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Lord Mandelson has warned that Lloyds TSB and HBOS will not get their £17bn rescue package unless the planned merger goes ahead, increasing Government pressure on shareholders to vote in favour of the deal, according to The Telegraph .

The $54trn credit derivatives market faces a delicate test as $360bn worth of contracts on now-defaulted derivatives on Lehman Brothers are due to be settled on Tuesday, according to a report in The Telgraph .

Prudential is considering handing a 20% stake to a sovereign wealth fund to bankroll a bid for part of AIG, its stricken American rival, The Times reports.

The FTSE100 has pushed ahead in afternoon trading despite another sluggish start on Wall Street.

Hong Kong Chinese people continue to turn to family and friends for financial advice, but it may not be good enough to withstand testing global financial conditions, warns Zurich International Life (ZIL).

The Bank of England faces cutting borrowing costs to beneath 2% - or even as low as 1% - within months as it battles to protect Britain from the financial crisis and the worst recession in decades, economists said.

The Treasury is preparing to relax an implicit five-year ban on newly nationalised banks paying dividends, in an effort to keep the bailout on track, reports The Times .

More than 3,600 IFA firms are now using Unbiased.co.uk's 'Online Marketing Package' (OMP), which offers advisers an enhanced listing on the web-site's 'Find an IFA' search.

Conforto Financial Management, has completed its second deal in three months with the acquisition of IFA Christie Scott's for an undisclosed sum.

The Compliance Register will be hosting its awards for 'Outstanding Service to Compliance and Regulation' (the OStCaRs) on Monday December 8.