Anne Gunther, the former Standard Life Bank chief executive, will take over as head of troubled building society Norwich & Peterbourgh (N&P).

Over-regulation by the FSA and some of the highest income tax in the world is deterring business from investing in the UK, and putting the country's recovery at risk, according to a CBI report.

Three European asset management firms have accused banks including Bank of America Corp., JPMorgan Chase & Co., HSBC Holdings Plc, Barclays Bank Plc and Credit Suisse Group AG of conspiring to manipulate Libor.

So how did N&P's advisers take the company from a safe-as-houses building society to the centre of one of the biggest mis-selling scandals of the decade?

The FSA has fined Norwich & Peterborough (N&P) £1.4m for giving unsuitable advice on Keydata products, and the building society will have to payout approximately £51m in redress to customers.

The Monetary Policy Committee (MPC) should keep interest rates at 0.5% until November, as any rise will cause "disastrous consequences" for the UK economy, a group of influential economists has warned.

A record monthly increase in eurozone inflation unexpectedly sent the annual rate to a 29-month high in March, strengthening expectations that the European Central Bank will tighten monetary policy further this year.

Tesco Bank has confirmed it is on course to launch into the mortgage market this summer, as it aims to become a full-service retail bank.

The Chinese economy grew a faster-than-expected 9.7% in Q1 and its inflation rose to the highest level in almost three years despite government attempts to slow surging growth.

Professional Partnerships founder Gill Cardy will takeover as head of proposition at FinPlan software provider Bluecoat.