In London, shares gained some ground through the afternoon as investors showed increased confidence in the banking sector

A cap on annual contributions might be a more equitable way of reducing the percentage of tax that benefits the highest earners, an influential House of Commons committee says.

The British Virgin Islands (BVI) Financial Services Commission has warned the public NATF Corp is not licensed to carry on financial services businesses in or from the offshore jurisdiction.

There should be a greater level of "productive overlap" between the Bank of England and FSA on financial supervision, according to a Government report on regulatory reform.

Ted Scott will not be returning to F&C as an investment manager following his period of ill health.

US banks must raise around $75bn to meet new capital requirements outlined by regulators, following yesterday's stress test results.

The Association of IFAs (AIFA) is calling for the re-establishment of the 'Law of Agency' to help clarify the distinction between 'sales' and 'advice'.

Friends Provident is attempting to restructure its bond debts to improve its capital stability, it has revealed today.

F&C stalwart Ted Scott is set to return to the asset manager following a period of ill health, but will no longer run any funds.

Sesame is urging the FSA to conduct a full cost benefit analysis of the RDR, amid fears many adviser businesses will become unprofitable due to the regulatory burden.