Markets

Brewin Dolphin group head of research Matthew Butcher has left the group after nine years, Investment Week understands.

Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.

ON UK INCOME

ON ASIA

UK shares had a shaky start to the week as negotiations over the US debt ceiling continue to drag on.

WEALTH MANAGEMENT

The Treasury has applied for European Union (EU) approval to split up Royal Bank of Scotland (RBS), to smooth the process of carving up the state-owned lender.

The US government shutdown combined with growing concern over the country's debt ceiling have led to renewed fears US equity markets could sell off heavily if the impasse continues.

Allfunds Bank has poached another Cofunds director, Bradley Lewis, to spearhead its expansion into the UK market.

The number of offers of redress from banks to customers who took out interest rate hedging products is set to increase "rapidly" over the coming months, the Financial Conduct Authority (FCA) has said.