Canadian brokerage Canaccord has agreed terms on a takeover of UK wealth manager Collins Stewart Hawkpoint in a deal which values the advisory business at more than £253m.

Another year draws to a close and, amid the hideous market turmoil and the ongoing lack of regulatory clarity, the platform sector seems set to post some impressive numbers.

The best excuse coming out of last year’s MPs expenses scandal came from the lips of Anthony Steen.

The chairman of the Financial Services Authority (FSA) has said regulators are "not clever enough" to spot problem areas and act quickly enough to prevent or limit their damage.

The eurozone faces a "mild" recession in the first half of next year, restricting full-year economic growth in the region to just 0.1%, according to Ernst & Young.

Shares tumbled across Europe yesterday and in the US overnight after ratings agency Moody's disclosed fresh concerns over the European sovereign debt crisis and reiterated it would review the ratings of all 27 EU nations in the first quarter of next year....

The FSA's "deficient" supervision of banks in the run-up to the 2008 financial crisis was partly down to the diversion of senior managers' attention toward matters seen as more pressing at the time, such as the retail distribution review (RDR) and Equitable...

HSBC has announced it will take responsibility for all customers mis-sold investment products by NHFA, a care fees advice business it acquired in 2005.

The FSA has fined Integrated Financial Arrangements plc, which offers the Transact platform, £3.5m for failings in relation to its protection of client money over an eight-and-a-half year period.

Pressure was building on David Cameron last night as senior backbench Tory MPs called for the Prime Minister to approve a referendum on a new euro treaty and to wring "clear gains" from a European summit scheduled for Friday.