Two City traders could be arrested within days over their role in the J.P. Morgan 'London Whale' scandal which cost the firm $6.2bn, according to reports.

HM Revenue & Customs (HMRC) has defended the publication of a tax evaders 'most wanted' list amid criticism from the Labour Party.

Skandia, part of Old Mutual Wealth, is to outsource its administration to global IT and outsourcing firm International Financial Data Services (IFDS) in a 20-year contract.

Ashcourt Rowan Asset Management is to buy the assets of Generali Portfolio Management (UK) and take on its team of seven employees.

Alan Hughes, the former chief executive of First Direct, is to lead a £1bn bid to buy 315 branches of Royal Bank of Scotland (RBS).

A respected think tank has raised its UK growth forecasts for this year and next but warned any recovery is dependent on consumer spending.

Pensions consultant and wealth manager Mattioli Woods has bought Atkinson Bolton Consulting (ABC) in a £6m deal.

RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.

Three more banks are being investigated by the Financial Conduct Authority (FCA) over money laundering, the regulator has revealed.

The next chief executive of state-backed lender Royal Bank of Scotland could be named next week, according to reports.