Banco Santander, the owner of Abbey, is said to be furious about the Government's decision to waive competition rules for Lloyds TSB's £12bn takeover of Halifax Bank of Scotland, reports The Independent.

Standard Life has rolled out an incentive to encourage advisers to re-register clients onto Fundzone.

Russia's two foremost stock exchanges have reopened for business just an hour after they were automatically suspended following a surge in share prices.

The New Earth Solutions Recycling Facilities Investment sub-fund has raised £4m since its July launch.

London & Capital is rolling out the second tranche of its capital-protected Multi Asset Rainbow Plan.

Callum McCarthy says the FSA has been carrying out its supervision work with ‘greater intensity' since last August as it seeks to implement the lessons learnt from the Northern Rock crisis.

GE Money has hiked mortgage rates across its Igroup and First National brands after another mortgage business, part-owned by the firm, was put into administration.

The FSA from midnight last night banned the short-selling of financial stocks, in a bid to ease the extreme volatility in the beleaguered sector.

Checkmate Mortgages has announced the appointment of Jeremy Sillem and Gerald Gregory as non-executive directors.

Nucleus has signed up its 30 th firm so far this year bringing the total number of IFA-member firms to 60, and the number of individual advisers using the platform to over 300.