The International Monetary Fund (IMF) has slashed its growth forecasts for a number of major European economies for 2012 due to ongoing concerns about the region's recovery.

Morgan Stanley Smith Barney has this morning confirmed the sale of wealth manager Quilter to private equity firm Bridgepoint, in a deal reportedly worth £175m.

The government will push ahead "in full" with plans to cap welfare payments for families despite a defeat in the House of Lords.

(Updated) Shares in accountancy and advisory group RSM Tenon have fallen 28% after the company announced it expects to report a loss for the second half of 2011.

Labour Party leader Ed Miliband has challenged the Prime Minister to intervene in the ongoing row about RBS chief executive Stephen Hester's bonus.

Financier Allen Stanford is to stand trial in Houston on Monday charged with masterminding a $7bn 'Ponzi' scheme in which more than 20,000 people were lured by the promise of high returns.

The Post Office has launched a new issue of its popular inflation-linked savings bond.

The Financial Services Authority (FSA) has awarded accredited body status to the Institute of Chartered Accountants in England and Wales (ICAEW) and the Pensions Management Institute (PMI).

Henderson has named Jim Irvine, who currently heads up the fund manager's structured products and advisory unit, as head of its £16bn fixed income business.

St James's Place (SJP) welcomed £5.2bn worth of new single investments in 2011 as the wealth manager boosted total funds under management to £28.5bn, up 6% over the year.