The FSA today said it "welcomed" the government's intention to give regulators new powers to publicise when a warning notice has been issued against a firm, but claimed the powers do not go far enough.

(Updated) The FTSE 100 was well below 5,100 late morning as investors sold off shares following the Fed's latest move to stimulate the US economy.

Heavy selling dominated the early trades on London's FTSE on Thursday after the Federal Reserve painted a gloomy picture of the global economy.

Operation Twist - the Federal Reserve's latest attempt to boost economic growth in the US - sent markets globally tumbling overnight, with major indices in the US and Asia shedding up to 3%.

Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.

The Federal Reserve will not pump extra money into the ailing US economy, but policymakers last night unveiled a new scheme which they hope will stimulate growth.

The FSA and the Swiss Financial Market Supervisory Authority (FINMA) are launching an independent investigation into the events surrounding the huge trading losses incurred by UBS, allegedly as a result of the actions of 'rogue trader' Kweku Adoboli....

US President Barack Obama last night said the US government will unveil a "more ambitious" deficit reduction plan after urging lawmakers to pass a wide-reaching jobs creation programme worth an estimated $450bn.

National Savings & Investments (NS&I) today announced both its fixed interest savings certificates and index-linked savings certificates have been withdrawn from general sale - because they are attracting too much investment.

Capital Economics' Roger Bootle is among 20 of the UK's leading economists urging the coalition to drop the 50p tax rate, calling the top levy a "self-defeating" way for the Treasury to raise money because it risks driving away the nation's wealth creators....