Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.

Six UK bank bosses are to form a taskforce designed to help get lending to businesses back on track.

L&G has reported its IFRS operating profits grew 34% to £542m for the first half of the year, helped by its strong investment and international arms.

Axa Wealth reported new business rose 45% to £1.9bn in the first half of 2010, helped by its Elevate wrap and a hike in the sales of personal pensions and offshore bonds.

Chinese hedge fund manager Li Lu may be Warren Buffett's successor at Berkshire Hathaway.

The FSA plans to strengthen its Remuneration Code to encompass over 2,500 firms which will include setting firmer rules on bonus structures for key staff.

Mervyn King wants a new breed of regulators focused on public service and not huge banking-style pay packages when responsibility for financial regulation transfers from the FSA to the Bank of England in 2012.

The Bank of England has made a £5.5bn full-year loss on the assets bought under its quantitative easing (QE) programme to prop up the battered UK economy.

Barclays, RBS and Lloyds shares have all rocketed today on news the Basel Committee plans to water down its capital and liquidity reform package.

Who is running BP?