More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.

JP Morgan has agreed to pay $5.1bn (£3.2bn) to resolve claims it misled mortgage lenders before the housing crash.

Britains's embattled long-term savings industry will get a rare boost on Tuesday when figures from the Pension Protection Fund show that the rescue scheme for workers at collapsed companies has increased its assets.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

The Chancellor looks set to decide the future of the taxpayer-backed lender this week following a government-commissioned review of the business.

Some savers with up to £500,000 in their account will have their money fully protected by the government if their bank fails, under new European rules.

Chase de Vere is poised to restructure its corporate advice arm but said that side of the business will remain a core part of the firm.

The Financial Services Compensation Scheme (FSCS) has paid out £5,696,776 in claims related to failed contracts for difference (CfD) trader Direct Sharedeal - with liabilities falling on investment advisers.

Troubled overseas property scheme Harlequin can be saved but investors will have to sign away their right to pursue the company for losses - and wait between three and five years to see any returns, a lawyer close to the situation has said.

A gang of investment fraudsters who conned 73 people out of £700,000 have been jailed for up to six years at Southwark Crown Court.