Bank of America Merrill Lynch is close to agreeing a $16-$17bn settlement over its handling of mortgage-backed securities in the run up to the financial crisis, according to reports.

JO Hambro Capital Management is considering rolling out a multi-asset range as it looks to benefit from pension reforms, its chief executive has said.

The use of super clean share classes by certain platforms is beginning to cause 'unintended restrictions' for clients trying to re-register to alternative platforms.

Wealth manager Rathbone Brothers has agreed to pay £15m as part of a conditional settlement to end a two-year dispute involving a former director which has already cost it £5m in legal fees.

The Financial Conduct Authority (FCA) has fined a former senior J.P. Morgan banker £450,000 after he disclosed inside information to contacts.

Taxpayers lost out on roughly £1bn in the Royal Mail initial public offering due to poorly-priced shares, MPs have said.

Alex Salmond has been accused of pressurising Scottish financial services representatives not to release a report on independence.

Business executives and sport stars - among them David Beckham - have been warned they must pay HM Revenue and Customs more than £520m after a government crackdown on tax avoidance schemes.

Goldman Sachs Asset Management is seeking to woo retirees with the launch of three multi-asset funds designed to meet a series of risk profiles.

Central bankers are to confirm later today whether they will act on growing concerns about the housing market.