The Financial Conduct Authoritys lifetime ban on an ex-BlackRock managing director who avoided £43,000 in ticket fares has been described as disproportionate and draconian by the head of the representative body for the UKs securities and investment industry.
Directors at the Swiss banking giant Credit Suisse have taken a voluntary 25% pay cut to reflect a $2.6bn (£1.7bn, 2.3bn) fine from the US regulator last year after it helped American citizens evade tax.
HM Revenue & Customs has released its top 10 list of terrible tax excuses, once again showing that creative defences are not limited to schoolchildren who have not done their homework.
A former BlackRock managing director who avoided £43,000 in ticket fares has been handed an industry ban by the Financial Conduct Authority (FCA).
Credit Suisse has been hit with a fine for operating an illegal cross-border banking business that helped thousands of American clients evade tax.
A fine of £300 could be imposed on those who deliberately abuse the new pension tax rules.
Regulators in the UK have fined Royal Bank of Scotland £56m for IT failures which meant customers of three of the groups banks were unable to access banking services.
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 over the sale of Keydata products.
The Financial Conduct Authority (FCA) has imposed its largest ever fine on five banks for their “unacceptable behaviour” in failing to manage risks in G10 spot foreign exchange trading (FX).
The UK’s most complained about advisory firm, Sesame, has been fined over £1.5m for setting up a pay-to-play scheme which promoted the company’s own commercial interests over those of its clients.
A Saudi businessmen is suing Barclays for $10bn in damages, claiming the company struck a secret settlement with the countrys government to further its own interests in the region.
Credit Suisse has returned from a shaky, fine-hampered Q2 to report income before taxes far exceeding CHF 1bn in the third quarter.
