Finance ministers from across the European Union have agreed to increase their bank deposit guarantees to at least €50,000.

Paradigm Mortgage Services has today launched a new quarterly compliance newsletter, Target.

Friends Provident will host its third online adviser seminar tomorrow, with a focus on changes to welfare reform and the impact on clients.

Base rates should be cut by 1pc tomorrow, which would enhance the MPC's reputation and demonstrate that it grasps the urgency of improving the dire state of markets, according to Douglas McWilliams, chief executive of cebr.

The Government may need to partly nationalise the entire UK banking system to bring any sort of stability to the current economic crisis, RLAM's Bradley Mitchell says.

Alliance & Leicester (A&L) has suffered the indignity of being hit with the third largest ever FSA fine after it was found to have "serious failings" in its telephone sales of payment protection insurance (PPI).

The FSA has fined Alliance & Leicester (A&L) £7m for serious failings in its telephone sales of payment protection insurance (PPI).

Fidelity Special Situations fund manager Sanjeev Shah has followed the lead of predecessor Anthony Bolton and made a strong move back into the markets.

A UK recession is already well underway and the Government needs to slash interest rates immediately to avoid "huge damage" to the economy, the British Chambers of Commerce (BCC) warns.

Iceland's government has nationalised the country's second largest bank, Landsbanki, which is also a major provider of savings products in the UK.