(Updated: 9.15) Asian indices fell overnight, mirroring losses in the US and Europe, over fears about the impact a Greek exit from the single currency could have on the rest of the region.

Legal & General (L&G) has named group chief financial officer Nigel Wilson as its new chief executive, replacing the outgoing Tim Breedon, who departs from the role next month.

Senior Liberal Democrats believe the party may have to "disengage" from government early to avoid a heavy defeat at the next general election in 2015, according to reports.

Andrew Moss, the chief executive officer of insurance giant Aviva, is leaving the group.

Funds under management at wealth manager St James's Place have hit a record £31bn.

Lloyds Banking Group has set aside an extra £375m to cater for a new raft of compensation claims related to the mis-selling of payment protection insurance (PPI).

The vast majority of advisers who risk-rated the Arch cru funds ranked them as either low, low-to-medium or medium risk investments, FSA figures suggest.

Some Barclays shareholders are expected to vote against the pay of its top executives at the bank's annual general meeting on Friday.

Standard Life Investments (SLI) increased assets under management in its third party business to a record level of £76.1bn in Q1, as a result of demand for fixed income and GARS, as well as positive market movements.

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.