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.

The FSA has fined one IFA firm and censured another for advice failings on unregulated collective investment schemes (UCIS) and geared traded endowment polices (GTEPs).

The compliance industry is out of step with the FSA over how to assess clients' attitude to risk, exposing advisers to unnecessary enforcement action, IFA consolidator Succession warns.

J.P. Morgan Chase & Co. has reported quarterly profit rose 67%, but revenue at the US bank remains under pressure amid sluggish loan growth and mounting mortgage costs.