News

The FSA could be forced into a major U-turn on platform regulation as the UK's big three providers, with over 80% of total assets, labeled its proposals as "unworkable" in responses to the Discussion Paper.

Institutional shareholders owning up to 15% of Prudential are preparing to write to the chairman telling him they will oppose the insurer's $35bn takeover of AIA.

The row over raising capital gains tax (CGT) to the level of income tax has spiralled all the way to the Treasury, with a senior Tory MP writing to the department in protest.

Government proposals to scrap the default retirement age will damage businesses and lead to a surge in costly employment tribunals, the Confederation of British Industry warns.

Lehman Brothers is to sue JP Morgan Chase for billions of dollars of 'lost value'.

Updated 11.20am: The FTSE 100 is up more than 100 points in early trade, despite weaker news from the US overnight with the Dow closing below the 10,000 mark.

Britain and France are at odds with other European Union countries over plans to insure against future bank failures, in another sign of the problems in trying to forge a common response to the bloc's economic woes.

Warren Buffett, chief executive of Berkshire Hathaway, will testify next week before a US panel on the role of ratings agencies in the financial crisis.

Chancellor George Osborne is being urged to honour his pre-election pledge a Conservative government would restore Britain's savings culture.

Banks must be taxed to end forever the 'unacceptable' bail-outs which cost taxpayers billions, the EU's chief financial regulator says.