The IMA has welcomed the proposal for a special resolution segime and is calling for the establishment of a financial stability legislative committee.
Bank of Ireland Offshore has launched a 3 Year Growth Bond. The fixed term deposit bond tracks the FTSE 100 and the Nikkei 225, offering the potential to earn up to 32% gross at maturity with 9.75% AER, while guaranteeing initial capital.
Aviva and Friends Provident have revealed a combined near-£300m exposure to Lehman Brothers in the wake of the investment bank's slide into bankruptcy this week.
The Federal Reserve last night announced an $85bn rescue package for ailing AIG to prevent the insurer becoming the latest and largest casualty of the credit crunch.
Lloyds TSB is in advanced merger talks with HBOS to create a UK retail banking giant, the BBC reports this morning.
Barclays has reached a $1.75bn (£1bn) deal with Lehman Brothers to acquire the bankrupt bank's core North American assets.
Bond investors in Lehman Brothers face an anxious few days wait to determine the losses incurred following the bank's weekend bankruptcy.
The FSA has moved to reassure HBOS investors on the financial resilience of the UK's largest mortgage and savings organisation.
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Allianz Global Investors' RCM BRIC Stars fund is available as a life link to the AXA Wealth Management range.