Markets

Fidelity Special Situations fund manager Sanjeev Shah has warned investors that equities are at risk of a significant pullback this year as valuations approach multi-year highs.

Credit ratings agency Moody's downgraded six Canadian banks last night over fears the lenders had become more vulnerable to downside risks and rising house prices.

Neil Veitch, manager of the SVM World Equity fund, has benefited from increasing exposure to financials in the last six months, as the loosening of Basel III requirements for banks has boosted the sector.

MPs have called on the Chancellor to return to giving just one Budget statement a year.

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US treasury 10 year yields have climbed past 2% for the first time in nine months, as better than expected data in the US helped bolster risk asset sentiment.

Dan Saxby has joined Arbuthnot Latham & Co as a director of private banking.

Majedie Asset Management has launched a UK Income fund for manager Chris Reid.

Threadneedle and Schroders are among the City firms that have been approached about buying a stake in the 316 RBS branches the bank has put up for sale, according to reports.

Incoming Bank of England Governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.