A report is calling for the government to raise the 40p income tax threshold to stop hundreds of thousands of extra people falling into the bracket.

Banking giant UBS could cut thousands of jobs in London and a total of 10,000 worldwide as part of a plan to split its operations.

The Financial Services Authority (FSA) "should and could" have intervened in the Royal Bank of Scotland's (RBS's) ill-fated acquisition of ABN Amro, a damning report by the Treasury Committee concludes.

A man has been arrested for plotting to detonate a bomb in front of the Federal Reserve in New York, following a sting operation conducted by US authorities.

The Financial Conduct Authority (FCA) will likely "go further" than the Financial Services Authority (FSA) in challenging providers on their products' target markets and charges.

The incoming Prudential Regulation Authority (PRA) may impose restrictions on what staff at banks and investment firms can earn if the levels of remuneration pose a threat to the business's health.

Hargreaves Lansdown is set to reveal a new pricing structure to reflect changes brought about by the Retail Distribution Review (RDR), as it reported record revenues for the three months to the end of September.

Lord Adair Turner has said one of the major flaws in the regulatory structure which failed to avert the financial crisis in the UK was the FSA was "asked to do too much".

The Conservative government will not introduce a 'wealth' or 'mansion' tax on the rich, but will step up its pursuit of those who are not paying the taxes they should, Chancellor George Osborne said today.

The Prime Minister David Cameron and Chancellor George Osborne have ruled out introducing a wealth tax on high earners or an annual levy on expensive properties - two proposals central to the Liberal Democrats' plans.