The Bank of England has warned lenders it is considering changes to the way bonuses are measured to make it far harder for investment bankers to justify their multi-million pound awards.

JC Flowers, the American private equity firm, has set aside a £1.5bn "war chest" to buy mortgage books from British banks after failing to purchase Northern Rock.

Aviva is considering selling a chunk of the billions of pounds worth of UK pension assets it owns as it looks to boost the amount of capital it holds on its balance sheet, according to reports.

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.

Sanlam Private Wealth has written to lawyers for the Financial Services Compensation Scheme to dispute their claims that it gave negligent advice on Keydata products, saying it has never advised on the investments.

An IFA has written a scathing open letter to Financial Services Authority chief executive Hector Sants, calling for his resignation over the closure of an EEA life settlement fund just days after the regulator said it wants to ban the investments.

The uncomfortable position advisers who recommended Keydata are in today is exactly where those who advised on Arch Cru could soon find themselves...

The Investment Management Association (IMA) consulted just four IFAs about the overhaul of its Managed sector model.

A law firm is encouraging IFAs facing compensation claims from the Financial Services Compensation Scheme (FSCS) in relation to Keydata investments to band together for a better chance of defending the claims.