Santander

More than £10bn has now been returned to payment protection insurance (PPI) policyholders by the banks and building societies that mis-sold it to them, according to the latest figures from the Financial Conduct Authority (FCA).

Santander has confirmed it is "exploring the possibility" of the sale of a stake in its asset management division.

The Financial Conduct Authority (FCA) has reached an agreement with Santander UK that will see the bank contact over 270,000 mortgage customers about unclear information it gave before increasing the cap on its standard variable rate (SVR) in 2008.

Barclays bank has been named as the Financial Conduct Authority's (FCA's) most complained about firm for the second half of last year.

Ex-Schroders head of UK and European credit Adam Cordery has joined Santander Asset Management after exiting Schroders last July.

Santander has confirmed it has stopped offering investment advice to new customers resulting in the potential loss of 724 jobs.

Some of the UK's biggest high street banks are failing to give the right advice to customers on transferring and managing their cash Isas, according to the results of a 'mystery shopping' exercise.

More than 20 fund management groups are to set to make a formal offer to buy 315 Royal Bank of Scotland (RBS) branches, the Sunday Times reports.

Yorkshire and Clydesdale have confirmed that they will be joining a host of other high street banks to exit the advice market.

True Potential Wealth Management has said it is offering a "new future" to bank advisers who have found themselves out of a job as a result of changes brought on by the Retail Distribution Review (RDR) and the overall downsizing of the market.