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People with their main residence abroad who regularly visit the UK and consider themselves outside the UK tax net should think again, according to Baker Tilly.

Bradford and Bingley International, now a wholly owned subsidiary of Abbey, has launched three fixed rate bonds.

Royal Bank of Scotland (RBS), the struggling bank, is preparing to axe up to 3,000 staff across its worldwide workforce as it braces itself against the onslaught of the global recession, The Times reports.

Zurich plans to realign its agency distribution model in Hong Kong in a drive to equip its agents with skills and long-term incentives to meet customers' and regulators' expectations.

VAM Funds has appointed Stephen Reddaway as business development consultant for Europe.

Barclays was trying urgently to renegotiate the terms of its £7bn fund raising on Wednesday night following a bitter shareholder revolt over the terms offered to its Middle Eastern investors, The Telegraph reports.

Corazon Capital has launched its Geneva-based business, designed to offer discretionary portfolio management to investors and advisers in the region and those using Switzerland as a financial base.

GCC markets have posted chaotic results in the third quarter, reflecting global markets, while funds registered for sale in the region have plummeted, according to Lipper.

The chief executive of HSBC, the world's fourth-largest bank, yesterday warned that the state-sponsored bail-outs of western banks could encourage a return of reckless behaviour in the City and other financial centres, The Guardian reports.

Standard Life has launched three types of trust to its Wrap platform, which can be used with an offshore investment bond.