Treasury minister John Glen today announced a £120m government-backed compensation scheme for LCF mini-bond victims which will pay up to 80% of losses up to a maximum of £68,000.

London Capital & Finance (LCF) mini-bond victims hoping for compensation have been dealt a blow by a court judgment.

One of the things that has always puzzled and dismayed me about the miserable London Capital & Financial (LCF) debacle is: where were the whistleblowers?

The FCA has scrapped performance-related pay and bonuses for senior FCA executives and is to cut average salaries for executive committee members this year following the £236m collapse of mini-bond provider London Capital & Finance.