Banks on a worldwide scale will be forced to shore up cash levels if their nation is on the brink of a credit bubble, according to new developments under the Basel III reform package.

UK economic growth slowed towards the end of 2010, according to figures from the British Chamber of Commerce (BCC), sparking fears a recovery is faltering.

Guinness Asset Management has added six funds to its UK retail range, including equity income and global thematic offerings.

Fidelity is looking to raise £162.1m in a new share issuance on its China Special Situations trust, run by Anthony Bolton.

Gartmore has seen the departure of another fund manager as Andrew Russell quits the firm.

Gartmore shares dragged on the FTSE 250 yesterday amid fears takeover talks have come to a standstill.

Four sector specific funds have taken the top performing slots in the newly-named IMA Global sector after moving across from the Specialist peer group.

JO Hambro Capital Management has hired a pair of former Thames River European fund managers to launch a dynamic fund next month.

Market bulls will be the winners of 2011 as a number of factors will push global equities higher, according to SWIP's Mike McNaught-Davis.

Gartmore's closed-ended Irish Growth fund will wrap up in the New Year, subject to shareholder approval.