Baby boomers have done "disproportionately well" from the last 40 years, but it is the under 45s who will bear the burden as they retire, the shadow universities and skills secretary will say next week.

Dubbed the "Red Knights", a group of financiers has met to discuss a billion-pound takeover of Manchester United.

Lord Turner will tell Parliament today regulators such as the FSA should force new, higher, capital and liquidity ratios on the world's largest banks.

The LV= with-profits fund generated a return on investment of 15.4% in 2009.

The Treasury has denied rumours it will step in to help victims of the Keydata debacle, saying it is an "FSA and FSCS" issue.

Solicitors will have to battle it out with banks, supermarkets and insurance companies for legal business from Q4 next year, leading some to suggest they will be more eager to link up with financial advice firms.

Two men have been charged with defrauding Allied Irish Banks and Bank of Scotland (BoS).

FSA fines "could treble" under the regulator's new income-linked framework for penalty setting.

HM Treasury may step in to support victims of the Keydata Investment debacle, according to reports.

The US economy grew 5.9% in the fourth quarter of 2009, up from 2.2% in the previous three months, revised GDP figures show.