RBS chief executive Sir Fred Goodwin has this morning resigned as boss of the beleaguered banking group.

The Government will pump £37bn into ailing banking giants RBS, HBOS and Lloyds TSB.

As summer comes to a close, holidays become a distant memory and the nights draw in, the months ahead could prove to be gloomy.

The UK's second largest building society Britannia is in talks with Co-operative Financial Services (CFS) over a future merger.

The FSA's Retail Mediation Activities Return (RMAR) regulatory reporting system has encountered difficulties in the early stages of its launch.

LV= has completed its acquisition of the Highway Insurance Group, further expanding its fast growing general insurance division.

Skandia Investment Group (SIG) is planning to launch five new US funds into the UK, providing advisers with one of the most comprehensive fund offerings for the US market.

The credit crunch will "set the City back a decade" and cost 62,000 City-workers their jobs, according to the centre for economics and business research (cebr).

Equity release provider Key Retirement Solutions (KRS), insurance broker and employee benefits consultant Heath Lambert Group and Diabetes UK have teamed up.

JP Morgan, WAY Octopus Cautious Total Return and Jupiter Japan Income have been named as the highest performers under the Financial Express Crown Ratings system.