The Financial Services Authority (FSA) has publicly censured a mortgage broker who "recklessly" submitted incomplete mortgage applications for himself.

The banking crisis has been as damaging to the UK economy as a world war, a top Bank of England (BoE) official has said.

An adviser jailed earlier this year for more than 40 fraud-related offences has been banned by the Financial Services Authority (FSA).

Old Mutual said it is "progressing well" with plans to build Old Mutual Wealth into a leading wealth management business, but is taking further steps to address its cost base.

An adviser who recommended a client invest most of his pension savings in an offshore property fund has been told to purchase his client's investments and compensate him following a ruling by the Financial Ombudsman Service (FOS).

The Serious Fraud Office (SFO) has officially ended attempts to trace the assets of Keydata bond manager SLS Capital SA, after a lack of success.

Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.

Wealth manager St James's Place (SJP) has stepped up recruitment activity ahead of implementation of the Retail Distribution Review (RDR) and on the back of the withdrawal of some advisory firms from the market.

Former Conservative cabinet stalwart Michael Heseltine is to argue the coalition government cannot continue on its current economic path in a "damning" critique of its growth strategy.

Incidences of whistle-blowing to the Financial Services Authority (FSA) have increased markedly since the onset of the financial crisis four years ago, figures suggest.