Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.

Moody's has downgraded Spain's credit rating by three notches to Baa3 from A3, just above junk status, and placed it on review for further possible downgrades.

Jamie Dimon, the CEO of JPMorgan, will today admit London-based traders who cost the bank more than $2bn this year "did not have a requisite understanding of the risks they took".

Jérôme Kerviel, the rogue trader who lost €4.9bn at Société Générale, described himself in court yesterday as a fall guy in a plot to hide the bank's exposure to sub-prime lending.

Retail investors in corporate bond ETFs could be at risk as large institutional trades may be distorting the price of shares in the funds, analysts warn.

Schroder Asia Pacific fund manager Matthew Dobbs explains why investors should keep an eye on the composition of growth in China not just the headline figures.

PIMCO executive vice president Luke Spajic advises investors on how to negotiate 'upside down' credit markets.

Shareholders in Royal Bank of Scotland(RBS) will never recover the money they lost after the lender's collapse more than three years ago, according to the bank's chairman.

CURRENCIES

Bloxham Asset Management has been sold to Ireland-based Davy Stockbrokers after its parent group was ordered to cease trading as an inquiry is conducted into accounting irregularities.