Lloyds Banking Group

Three of the country's largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.

Phone hacking at News International has cost Rupert Murdoch's News Corporation nearly $200m (£126m) to date, the company said last night, as it warned it could not predict the final bill.

IFAs have welcomed Scottish Widows' plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.

Scottish Widows has revealed it is examining the possibility of re-entering the IFA protection market.

Labour leader Ed Miliband will next week launch an attack on bonus culture in all sectors by calling for a Commons vote on the practice.

A eurozone meltdown would plunge Britain back into a two-year recession and send unemployment soaring above 10%, the Institute for Fiscal Studies (IFS) has warned.

Lloyds Banking Group chief executive António Horta-Osório said he will not take an annual bonus for 2011, a year in which the company's shares fell by 60%.

The ten worst offending payment protection insurance (PPI) mis-selling firms could face costs of over £55m to enable regulators to deal with the problem.

IFAonline gives its breakdown of five things your clients may have read in the nationals. This week: Absolute return funds come under the microscope, there's mixed news on the High Street, and one paper tips wine as a possible money-spinner for consumers...

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.