Barclays' profits have fallen in the first quarter with the investment bank suffering almost a 50% drop in profits, according to its quarterly report.

Bond managers have welcomed a series of European high yield ‘megadeals' offering a cheaper alternative to typical issuance.

Henderson's Stewart Cazier is to join Old Mutual Wealth, with Paul Craig also joining the firm, after the group agreed a deal to buy up Henderson's remaining stake in Intrinsic's investment company Cirilium.

The Financial Conduct Authority has banned a former UBS trader from regulated financial services due to failings associated with rogue trader Kweku Adoboli.

Schroders' private banking arm has seen net revenues almost double following its acquisition of Cazenove Capital last summer.

Neptune US Income manager Rebecca Edelman is to leave the firm to take a strategist position at Tesco.

FUND MANAGER FOCUS

Investors have "never lost money" by choosing smaller companies over larger ones, according to Allianz Global Investors' Andrew Neville.

RBS could suffer a "material adverse effect" should Scots vote for independence in September this year, the Edinburgh-headquartered bank has warned.

Henderson Global Investors has reported net inflows of £3bn in Q1 2014 as it continues to enjoy a turnaround in the fortunes of its retail business.