Harsh banking regulation will negatively impact the economic recovery and cost upwards of 10 million jobs globally, the world's leading bankers have warned.

Macquarie Wrap has expanded its adviser support team with three new appointments as it looks to strengthen its sales division and focus on adviser relationships.

An elderly man taken ill in New Zealand is struggling to pay for medical treatment because his money is caught up in the Towry transfer debacle.

A City law firm says a judicial review into the legality of forcing existing advisers to sit further qualifications would stand little chance of success after the idea was mooted by lobby group Adviser Alliance.

The FTSE advanced almost 1% in late afternoon trading as investors shrugged off concerns relating to Ireland's credit rating downgrade and disappointing US economic data.

Wealth manager Ashcourt Rowan has made two new appointments to its business development team as the business embarks on the next stage of its expansion.

The FSA has proposed setting the new FSCS deposit compensation limit for investors at £85,000 - but says it may revise this figure if the euro-sterling exchange rate deteriorates.

Close Asset Management has appointed Beverley Lavin head of financial planning as the firm looks to grow its wealth management business in the run up to the RDR.

The Institute of Directors (IoD) wants a further £50bn in quantitative easing, on top of the £200bn already injected into the economy to boost the money supply.

Global markets have rallied on the back of Japan's cut in interest rates, with the FTSE and Dow both up over one percentage point.