JP Morgan Chase is to pay $228m (£143m) to settle claims it rigged transactions of municipal bonds.

Ascentric has extended its choice of tax wrappers with the addition of Sanlam's Transfer Pension Portfolio (TPP), a self invested Section 32.

Rupert Murdoch closes the News of the World in an attempt to salvage the merger of News Corporation and BSkyB, the political deadlock over US deficit reduction plans continues and Buffett digs deep for good causes…we bring you the day's top stories.

The man at the heart of a charitable fund which last year failed to attract sufficient investor interest said government plans to launch an ISA investing in schemes to help the poor are doomed to fail.

Nucleus saw nearly £400m of new business in the second quarter of 2011 as the IFA-owned wrap nears sustained profitability.

FundsNetwork has launched a new website home page on the back of adviser feedback.

Platforms are falling short on service levels despite this being one of the main reasons advisers switch between providers, research suggests.

The government has proposed launching a new small business investment scheme as part of a plan to make the UK the "best place in Europe" for business and enterprise.

Axa Elevate has partnered with Evercore Pan-Asset Capital Management and Collins Stewart Wealth Management to add a further range of discretionary portfolios to its offering.

The number of people employed in the financial services sector increased by around 11,000 in the second quarter - the fastest growth rate since the financial crisis, research suggests.