An adviser who worked for now-defunct UK Expatriates IFA Services has been jailed for three years for stealing more than £330,000 from clients.

Woody Allen, Oscar Wilde and Spike Milligan as financial philosophers?

Lloyds Banking Group has stopped selling payment protection insurance (PPI) after declaring the product no longer "economical" for the business.

Developing regional stock exchanges may "fragment" liquidity and narrow the pool of investors available to small and medium-sized businesses (SMEs), a Treasury Green Paper published today says.

AIFA says the FSA has yet to explain a dramatic 37,000 drop in the estimated number of UK advisers.

The Consumer Protection and Markets Authority (CPMA), one of the bodies set to replace the FSA from 2013, will be subject to audit by the National Audit Office (NAO) under rules proposed by the Treasury today.

St James's Place (SJP) is set to announce bumper first half sales this week in a move that may push majority shareholder Lloyds to offload its stake in the company.

Mark Hoban, the City minister, will use a speech to an audience of top bankers and business leaders tomorrow to flesh out the coalition's plans to tear up Labour's regulatory system and disband the FSA.

The UK's four major banks have passed EU stress tests, although five Spanish banks failed, the Committee of European Banking Supervisors (CEBS) said.

Fewer consumers are seeking financial advice before investing their cash, research suggests.