News

Who moved where in another busy week in financial services?

Bank of America's share price fell by 20% as US financials were routed in Monday trading over growth fears and S&P's downgrade of the US credit rating.

Growth in the UK has deteriorated for the sixth consecutive month while the global recovery has peaked, according to the Organisation for Economic Co-operation and Development (OECD).

The Advertising Standards Authority (ASA) is pressing ahead with three points raised by complaints about the Money Advice Service (MAS).

Skandia International has announced net sales of £0.3 billion for the first six months of 2011.

Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Argentina and the Cayman Islands.

Cancer survivors are at greater risk of recurrence because they are not physically active enough, Macmillan Cancer Support has said.

AXA PPP healthcare has extended its workplace wellbeing offer to larger sized employers, with a rebate if health improvements are not achieved.

Update 4pm: Heavy losses in the battered US markets have spread to the UK and sent the index of 100 leading shares down 3.3%.

The British Insurance Brokers' Association (BIBA) is supporting targeted regulation of comparison sites.