The FSA is set to publish its first "health alert" shortly to warn about risky financial products, in a bid to halt the stream of mis-selling scandals.

Investment banks believe the FTSE 100 will end the year above 6,000 points - despite the turmoil of recent weeks, according to a new survey.

French and German leaders are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis.

George Osborne and Vince Cable are set to go head to head over the Vickers' report into banking reform, as they debate the timetable for ringfencing retail banking operations.

Foreign boiler room scams are conning British customers out of millions of pounds a year by claiming they are promoting ethical investments in forests, bio-fuels and carbon credits, police warn.

DOES A SHORTING BAN WORK?

Unsure what to tell your clients on the events of the past week and implications for their investments?

Warren Buffett's Berkshire Hathaway made a profit of $806m on lending Goldman Sachs $5bn to help the bank through the last financial crisis.

Asian stocks have slumped on Monday, extending one of the worst sell-offs in recent years, after Standard and Poor's cut the US' AAA-credit rating.

S&P's decision to cut the US' prized AAA-credit rating puts the superpower in a worse position than the Isle of Man and Hong Kong.