Reita has called for the FSA to extend its short-selling ban to the commercial property sector.

A Which? report has deemed equity release a last resort, opining that related products could be more trouble than they are worth.

FP Advance has launched an online guide for IFAs thinking of changing their business model.

F&C Investments has appointment Oliver Sonnbichler as a fund manager, bolstering its multi-manager team to four.

IFA group Lighthouse has cut 10% of its workforce in recent months as it redefines its cost base amid the current market downturn.

Global markets have likely seen a "capitulation" stage, though recent gains will need be consolidated before further recovery, according to Peter Lucas, global investment strategist at Ashburton.

The Money Portal (TMP) co-founder Richard Craven is to step down as CEO to be replaced by St James's Place chief executive Mark Lund.

The FSA is believed to be talking to a number of foreign financial heavyweights about a take-over of troubled bank Bradford & Bingley, according to The Sunday Telegraph.

The UK faces "aggressive" pressure from the US Government to set up a similar scheme to its $700bn bank bail-out.

Alistair Darling's promise to avoid ‘knee jerk' reactions to combat weaknesses in the financial system, has done little to bolster investor confidence, as the FTSE plunges 40.06 points (0.75%) to 5271.21.