Dispatches: Accountants banned from charging percentage fees

Accountants who give financial planning advice will be banned from charging controversial percentage fees. (The Australian)

Investors are concerned about the prospects for economic growth in the US and Europe as the financial year comes to a close, and as Australian stocks continue their week-long downward slide. (Sydney Morning Herald)

Bankers in Europe are facing a more severe crackdown on their cash bonuses than anything so far put forward. The EU says that cash bonuses should be capped at 30 per cent of the total bonus - or 20 per cent in the case of particularly large payouts. (The Australian)