President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

Arch cru investors want to know why Capita won't be fined like 27 other firms who they say failed in the same way. Levy paying IFAs should want to know too.

The Money Advice Service (MAS) will be forced to defend claims made in its television promotions - and even the use of the word advice in its name - to the Advertising Standards Authority (ASA).

A trustee tasked with returning money to victims of Bernard Madoff's Ponzi scheme fraud says more than $1bn (£610m) has been recovered from investment funds which placed money with the fraudster.

The tale of the man who didn't lose enough limbs was a bad press day for critical illness cover but use it to explain to clients the importance of comprehensive protection advice.

A suspect in an alledged £10m Ponzi scheme which targeted ex-pats has been extradicted from Spain to Britain to face fraud charges.

AIFA's decision to embrace restricted advisers has gone down like a lead balloon with the industry's twitterati, with one adviser preferring Tesco to his own trade body.

The Financial Services Compensation Scheme (FSCS) levy will increase by £7.3m next year to meet the cost of the collapse of Southsea Mortgage and Investment Company, but only banks are likely to be affected by the rise.

The Financial Ombudsman Service (FOS) has frozen claims related to Arch cru while it waits for the FSA, BNY Mellon, HSBC and Capita to agree on the value left in the fund range.

The dollar touched a three week low against the euro as investors were kept waiting for signs of progress in US lawmakers' attempt to raise the debt ceiling.