Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.

The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.

The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).

The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.