Royal Bank of Scotland is to consider a £3bn-£4bn share issue to reduce the stake it would hand to the government for joining its toxic assets insurance scheme and has approached its biggest investors about the idea, the FT reports.

Deutsche Bank's db x-trackers is listing fixed income ETFs on the London Stock Exchange for the first time.

The markets continued to rise this morning with the FTSE 100 climbing 36.62 points to 5,160.75 in early trading.

Sanjeev Shah's move to add a basket of financial stocks at the height of market fear following the Lehman fall has paid off for his top-decile Fidelity Special Situations fund.

On the first anniversary of the collapse of Lehman Brothers, fund management groups agree it was the "erroneous" decision to let the investment bank fail which almost crippled the global financial system.

Multi-managers believe the equity rally still has further to go despite the strong recent run pushing markets towards pre-Lehman levels.

Tiburon Partners will launch its Ucits III absolute return Green fund next month, to be co-managed by Hexam Capital joint founder John Payne.

Ignis Asset Management has hired Nick Pogmore as head of strategic alliances to help build links with national IFAs, networks, life offices and fund platforms.

Marketing manager Rob Page has resigned from Liontrust.

Aviva Investors head of credit Mark Wauton will temporarily assume management of its Distribution fund after Dominic White's decision to leave the group.