RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m.
The Bank of England is likely to increase its quantitative easing programme by £100bn to aid the economy as the government cuts spending, the Centre for Economics and Business Research says.
Schroders head of UK equities Richard Buxton has called on providers to cull the number of "indifferent" products currently offered to the retail market.
Invesco has been unable to find a buyer for its stricken Property Income trust, which remains in breach of its banking covenants.
Standard Chartered's surprise £3.3bn rights issue has cast doubt on the capital requirements of the entire banking sector, Henderson financials specialist Emily Adderson says.
City veteran Terry Smith will step down as deputy chairman of Collins Stewart in December.
Jupiter financials specialist Guy de Blonay believes it is only a matter of time before speculators move on troubled European nation Spain.
Invista Real Estate Investment Management shares have fallen 9% this morning after the group announced plans to wind-up after losing £2.4bn of HBOS mandates.