Lloyds Banking Group (LBG) will no longer offer a mass market investment advice service for clients with less than £100,000 to invest.

A former Credit Suisse trader was arrested in London on Wednesday and faces extradition to the US on fraud charges involving subprime mortgage bonds worth $3bn (£1.9bn).

Rowan Dartington has launched a fee-only independent financial advisory business, after acquiring a significant stake in Stafford House Investments (SHI).

Mark Zinkula, the chief executive of Legal & General Investment Management (LGIM), has become group executive director of Legal & General (L&G).

Experts have questioned how effective the latest round of quantitative easing (QE) in the US will be, with the chances of success "finely balanced".

A quick round up of what happened over the summer - just in case you were distracted by sport and holidays.

HSBC Global Asset Management has launched an RDR ready share class on its passive fund range.