The FTSE 100 has opened 1.3% lower this morning as global indices continue to decline.

The Chartered Institute for Securities and Investment (CISI) is launching an alternative assessment option for existing advisers from August.

Clare Bousfield will take over as chief financial officier for Aegon's UK operations.

Banks in the eurozone will suffer "considerable" loan losses in 2010 and 2011, potentially leading to €195bn (£165bn) in futher write-downs, the European Central Bank (ECB) warns.

The Chancellor is "listening" to concerns about a planned rise in capital gains tax (CGT), Work and Pensions Secretary Iain Duncan Smith has said.

HM Revenue & Customs (HMRC) accidentally sent out other people's private details, including bank account data, to thousands of customers.

David Cameron has hinted he is preparing a climb-down on raising capital gains tax (CGT), after the planned move stoked open rebellion from his own party.

The Financial Services and Skills Council (FSSC) has appointed Liz Field permanent chief executive.

The row over raising capital gains tax (CGT) to the level of income tax has spiralled all the way to the Treasury, with a senior Tory MP writing to the department in protest.

Banks must be taxed to end forever the 'unacceptable' bail-outs which cost taxpayers billions, the EU's chief financial regulator says.