National Westminster Bank has today been fined £264.8m at Southwark Crown Court for money laundering in one of the biggest cases of its kind in the UK. 

The FCA has confirmed that the 45-year-old sterling LIBOR rate will be killed off at the end of the year.

Industry pension experts have expressed concern about new FCA retirement income data revealing that more than 40% of pension savers are withdrawing from their pension pot at an annual rate of 8% or more.

Treasury Committee MPs have questioned FCA CEO Nikhil Rathi over the regulator’s bonus scheme, fee rises and backlogs in firm authorisations.