Regulation

Bank of England governor Mervyn King said badly managed banks should be left to fold, as he demanded sweeping powers to force financial institutions to be more transparent.

The FSA and the OFT are consulting on guidance to firms in relation to payment protection products - the first time the FSA has become involved in the design of a specific product.

HMRC is preparing to go to court to challenge Stamp Duty tax avoidance schemes that have cost it £35m in lost revenue.

The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

RBS chief executive Stephen Hester has warned if the UK economic recovery is weaker than expected, the bank's results will suffer, a week on from renewed bailout fears for RBS.

David Cameron has promised up to 200,000 extra affordable homes as he unveiled plans to extend Margaret Thatcher's 'right-to-buy' programme.

John Cridland, director-general of the CBI, is calling for a raft of measures to help first-time buyers, including revitalised Mortgage Indemnity Guarantee schemes to reduce the risk of higher loan to value mortgages.

The Treasury and Financial Services Authority(FSA) are heading for a clash over a proposal to allow bidders for Northern Rock's "good" bank to take about £500m out of the lender.

The FSA today handed out the second largest fine for an intermediary to a London-based mortgage for repeated mortgage fraud and deliberately misleading the regulator.

The UK's banks face an annual bill as high as £7bn to comply with the reforms of the Vickers Commission, according to the panel's final report published today.