Outgoing Bank of England governor Sir Mervyn King is to appear on BBC Radio 4's Desert Island Discs on Sunday.

George Osborne has started the sale process of the taxpayer stake in Royal Bank of Scotland (RBS) and Lloyds, within hours of both banks getting approval from regulators over their capital strength.

New business at insurance giant Aviva was up 18% in the three months to 31 March, reaching £191m, according to its latest results.

Independent consultancy Jelf Group has acquired Yorkshire and the Midlands-based general insurance broker, The Insurance Partnership (TIP), in a bid to expand into the regions.

Getting financial advice on long-term care (LTC) is a welcome part of the latest Care Bill, however, it is not essential that advice is independent, trade body Symponia has said.

Partnership Assurance is to float on the London Stock Exchange.

Life and pensions specialist LV= has strengthened its partnership with the Tenet Group.

The Financial Conduct Authority (FCA) plans to use the element of financial penalties it retains after passing cash to the Treasury to lessen fees across those it regulates.

Business secretary Vince Cale is pushing forward on plans to ban three former HBOS directors from acting as company directors.

Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007, a report due out today has found.