John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed, Investment Week, IFAonline's sister title, understands.

Lloyds Banking Group has reported a statutory loss of £3.9bn in the first nine months of 2011 after being hit with a £3.2bn provision for payment protection insurance (PPI) claims.

Hollywood legend Robert De Niro is to play disgraced financier Bernie Madoff in an HBO movie he will produce, according to reports.

Providers of Solar VCT investments have moved to close their latest schemes after the government proposed bringing forward the deadline for slashing subsidies.

Part nationalised bank Royal Bank of Scotland today reported clean operating profits had fallen sharply in the third quarter, while it had also taken a loss on its Greek debt holdings.

The deputy governor of the Bank of England has revealed how the Monetary Policy Committee (MPC) nearly raised rates earlier this year, before the downturn hit markets.

Greece's Prime Minister George Papandreou has called an emergency cabinet meeting for this afternoon as speculation mounts the country's government is about to collapse.

Greece sent markets tumbling overnight after announcing plans to hold a referendum on the European debt deal designed to save the country.

Henderson Global Investors has bought in ex-Chelsea and current Real Madrid boss José Mourinho to front its latest ad campaign.

The Chancellor George Osborne has pledged to stop cash from British taxpayers being used to fund the eurozone bailout.