The FSA has levied its largest ever fine of £33.32m on J.P. Morgan Securities for client money breaches over a seven-year period.

The FTSE closed slightly down this afternoon after a turbulent day which saw Prudential finally back down from its bid for AIA.

BP could have to slash dividend payments both this year and in 2011, warns Hargreaves Lansdown.

The Czech Republic President has hit out at the eurozone bloc, saying the union has failed to bring meaningful economic benefits to its members.

Deputy PM Nick Clegg has said a taper rule for capital gains tax (CGT) is one of the plans currently being "considered" by the coalition Government.

Annuity rates held firm in June ahead of the Emergency Budget, following several months of falling prices.

The Association of IFAs (AIFA) is working with Legal & General (L&G) to research ways advisers can apply alternative business models to their firms to prepare for "unparalleled change".

More than 25,000 pupils in England, Wales, and Northern Ireland are studying for ifs School of Finance qualifications, potentially laying the foundations for a new crop of advisers.

The Red Knights group of wealthy supporters mulling a takeover of Manchester United has shelved plans to make a bid for the club.

Lloyds group executive director of retail banking Helen Weir has joined the board of governors at the ifs School of Finance.