Lloyds Banking Group has dismissed as "rumour" reports it may sell part of its fund management business in a bid to raise cash following its bailout by the UK Government.

Lloyds Banking Group is among the early losers on Thursday despite reports it is considering a new form of capital to offer to shareholders in a bid to cut its use of the Government's insurance scheme for toxic assets.

A former Credit Suisse banker has been found guilty of fraud after deceiving investors into buying risky investments that led to $1bn (£610m) of losses.

The Financial Ombudsman (FOS) has agreed to defer by three months its decisions on complaints relating to Lehman Brothers-backed structured products.

Warren Buffett's Berkshire Hathaway investment conglomerate has admitted it may have miscalculated the downside risks to the fall of the global markets last year, writes The Telegraph.

Two of Britain's biggest insurers are poised to slash dividends this week, potentially derailing the stockmarket's blockbuster summer rally, The Times reports.

Hermitage Capital, a London fund manager, has started legal proceedings in the US that will seek to connect Renaissance Group, a leading Moscow investment bank, to alleged fraud and money laundering involving the theft of hundreds of millions of dollars...

The FTSE 100 once again headed higher this morning after closing ahead on Monday for the 11th consecutive session.

Up to 400 former customers of failed derivatives broker Global Trade Europe (GTE) are set for compensation payouts.

Cheery results for a trio of US bluechip giants kept the Dow Jones in with a shout of posting positive gains for a fifth straight day on Friday.