UK building societies, including the Nationwide, and former mutuals have become the latest HMRC targets in a crackdown on offshore accounts, according to newspaper reports.

Clive Cowdery's Resolution is rumoured to be in talks with Lloyds Banking Group to buy Clerical Medical for up to £4bn, according to industry observers.

Nearly a third of Britain's nine million active occupational pension scheme members pay no attention to how their retirement savings are invested, according to Prudential.

Friends Provident International (FPI) has launched a protection plan for expats and residents in Asia.

Plum Software has partnered with identity management specialists GB Group to launch an electronic identity checking service to help IFAs avoid breaching FSA regulations.

Ascentric has joined forces with db x-trackers to run further masterclasses on exchange traded funds (ETFs).

The US has punctured Switzerland's secrecy law shielding US citizens with cash stashed in the offshore centre, forcing the Swiss authorities to reveal the names of nearly 5,000 wealthy Americans with accounts in UBS.

Rich Americans are turning themselves in to the Internal Revenue Service (IRS) in droves as the US tax authority steps up its hunt for tax evaders.

The former chief executive of Kaupthing Singer & Friedlander (KSF) is set to profit from a book about his role in the failure of the Icelandic bank subsidiary.

The Chelsea building society has revealed it has lost £41m as a result of mortgage frauds by some of its buy-to-let borrowers.