Berkshire Hathaway's Warren Buffett has said the US government should immediately raise taxes on high earners to aid the economic recovery.

A decision by the FSA to ban and fine the chief executive and chief financial officer of a hedge fund manager on grounds of deceiving investors has been upheld by the Upper Tribunal.

Who moved where in another busy week in financial services?

Openwork-owned adviser 2plan has been awarded more than £87,000 after winning a High Court battle against the husband and wife owners of an IFA business acquired by the company in 2009.

A contact on Twitter highlighted an article in a US publication explaining why wives don't tend to fire financial planners, but widows do, writes Martin Bamford of Informed Choice.

It's been a tumultuous week for traders on the floors of the world's biggest stock exchanges. Here's how they took it all in...

The FTSE opened more than 2% higher on Thursday after the Dow Jones shed 520 points lower in overnight trading amid concerns that France would become the next economic superpower to lose its AAA rating.

Earnings at Aegon UK declined in the second quarter as the insurer continues to pay millions in customer redress following administrative problems at Scottish Equitable.

Advisers say the FSA is letting firms down by failing to rubber-stamp key rules, preventing them from planning into next year and beyond.

Update (1:07pm): The FTSE briefly joined the bear-market club on Tuesday before regaining most of the day's losses as global markets continue to experience extreme volatility.