Smith & Williamson Investment Management is launching a range of risk-rated funds via SimplyBiz's investment service Verbatim.

Goldman Sachs Asset Management has launched a range of funds tracking new S&P Dow Jones indices that offer investors alternative beta.

The Skandia label will disappear in the UK and a number of senior roles have been reshuffled as part of a major overhaul of the Old Mutual Wealth Management business.

Moody's will strip the US of its AAA rating if a deficit reduction deal is not struck in Congress, it has warned.

The next governor of the Bank of England will be found in the coming months after the post is advertised for the first time on Friday.

The Skandia label could disappear in the UK as part of an overhaul by parent Old Mutual, which is rebranding its merged asset management businesses as Old Mutual Global Investors.

Baring Asset Management is to launch a China Bond fund providing investors with exposure to the country's previously restricted fixed interest markets, as demand for new ways to play the Chinese growth story continues to build.

Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.

Jim O'Neill has publicly ruled out following in the footsteps of Mervyn King and taking on the role of governor of the Bank of England.

Asian markets continued the global stock market rally, following yesterday's unveiling of the ECB's bond buying plans, with some indices up 3.8%.