UK Finance News

The Financial Services Authority (FSA) say that under a proposed  new scheme, some of the fines that it hands out for breach of market regulations could treble in size, if the proposals are adopted for regulation in 2010.
The new approach is designed to permanently change the behaviour of those who breach market rules by imposing [...]

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Chancellor Alistair Darling has warned UK bankers not to slip back into their old ways as though the financial crisis had never happened as he promises a much tougher regulatory system to control banks.
Darling did not mince his words in an interview with The Independent when he said; “There are people who are too complacent [...]

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Royal Bank of Scotland are set to unveil a pay package for CEO Stephen Hester that has been accepted by the banks shareholders including UK Financial Investments , the body that manages the tax payers 70% of the business.
An agreement was reached with shareholders on Friday and today’s Financial Times believes the deal to be [...]

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You would be forgiven for believing that UK MPs are exempt from the Prime Ministers claim that the government would not tolerate a system that rewards failure with large pots of cash.  Labour Employment Minister, Tony McNulty became the second cabinet minister to be named and shamed for collecting cash benefits relating to his parental [...]

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New York Attorney General Andrew Cuomo has announced that he expects to recoup around half of the $165m bonuses paid out by insurance group AIG after the company was bailed out by the US government in September last year.
AIG had posted accounts for the last three months of 2008 showing the biggest quarterly loss in  [...]

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