Goldman Sachs' chief executive Lloyd Blankfein yesterday denied his bank contributed to the US financial crisis by betting some of its own investment products would fail.

Greece may have to temporarily leave the euro currency bloc in order to shore up its finances, a member of Germany's junior coalition party said today.

The FSA has fined the London branch of Commerzbank £595,000 for failure to provide accurate transaction reports.

Less than half of UK savers are prepared to pay fees for financial advice in findings which will be seized on by the anti-RDR lobby.

FundsNetwork is extending its re-registration offer for advisers by two months.

Greece has sent a formal request for its €45bn EU-IMF debt rescue package to be activated as its financial predicament worsens.

RDR rules stipulating trail commission be passed on to the client when they switch adviser will "devalue" IFA businesses in the eyes of consolidators, Buckles CEO Nigel Speirs says.

The Tax Incentivised Savings Association (TISA) has thrown its weight behind an automated platform re-registration system based on the ISO20022 standard, hailing it "a significant step forward".

Nucleus has posted a record first quarter with total assets on the platform now standing at just under £1.5bn.

Cofunds has launched a set of tools designed to support advisers through the key stages of financial planning, including identifying attitudes to risk and defining goals.