The Financial Services Authority (FSA) has launched a crackdown on ACDs operating in the UK in the wake of the Arch cru scandal, as one major player confirms it is pulling back from the market.

Standard Chartered chief executive Peter Sands last night strongly rejected claims from US regulators the UK bank helped Iran launder as much as $250bn (£161bn).

France's economy will slip back into recession in the third quarter, posting a 0.1% contraction, the Bank of France has warned.

Asset management house Neuberger Berman has outlined ten macroeconomic trends which could elevate global equity markets and rejuvenate investor sentiment in the second half of the year.

Equity fund managers across the board have been dealt a blow as popular holding Standard Chartered saw its shares fall almost 25% today as its US banking licence came under threat.

Thames River is set to close Ken Kinsey-Quick's £54m Multi Hedge fund, returning the cash to shareholders next month.

Principal Investment Management has placed a number of veteran UK income managers onto its infamous Black List of funds, part of the group's latest Income Study.

Investments in railway bonds and tea companies were just two of the many positions established by the Scottish investment trust company in the first year of its existence.

The publication of John Kay's government-backed review into UK equity markets earlier this week has brought the issue of short-termism back into the spotlight.

LGIM's head of European equities Gavin Launder has argued the three-month long short selling ban imposed on Spanish securities will have no material impact on the market.