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One of the German government's closest economic advisers has warned the euro has a "limited chance of survival" and may only last for another five years.

Banking giant HSBC has proposed reducing staff numbers by 1,149 as part of a restructure of its wealth business.

Towry has added to a growing list of new arrivals, as the firm plans to expand through acquisitions following an aborted float.

The Treasury has warned an independent Scotland could have dire implications for sterling, leaving the UK pound vulnerable to speculators.

The FTSE 100 continued to recover today as banks lifted the index higher on signs that some of the instability in Europe is coming to an end.

Threadneedle parent company Ameriprise Financial is preparing an £800m bid for Scottish Widows Investment Partnership, according to reports.