An offer by US hedge fund CarVal to rescue Keydata backer Lifemark from liquidation is not "gone forever", say sources close to the situation.

The cost of capital for companies with controversial environmental and human rights records should be higher than more ethical companies, says Aviva Investors.

The FSA's new bonus rules are "fraught" with legal problems which could lead to endless challenges through the courts, PricewaterhouseCoopers (PwC) warns.

UPDATE: The FTSE has bounced back from heavy losses earlier this afternoon on the back of weak GDP figures from the US.

Keydata owes HMRC £12m in unpaid tax, which is more than double previous estimates, according to the FSA.

The FSA today publicly censured The Garrison Finance Centre for advice failings involving geared traded endowment policies (GTEPs).

Norwich & Peterborough (N&P) Building Society will no longer offer structured products to its customers after having its fingers burnt in the Keydata debacle.

Aegon is launching a monthly 'ezine' to thousands of advisers with details of online planning tools and updates.

Governor of the Bank of England Mervyn King has attacked the way some banks are treating loyal business clients as "heart breaking".

The Government is planning to scrap the default retirement age in the UK from October 2011.