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The ten worst offending payment protection insurance (PPI) mis-selling firms could face costs of over £55m to enable regulators to deal with the problem.
The chief executive of UBS has attacked the government for its neglect of the City, warning tougher regulations could see investment banking businesses move from the UK and Europe to Asia and the US.
In September the Financial Ombudsman Service (FOS) published company specific complaints data for the first time while the ABI has published company aggregated data.
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A LONG-HELD LAW which placed banks above other claimants in insolvency cases has been overturned by the House of Lords but this could make getting a small business loan tougher, says the Daily Telegraph .
THE FINANCIAL SERVICES AUTHORITY has lost friends at the Treasury it seems - contrary to suggestions from the FSA last week – as the Chancellor has thrown his weight behind Tony Blair's criticism of the regulator, says this morning’s Daily Telegraph .
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