Hector Sants has said the Prudential Regulation Authority's approach towards banking supervision will fundamentally differ from past practices as he set out a more "intensive" blueprint based on forward looking judgements.

With embattled Dominique Strauss-Kahn resigning from the IMF amid rape allegations a vacancy has arisen for the top spot.

Lloyds has told the government it will fight off any attempt at forcing it to sell off more branches than already agreed.

Dominique Strauss-Kahn resigning as head of the IMF, Japan's economy plunging back into recession and Lloyds Banking Group shareholders venting their anger over executive pay…we bring you today's top stories.

The Prudential Regulatory Authority - the new regulator taking over the supervision of big UK financial institutions in 2013 - should be charged with investigating bank failures and making its findings public, Hector Sants has said.

Lloyds Banking Group shareholders have voiced their disapproval over executive pay at the part-nationalised bank.

The yen has plunged against a basket of currencies after the Bank of Japan said the economy lies in a perilous state.

HBOS is understood to be at the centre of Lloyds's admission it is one of several banks being investigated by US authorities for Libor manipulation.

Cofunds has appointed Mike Preston as head of platform consultancy for its intermediary service.

Nucleus has announced a 113% surge in revenues for the first three months of the year in what was a record quarter for the IFA-owned wrap.