Chancellor Philip Hammond has revealed two new government financial services initiatives - a new Green Finance Institute and an industry-led Financial Services Skills Taskforce - as the UK heads for Brexit.

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Mervyn King has admitted that low interest rates are unsustainable but warned that a rapid rise could do significant damage. Read more...

In his final Mansion House speech as FSA chairman Lord Turner has said the regulator had to be "brutally honest about its own failures" on the banking crisis. Read more...

Chancellor George Osborne will be giving his annual Mansion House speech this evening and is expected to focus on the banking reform. Read more...