Mortgage lending has more than halved over the past twelve months as the effects of the credit crunch and financial crisis hit banks and building societies.

AWD Chase de Vere Wealth Management has received a £1.12m fine from the FSA for major failings that led to mis-selling.

The FTSE was approaching a 2.5% drop in early trading on Tuesday after poor UK house sales data hit confidence and Morgan Stanley lowered its growth estimates for the Euro area.

Prime Minister Gordon Brown has hinted he will make reforms to mortgage and small business lending rules.

The UK insurance and asset management sectors received a welcome boost today as the Treasury announced two new government industry groups to ensure their long term strength.

The Conservative Party has proposed £2.6bn of tax breaks to employers who hire new workers, under plans to revive a UK economy heading into recession.

Housing transactions have hit a new low as the financial crisis continues to erode confidence in the housing market, according to data from the Royal Institute of Chartered Surveyors (RICS).

The chief executive of HSBC, the world's fourth-largest bank, yesterday warned that the state-sponsored bail-outs of western banks could encourage a return of reckless behaviour in the City and other financial centres, The Guardian reports.

Furness Building Society has teamed up with Key Retirement Solutions (KRS) to offer its members independent advice on equity release options.

We recently submitted our RMAR Report to the FSA and were surprised to receive a very stern response telling us that it was not accurate.