Credit Suisse Group is to pay around $30m (£22.6m) to US regulator the Securities and Exchange Commission (SEC) to settle charges the bank obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA)

A record 22,400 minimum wage workers are to receive a total of £1.4m in backpay, latest HMRC statistics reveal

Chancellor Philip Hammond has rejected pleas from MPs to consider further reform of business rates in light of the current problems facing high street retailers, but has indicated that the government is looking at ways to level the playing field with digital-only businesses

Better data sharing between different bodies could give a significant boost to Scotland's public finances after an exercise conducted by Audit Scotland identified nearly £19m of fraud and error across the public sector

Employees across Europe are coming under increasing pressure to compromise ethical standards, according to a survey by the Institute of Business Ethics (IBE), while almost a third have come across examples of misconduct at work

Kenny Craig, partner, and Ken Pattullo, regional managing partner, of Begbies Traynor have been appointed provisional liquidators to Scottish video games retailer Game Centre Ltd, which has ceased trading with the loss of 39 jobs

The Financial Reporting Council (FRC) has named Mike Suffield as acting executive director of audit and actuarial regulation following the announcement that the previous postholder Melanie Hind (nee McLaren) is to step down to take up a family opportunity overseas

The Financial Conduct Authority (FCA) has published its near final rules on the extension of the senior managers and certification regime (SM&CR) to almost all regulated firms so that firms can understand what steps they need to take to prepare for its implementation

The Financial Conduct Authority (FCA) is consulting on plans to publish a new directory to help consumers and firms check the status and history of individuals working in financial services, with the aim of widening the information publicly available and putting it all in one, user-friendly place

Andrew Watling, partner, and Simon Campbell, director, from Quantuma have been appointed joint administrators over Herculaneumco Ltd, a company which is developing Herculaneum Quay in Liverpool, a tower block intended to house 118 luxury apartments

In the latest career development updates, SIPPs pension transfers at risk, KPMG South Africa cuts 400 staff amid firm restructure, Pimlico Plumbers loses appeal over workers’ rights

With regulation of crowdfunding being somewhat loose, Richard Tall, corporate partner at Faegre Baker Daniels, considers how the regulator, the Financial Conduct Authority (FCA), could strengthen oversight and improve governance standards