Outgoing Financial Services Authority (FSA) chief Hector Sants has claimed the run on Northern Rock could have been avoided if the central bank had taken on board his recommendations.

Vince Cable is understood to be reconsidering a hard-hitting proposal that would see chief executives face an annual binding vote on their pay and bonuses.

Marlene Shalton is to spearhead a project by Guardian Wealth Management to become a major force in financial planning in the UK.

The Chancellor, George Osborne, is taking legal action against the EU over plans to give a pan-European superviser far-reaching powers to ban or limit the short-selling of financial products, the Financial Times reports.

The British Chamber of Commerce (BCC) has revised down its forecast for economic growth this year, from 0.6% to 0.1%

The Financial Services Authority (FSA) is consulting on reducing projection rates across both personal and corporate pensions so they can be compared on a like-for-like basis.

The Serious Fraud Office (SFO) is being asked to explain why it dropped a fraud investigation against a hedge fund manager who was later fined £3m by the Financial Services Authority (FSA) for deceiving clients.

Uncertainty in the eurozone will remain "for the next few years" and continue to act as a drag on the UK economy, Bank of England (BoE) policymaker Spencer Dale has been quoted as saying.

German Chancellor Angela Merkel and other senior European Union (EU) officials last night called on Greece to shelve plans to quit the single currency and urged it to see out its austerity programme.

HSBC has "postponed indefinitely" plans to move its headquarters from London to Hong Kong, its chief executive said.