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Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.

More than 5,000 financial advisers, brokers and bankers have been sacked or suspended since the beginning of the financial crisis, according to Financial Conduct Authority (FCA) figures.

The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.

Bradbury Hamilton, a London IFA that bought seven client banks last year and has completed almost 50 deals since inception in 1993, has targeted the Midlands for its next phase of buy-out activity.

HM Revenue and Customers has issued a warning to taxpayers not to be caught out by email phishing scams offering tax rebates in return for bank account or credit card details.

Our armchair critic wants more advisers to embrace direct marketing

Here are five stories clients may have read in the weekend’s papers…

Former Santander adviser Christopher Wathen has been handed an 11-year bankruptcy restriction after he was jailed for stealing clients' money and using it to fund his lifestyle and to gamble.

Adviser confidence in the UK economy has increased markedly from a year ago, a survey suggests.

How much can you remember from the last seven days in financial services?