Barclays Bank

Barclays is set to close its financial advice arm due to declining returns and has promised to refer new clients to IFAs.

The FSA has fined Barclays Capital Securities £1.12m for failing to protect and segregate client money held in sterling money market deposits for over eight years.

Barclays tore up every TCF rule in the book to flog the two Aviva funds linked to today's record-breaking FSA fine. But shockingly, this is not an isolated case of negligent advice from major financial institutions and the big question is who will be next in the firing line?

The FSA has fined Barclays £7.7m, the highest imposed for retail failings, for poor investment advice linked to the sale of two Aviva funds, and has secured £60m in redress for customers.

Goldman Sachs, the US bank which first coined the term BRICS, has issued a short-term alert on China and India over inflation fears.

Banks must be allowed to take risks if they are to step up to George Osborne's plans for a private sector-led recovery, Barclays CEO Bob Diamond told MPs this morning.

The FTSE 100 closed at its highest level since 2008 last night but has fallen back in today's trading following late weakness in the US.

Exchange-traded notes (ETNs) offering access to European volatility are seeing increasing inflows on the back of Ireland's bailout and general eurozone concerns, Barclays Capital says.

Sterling will be the best-perfoming major currency next year as the UK gets its "house in order", according to forecasts from Barclays.

Eric Daniels, chief executive of Lloyds Banking Group, says banks do not need breaking up and are ‘enormously competitive'.