The Financial Services Authority (FSA) has fined Coutts & Company (Coutts) £8.75 million for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls relating to high risk customers, including Politically Exposed Persons (PEPs).
The Bank of England’s new Financial Policy Committee has a key responsibility to explain clearly how it will carry out its responsibility to ensure the UK’s financial stability, the British Bankers’ Association said today.
The Financial Services Authority (FSA) has today (Friday) published its final guidance on the development and governance of retail structured products.
The Financial Policy Committee (FPC) have said that British banks need to increase capital as soon as possible.
The Financial Services Authority (FSA) has published its business plan setting out its priorities for 2012/13, and the implications for the FSA’s budget.
FTSE 100 miner, Randgold Resources, who recently discovered a 5.5 million ounce Gold deposit in Mali have seen share prices (LSE: RRS) drop 15% on news of a partial coup mounted by mutinous soldiers.
The Financial Services Authority (FSA) has won an important victory in the battle against unauthorised businesses after the High Court declared that James Kenneth Maynard, Countrywide Land Holdings Limited (Countrywide) and Plateau Development & Land Limited (Plateau) operated a collective investment scheme without authorisation and sold plots of land unlawfully to UK consumers. Regional Land and Countrywide were trading names used by Maynard.
The fortunes of high street video games retailer, GAME, have taken a turn for the worse, with the group’s board this morning announcing they are ceasing trading of securities on the London Stock Exchange under LSE: GMG.L.
KPMG’s UK Banks: Performance Benchmarking Report highlights how profitability at the UK’s largest banks has suffered at the hands of the Eurozone crisis and the significant costs associated with PPI, the bank levy and regulatory requirements.
The Financial Services Authority (FSA) confirms that WorldSpreads Limited (WorldSpreads), a spreadbetting company, has entered the Special Administration Regime (SAR) on 18 March 2012.