A group of countries including Germany and the UK have thrown their weight behind an EU proposal to fine member states for failing to cut their budget deficits.

Irish and Portuguese government bond yields have hit fresh lows amid mounting fears of growing economic divergence within the eurozone.

FSA director of enforcement Margaret Cole has been named as one of Europe's most influential women for the second year running.

Newly-launched wealth management boutique Yellow Capital says the RDR has "scared the living daylights" out of advisers and has set out plans to acquire IFA businesses exiting the market.

Axa Wealth has appointed Martin Jennings as managing director of its Elevate platform as part of a restructure of its business which sees a number of new appointments.

Principal Investment Management today launched its new wrap solutions service which it says is ready-made for the RDR.

Ascentric is continuing to wait for the transfer of £50m of Towry assets belonging to former Edward Jones clients as the FSA starts looking into the ongoing debacle.

Fidelity has dismissed fears of a double-dip and has urged investors to look beyond scare-mongering headlines and place economic figures in context.

The European Parliament has ratified the creation of a new framework for financial institutions designed to prevent a recurrence of the financial crisis.

The FSA has fined a firm and two individuals for failures in relation to the sale of Lehman-backed structured products between November 2007 and August 2008.