG administrators of the bust spr(...)

First Minister Peter Robinson described the sale of the loans to Cerberus last year as “excellent news”. Photograph: Brian Lawless/PA Wire

Former Nama debtors in Northern Ireland are being treated “less than sympathetically” by the US-based investment firm that bought their loans, British(...)

A HSBC logo is pictured behind the flag of the canton of Geneva at a Swiss branch of the bank.  Annual profit slumped  17 per cent to $18.7 billion at the bank. Photo: Reuters

HSBC chief executive Stuart Gulliver has admitted the banking giant “disappointed” last year after its annual profits slumped 17 per cent.The company (...)

The FCA will also consider undertaking a separate market study into whether customers are getting value for money when buying asset management services.

Britain’s financial watchdog will launch its first review of competition in investment banking and corporate banking services, saying the benefits of (...)

“No government minister had any knowledge that HSBC may have been involved in wrongdoing in regard to its Swiss banking arm prior to the reports of the last couple of days”

The UK government insisted yesterday that ministers did not know the full facts about the HSBC tax scandal until this week, in a collective closing (...)

The City regulator is cracking down on equity crowdfunding after finding that most companies in the fast-growing sector were misleading investors abou(...)

Stock trading. Reckitt was fined for breaches of listing, disclosure and transparency rules

Britain’s financial regulator has fined Reckitt Benckiser for not informing the market properly about share trading by two senior executives in the la(...)