The FSA has publicly censured a brokerage as part of its thematic project into the quality of mortgage advice, and would have fined the firm £24,000 were it not in financial difficulty.

Mortgage borrowers languishing on their lender's standard variable rate (SVR) could save £705m a year by remortgaging, according to Impartial.co.uk.

Newcastle Building Society has launched a 100pc capital guaranteed Clean Energy Select account via its new dedicated intermediary service, Newcastle IS.

The Financial Services Authority has told investment banks to improve checks to prevent mis-pricing of trading positions and to stop firing staff who work in valuation control functions, reports The Independent.

The UK economy failed to grow during the second quarter of 2008, making a recession appear increasingly likely.

Heightened recessionary fears and a growing incidence of shorting is causing "unprecedented" volatility in the commercial property market, according to the latest quarterly property investment perspective from Reita.

Investec Structured Products has launched series five of its one-year structured deposits, following high levels of interest from advisers.

Lloyds TSB Group and Halifax Bank of Scotland (HBOS) led the financials fight back on Friday, as the FTSE soared.

Leeds Building Society is to cut its fixed rate mortgages by up to 0.5% from today.

F&C has added it Lifestyle range to the Simply Biz and Compliance First Capital Reward scheme, broadening its distribution of funds.