Four gang members have been handed prison sentences for helping to orchestrate a £12m VAT fraud.

A preliminary deal has been reached for the Icelandic government to repay funds to the UK and Dutch governments lost from the collapse of Icesave.

The FSA has secured winding-up orders from the High Court against two unauthorised UK firms operating a collective investment scheme.

The Government is sitting on a war chest worth billions of pounds that could be used to help reduce the national debt or finance new spending plans.

Legal & General is set to provide significant funding for the Football Association's new National Football Centre.

The release of internal research by the FSA outlining the correlation between qualifications and better advice has been delayed, despite calls for more evidence on the issue from MPs.

Two former directors of collapsed foreign exchange firm Crown Currency Exchange have been arrested and released on bail.

FSA chief executive Hector Sants has been awarded Honorary Fellowship of the Chartered Institute for Securities & Investment (CISI), alongside BBA chief executive Angela Knight.

The FSA is contacting more than 49,000 people to warn them they could be targeted by boiler room share fraudsters.

The FSA has banned a stockbroker from working in financial services following his role in a scheme that set out to ramp up the share price of a technology company.