The Bank of England gave secret, emergency loans worth over £60bn to RBS and HBOS during last year's financial crisis.

Prudential is to withdraw from the equity release sector in the first quarter of 2010 after deciding to deploy capital to other parts of its business.

In London, shares opened up strongly this morning with the FTSE 100 up 1.7%, as miners and energy stocks were driven by buoyant commodity prices.

The Financial Ombudsman Service (FOS) is to take a tougher stance on consumers and firms which purposefully delay cases.

The Government's spending watchdog, the National Audit Office (NAO), is to investigate the FSA.

Aviva says existing investors in its with-profits fund will not be forced to cover any losses incurred by the introduction of a new money-backed guarantee option.

IFA network Openwork has unveiled a three-year plan to gets its advisers ready for the RDR.

The ABI and Association of Member-directed Pension Schemes (AMPS) have published a guide to help SIPP providers communicate more effectively with customers and their advisers.

Banks are unhappy with suggestions they should pay additional levies to fund financial education in the UK.

The Queen has revealed details of the Fiscal Responsibility Bill today, designed to cut Britain's growing budget deficit.