The FOS has ruled Meteor Asset Management caused investors in its Lehman-backed plans to lose their money, in a Final Decision set to smash open the floodgates of a £12m compensation claim.

The IMA has distanced itself from earlier proposals to launch a judicial review into the funding of the FSCS, as it looks at "other options" to tackle the levy on behalf of its members.

HMRC plans to suspend online access for the public at the end of the tax year, despite admitting to MPs this week that its telephone-based service is "not acceptable".

The G7 nations are intervening in currency markets for the first time since 2000, on fears a crippled Japanese economy and political upheaval in the Middle East could combine to derail the global recovery.

Riskier assets are delivering a rebound on hopes the Japanese authorities are taking control of the crisis hit country, countering renewed concern about Libya which is again boosting the oil price.

UK banks have about £136bn of exposure to crisis-struck Japan, but it is "too soon" to judge the full hit to Britain's financial sector, the FSA says.

A solicitor, who has been accused of committing more than £650,000 worth of mortgage fraud, has been warned by a judge that he faces a prison sentence.

Mark Green, head of tax and estate planning at Legal & General, offers his tips on what tax changes to expect in next Wednesday's Budget.

Lloyds-owned mortgage provider Cheltenham & Gloucester is to stop accepting applications via its intermediary business at the end of the month.

Regulators in the UK, US and Japan will widen their probe into Libor fixing in the banking sector to include more than 15 banks, according to insiders.