The Securities and Exchange Commission (SEC) has slapped a $90m (£73m) penalty on Credit Suisse AG which has admitted it misrepresented how it determined a key performance metric of its wealth management business

The Treasury and the Department for Work and Pensions (DWP) are to go ahead with plans to develop a single public financial guidance body responsible for all debt advice, money and pensions guidance, rather than having two different bodies, one focused on pensions and the other on more general issues

Brexit is the top business concern for chief financial officers (CFOs), who are planning on cost cutting and balance sheet retrenchment in response, according to research from Deloitte

Commercial property deals have been hit by Brexit while high end residential sales were already stalling due to tax changes, but the continual tax clampdown on buy-to-let investors is simply adding to a stalling market, warns Kersten Muller, partner, real estate at Grant Thornton UK LLP

HMRC has issued a paper outlining the outlining its records management and retention and disposal policy, which must also be supported by any third parties handling HMRC documentation

Newly-established trust and corporate services provider Zedra has agreed a deal to acquire Barclays UK trust business for an undisclosed sum, following on from its acquisition of the bank’s wealth management business earlier this year

Two female financial service professionals, who work for J.P. Morgan and BNY Mellon, have been awarded for their individual achievements in the Black British Business Awards

In a supreme cost cutting exercise, Finance Mole contemplates slashing the hotel budget and booking Airbnb, which turns out to be the wrong decision

Keith Underwood, managing director of Foulger Underwood gives tips for accounting practices considering succession plans and considering selling their firms in the run-up to retirement

Brexit will have a negative impact on Scotland’s economy regardless of how the UK negotiates the departure from the EU, with the potential loss of up to 80,000 jobs and wages falling by £2,000 a head per year, according to analysis by an economics thinktank

EY has announced combined global revenues of $29.6bn (£23.3bn) for its financial year ended 30 June 2016, up 9% compared with the previous year and marking its sixth consecutive year of growth in what the firm termed ‘a difficult business environment’

Jersey has introduced a ‘regulatory sandbox’ to enable businesses that provide virtual currency exchange services to experiment and test new products and applications in the crown dependency