Lloyds Banking Group is to sell its remaining 21% stake in St James's Place, netting it a profit of more than £100m.

The US unemployment rate has fallen to a five-year low, increasing the likelihood of a tapering of quantitative easing later this month.

Nicolas Trindade, manager of the AXA Sterling Credit Short Duration Bond fund, has been using in-house resources in a bid to diversify his floating rate note exposure.

UBS Global Asset Management CEO John Fraser is to retire from the group, having headed the asset management business since 2001.

Sonja Laud, manager of the Schroders Global Equity Income fund, is to leave the group by the end of the year.

Argonaut founding partner Barry Norris has bought back into Greece for the first time since 2006 in the belief the country's banking sector is now a compelling opportunity.

Eclectica's Hugh Hendry has said he would buy into online currency Bitcoin if it were feasible to do so within his funds.

Former Schroders head of rates David Scammell has joined Santander as a senior sovereign bond fund manager within its European fixed income team.

Rathbone Brothers chief executive Andy Pomfret is to retire on 28 February 2014 after almost a decade in charge of the wealth manager.

Chancellor George Osborne is to highlight a forthcoming sale of Lloyds Banking Group shares to retail investors in the Autumn Statement, according to reports.