RBS, the taxpayer-owned bank, has been accused of killing off small businesses to seize assets for its own property empire, in evidence referred to financial watchdogs by business secretary Vince Cable, according to reports.
Eclectica hedge fund manager Hugh Hendry has said he has been forced to leave his bearish outlook behind as he faces up to a market "which only makes sense through the prism of trends".
Schroders has hard-closed Paul Marriage's Cazenove UK Smaller Companies fund following a wave of inflows into the product which saw it breach the £1bn mark.
US futures firm MF Global Holding has been ordered to pay $1.2bn (£740m) in restitution to its customers over its collapse.
The leading US equity markets hit fresh record highs on Monday, suggesting a ‘Santa rally' is well underway in the run up to Christmas.
Anthony Bolton's successor Dale Nicholls has revealed how he plans to make his own impression on the Fidelity China Special Situations investment trust when he takes over on 1 April next year.
M&G Global Basics fund manager Graham French is to leave the group, Investment Week can reveal, as he retires from fund management after a 25-year career.