High Street banks stand accused of gambling the hard earned savings of customers by failing to stick to rules for financial advice, following an undercover probe by the City watchdog.
In another day of shame for the industry, the Financial Services Authority has published a devastating dossier exposing how salesmen at six top banks gave poor and misleading advice that put customer nest eggs at risk.
One bank, Santander, is understood to have been referred for further enforcement action by the regulator and today announced it has suspended its face-to-face investment advice service until further notice.
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