Dexia, the bank bailed out by the French, Belgian and Luxembourg governments, loaned €1.5bn to two of its investors who then used the cash to buy shares in the company, it has been claimed.
European regulators may be given new powers to suspend credit ratings of countries seeking or undergoing bailouts to prevent the "negative spillover effects to other countries", according to proposals for tougher regulation issued by the European Commission....
Ted Alexander and Robin Geffen have revealed potential positions for their global long/short fund, to be launched on 1 November.
Neil Woodford said he has been completely ‘unsurprised' by the market sell-off and is no more concerned about the macro outlook than before the recent period of hightened volatility.
Wall Street's biggest banks had their worst quarter of results since 2008's financial crisis, with trading revenue down 35% on last year.
Negativity towards European and UK markets has eased as investors rotate their portfolios away from emerging markets in favour of the more developed nations, according to a fund manager survey.
Greg Bennett has left Marlborough to join his former Neptune colleagues at Argonaut Capital.
Bond fund manager has made a number of changes since returning to Kames.
Richard Pursglove has joined Goldman Sachs Asset Management (GSAM) as head of the UK third party distribution business in a bid to expand sales among discretionary managers and fund of funds.
Ardevora co-founder and fund manager anticipates peaking inflation and looser lending rules will unleash new economic growth phase in China.