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FCA fines Merrill Lynch for incorrect reporting

Pound Coin

Merrill Lynch International (MLI) has been fined £13,285,900 ($19.98m) by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.

Goldman Sachs warns on election result

Nicola Sturgeon

Goldman Sachs has warned that a Labour victory in the general election - and particulary a tie-up with the SNP - would be bad for British business and could damage confidence in the economy and financial markets.