Economics

Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.

Following the unexpected poor performance of ‘event driven' strategies in 2014, Philippe Ferreira, head of research, managed account platform at Lyxor Asset Management, analyses what went wrong and they are doomed to repeat the same mistakes in 2015....

The Bank of England is being investigated by the Serious Fraud Office (SFO) in relation to liquidity auctions held during the financial crisis.

Schroders has posted record results for 2014, with inflows of £25bn pushing the group's total assets under management to the £300bn mark.

Royal Bank of Scotland is to cut as many as 14,000 investment banking jobs over the next five years as it scales back its US and Asian arms, according to reports.

Morrisons' former group treasurer has been sentenced to twelve months in prison after being convicted of two counts of insider trading.

US stock markets followed in the footsteps of the FTSE 100 on Monday, with the Nasdaq reaching its highest level for almost 15 years.

Barclays has made increased provisions for a probe into currency market manipulation and other issues, masking a rise in adjusted pre-tax profits.

Financial services has witnessed a number of famous apologies over the years linked to fraud, rogue trading, and even train fare dodging. Investment Week remembers the most notable, and the ones which never were.

Shares in The Royal Bank of Scotland suffered a sharp fall after the bank reported a £3.5bn loss in 2014.