JPMorgan Chase has announced at least an extra 3,000 job cuts as part of plans to reduce its overall expenses, taking total job losses to 19,000.

Former world heavyweight boxing champion Mike Tyson is suing his financial adviser for allegedly embezzling more than $300,000 from him.

Her Majesty's Revenue & Customs (HMRC) should "name and shame" those who create, sell or use tax avoidance schemes to discourage activity which is costing the Treasury billions of pounds a year, a committee of MPs has said.

Standard Life is in discussions to acquire the private client business of Newton Investment Management for up to £90m, according to a report.

The Financial Services Authority (FSA) has uncovered evidence of incompetency among investment advisers at a number of banks and building societies - resulting in unsuitable advice in some cases - following a mystery shopping exercise.

European leaders are set to announce a long-term deal that would see the EU budget cut, in real terms, for the first time since the European Union was created.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.

Self-directed wealth platform Hargreaves Lansdown has posted record half-yearly revenue and profits as the business noted a "general trend" towards DIY investing as a result of changes brought about by the Retail Distribution Review (RDR).

Barclays has announced that Chris Lucas, its group finance director, and Mark Harding, the group general counsel, are to retire from the business.

The Financial Services Compensation Scheme (FSCS) is proposing to budget more than £7m for expenses related to recoveries in 2013/14, including from advisory businesses who recommended Keydata bonds.