The Bank of England will not hike interest rates until 2013 as the economic recovery remains "pretty weak," former Treasury adviser Roger Bootle has said, a day after Bank Governor Mervyn King dismissed an early rise due to the "sheer volume of debt in...

Lehman Brothers Holdings is claiming $500m from Barclays for allegedly failing to pay all of the bonuses agreed to when it bought the defunct investment firm's North American business.

Norwich & Peterborough (N&P)'s chairman has claimed a damning internal review of the building society's Keydata sales practices was not brought to his attention until after the investment firm collapsed.

Advisers could be hit with a further compensation bill for Keydata as the FSCS says it has not ruled out another levy linked to the failed investment firm.

IFAs have called for debt management to be regulated on a par with advice, after a series of firm failures which they say damage the reputation of the wider financial services industry.

Standard Life Investments (SLI) has exited the money market funds sector, citing the "substantial" regulatory and capital burden upon the vehicles.

The FSA has signed an agreement to share confidential information with US state regulators, in a deal the Americans say may be at the forefront of a trend towards collaborative regulation.

The FSCS has recouped £28m from Norwich & Peterborough (N&P) after the building society admitted it mis-sold investors Keydata products, putting levy payers in line for a rebate.

Nationals round-up: Risks of bonds, Swiss savings targeted by the taxman and a think tank suggests ISAs should be scrapped.

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.