Hundreds of Co-operative Bank bondholders, who face losing at least 30% of their investments through the lender's debt-to-equity capital-raising proposals, have joined a campaign challenging the bank's plans.

Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.

Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.

A former UBS and Citigroup trader, one of three men arrested in December as part of a Serious Fraud Office (SFO) and City of London Police investigation into the manipulation of LIBOR, has been charged.

Legal & General (L&G) is to make its unit trust business part of Legal & General Investment Management (LGIM) as the group undergoes a restructure.

The Co-operative Bank has reached agreement with the Prudential Regulation Authority (PRA) to plug a £1.5bn capital hole in its balance sheet.

The Royal Bank of Scotland (RBS) is set to announce 2,000 job cuts on Thursday, after it emerged chief executive Stephen Hester is to step down, according to reports.

National Savings & Investments (NS&I) is reducing the interest rates on its income bonds, Direct Saver and Direct ISA from September, in response to the ongoing low interest rate environment.

Lloyds Banking Group has admitted to failings in its handling of payment protection insurance (PPI) complaints, following an undercover investigation.

Advisory firms who have achieved excellence in running a platform-enabled business or practice are being invited to submit entries for the prestigious annual Aberdeen UK Platform Awards.