Swiss National Bank chief Philipp Hildebrand will be grilled today by MPs over a currency trade his wife made just three weeks before the bank capped the value of the Swiss franc.

David Cameron has vowed to veto a European-wide financial transaction tax unless it is imposed globally.

Dexion Capital has poached Tom Skinner from JP Morgan Cazenove to head up its research division.

Anthony Bolton has lost £1m of his own money in the £570m Fidelity China Special Situations trust in the last 12 months, according to research from broker Collins Stewart.

Fidelity has reduced the annual management charges on its multi-asset range, aligning the fees to 1.25%.

City Financial has overhauled its Strategic Global Bond fund, changing the manager and giving the vehicle a wider investment remit.

Alliance Trust has appointed Karin Forseke as non-executive chairman to replace Lesley Knox, who announced last year she intended to step down from the role.

Alliance Trust has alerted the Financial Services Authority (FSA) after a number of its shareholders received bogus telephone calls purporting to buy shares at double the market value.

Bill Gross' flagship bond fund has been hit with a wave of redemptions which has left it recording annual outflows for the first time in its history.

F&C Investments has appointed Mark Nichols to take over the group's European Growth and Income fund following former manager Paras Anand's departure to Fidelity.