Economics / Markets

The UK taxpayer may never recoup the £66bn spent on bailing out Royal Bank of Scotland (RBS) and Lloyds Banking Group, MPs have warned.

The eurozone has officially entered recession, the latest GDP data shows, as growth in core economies was offset by a surprisingly weak figure from the Netherlands.

Global credit ratings agency Moody's has warned the UK is at risk of losing its AAA status should the economy slide into a triple-dip recession.

US indices slumped overnight as prospect of politicians at loggerheads over the fiscal cliff continued to worry investors.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

A Loughborough-based financial advisory firm is one of the first to consider moving into legal services following changes to the Legal Services Act made in January this year.

As Greece finds itself making headlines once more, eurosceptic John Redwood has warned a euro break-up is still on the cards.

IFAs that outsource fund management may be "abdicating their responsibilities," according to the founder of Belfast-based firm Carrington Wealth Manager.

Poor interim results from Vodafone have pushed the FTSE 100 down 0.9% to a two-month low in morning trading.

Wealth management business Quilter and Co. is to merge with discretionary investment firm Cheviot Asset Management to form a new firm, Quilter Cheviot.