Quick catch-up: Eight stories you may have missed over Christmas

The FCA scrapping its banking culture review, the worst performance from the FTSE 100 since 2011 and a tough year for Warren Buffett were among the key stories of the past fortnight.

FCA abandons bank culture review The Financial Times reported a review of Britain's banking culture has been ditched by the regulator only months after launch. According to people familiar with the situation, the FCA has abandoned the study as it believes each company is unique and cannot be compared easily. The move has prompted criticism in the press that the regulator is letting banks off lightly, as they struggle to rehabilitate themselves after recent scandals. Conservative MP Mark Garnier, who is also a member of the Treasury Select Committee, told the Financial Times it wa...