State Street UK has been fined £22.9m by the Financial Conduct Authority (FCA) for overcharging clients on a range of financial transactions.
The S&P 500 saw its biggest gain in more than a month on Thursday, supported by technology stocks and strong GDP data.
Aberdeen Asset Management has warned investors to watch out for a scam artist claiming to represent the firm.
Preliminary figures released today show the US economy grew at an annual rate of 3.2% in the last quarter of 2013, in line with analysts' expectations.
BlackRock has launched a multi-asset emerging markets fund for Jeff Shen, head of its emerging markets team.
The cheapest UK equity income funds in the market are delivering much better long-term returns than some of their more expensive rivals, data compiled for Investment Week reveals
Royal Bank of Scotland is facing an £8bn loss for 2013 after announcing an additional £3.1bn of provisions for litigation and mis-selling costs.
Legg Mason's Income Optimiser fund ended last year with the lowest duration since its inception in December 2011, in an effort to mitigate the risk of further rises in government bond yields.
Kevin Doran, manager of the Brown Shipley Sterling Bond fund, identifies three issues facing the sterling corporate bond market this year
Stock selection will be particularly important in the UK retail sector in future, according to Aviva Investors' Chris Murphy, after a number of high street stores started the year with disappointing results.