The Commission on Banking Standards has told the government its plans to reform the UK's banking sector are not strict enough.

Aberdeen has launched a Strategic Bond fund for its London-based global credit team.

Miton will add a new equity fund to its range on 18 March with the launch of the CF Miton US Opportunities fund for recent hires Nick Ford and Hugh Grieves.

Sterling fell back this morning ahead of the Bank of England's Monetary Policy Committee (MPC) announcement as traders speculated whether the Bank will restart the printing presses to shore up the UK's economic recover.

Schroders has revealed its pre-tax profits fell 11% over the year to 31 December 2012, largely due to a slump in profits in the private banking arm.

Shares in telecoms giant Vodafone soared in afternoon trading as rumours swirled of a possible merger with Verizon, or the end of its joint venture with the US firm.

Bill O'Neill has left Merrill Lynch Global Wealth and Investment Management to join UBS.

Schroders is preparing to launch a global bond product for Bob Jolly, the firm's head of global macro.

Rayner Spencer Mills' research directors Ken Rayner and Graham O'Neill have picked a selection of funds from the IMA sector universe which have seen a recent rebound in performance.

The founder of online voucher company Groupon has been ousted after shares in the firm fell 24% in a single day.