Tuesday, January 03, 2006

FSA still to clear BBB's plan for raising capital


Berkeley Berry Birch, the struggling independent financial adviser network, said that the Financial Services Authority had yet to agree that its capital-raising plans were adequate.

BBB, which reported its interim results late on Thursday, is fighting to raise capital to save the business after the FSA started enforcement action in April against three of its businesses for inadequate capital resources.

See full Article.