Financial advisers must contact thousands of people who bought into two Guernsey funds to see if they are eligible for compensation after Britain's markets watchdog wielded new powers for the first time in its crackdown on mis-selling.

Brace yourself if you are a saver. Incoming Bank of England chief Mark Carney has been talking about the possibility of shifting from the UK's inflation targeting to economic growth benchmarks while making the most of his preparedness to adopt "unorthodox" monetary policy. In English that's more money printing and a one-way street to inflation and suppression of savings rates. To date, the transfer of wealth from savers to borrowers since the financial crisis is over £100bn, and it will probably get bigger when Mr Carney takes charge.

Corporate lending chief says he was under pressure to boost the profits

American and British regulators are set to ramp up action against banks accused of manipulating the benchmark Libor interest rate by slapping what is expected to be a $1bn fine on UBS.

Outlook Prudential has been busily collecting boardroom baubles since the spectacular mishandling of its attempted takeover of Asian insurer AIA.

The SFO opened its investigation into Libor manipulation in July after Barclays was fined £290 million by US and UK regulators

The Cheshire Mortgage Corporation has been slapped with a £1.225m fine for unfair treatment of customers.

Capacity problems at airports was already leading to increased fare prices, says CAA chief

The chairman of Barclays, Sir David Walker, was in an earlier life the chief executive of the Securities and Investments Board, the forerunner of the Financial Services Authority (FSA).

Barclays' £1.3bn push into Africa

The former head of Britain's financial watchdog is in talks with Barclays to become the executive in charge of dealing with his old employer, according to financial industry sources.

Two former bosses of HBOS, the bank which had to be bailed out by the government and taken over by Lloyds at the height of the financial crisis, today admitted that it had taken greater risks than it should.