Henderson Global Investors has made a trio of acquisitions in Australia which will add £5.7bn to its assets under management across fixed income, equities and commodities.

HSBC has confirmed it is planning to cut up to 25,000 jobs, including 8,000 posts in the UK, to target annual savings of up to $5bn (£3.3.bn).

Investec Asset Management has launched a Global Dividend fund run by Jonathan Parker and its 4Factor equity team as it continues to bulk up its income offering.

River & Mercantile's Philip Rodrigs has said there is "genuine strength" in the UK economy, which is reflected in small-cap companies extending their reach throughout the UK.

Barclays Wealth and Investment Management has appointed Eric Pinn to the role of head of UK distribution within the global investments and solutions (GI&S) team.

Bank shares were clear winners in the days following the Conservatives' shock election win, and fund managers predict they have further to run. Investment Week lists funds positioned for a further rally in bank shares.

The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.

How big is too big?

The first criminal trial over LIBOR rigging begins in London today as Tom Hayes, former trader at UBS and Citigroup, appears in court charged with eight counts of conspiring to manipulate the lending rate.

The departure of Newton's Asian Income manager Jason Pidcock came as a shock to fund buyers earlier today, but what are the options for those wishing to move their cash?