The number of mortgage applications approved by banks fell sharply in June as the UK was hit by the wettest month on record, figures from the British Bankers' Association (BBA) show.

The Money Advice Service (MAS) was forced to remove several links from its website after a backlash from angry brokers over web links directing consumers to three advice firms.

A financial adviser has received substantial damages after being falsely accused of stealing £5m by the Mail on Sunday newspaper.

The Building Societies Association (BSA) has called for increased action against claims management companies (CMCs) after witnessing a huge increase in complaints.

Axa Bancassurance is to cut 70 adviser roles at Yorkshire and Clydesdale banks.

Retailer Marks & Spencer (M&S) is to launch a chain of in-store banks, offering products including mortgages.

NatWest Intermediary Solutions is introducing a quartet of new deals to its core products and reducing rates on the rest of its range.

Safe Home Income Plans (SHIP) has launched a group to consider the impact fraud has on equity release, and to offer further protection to consumers.

The Financial Services Authority (FSA) has fined adviser Donald McKee Morgan £335,204 for insurance fraud.