Markets

Sarasin's managing partner and CIO Guy Monson has stepped down as manager of the group's Global Equity Income and International Equity Income funds.

Barings' Khiem Do has said the chances of the Federal Reserve carrying out QE3 are remote, with economic indicators in the US still "reasonably strong" and by no means justifying further action.

Shares in Barclays fell in early trading as investors were once again forced to deal with another potential scandal at the bank, following confirmation the SFO is investigating deals it made during the credit crisis.

Today Barclays has been hit with another scandal which has been bubbling along in the background for some time, but with a new chief executive also arriving, do the bank's shares look attractive?

Citigroup is to pay out $590m to shareholders in one of the biggest settlements connected to the global financial crisis, after it was accused of hiding its subprime exposure during the 2008 crash.

Barclays has appointed Antony Jenkins, its former head of retail and business banking, as its new boss.

The UK's Serious Fraud Office has revealed it is investigating payments between Barclays and Qatar Holding during the credit crisis, in yet another blow to the bank.

Threadneedle is to roll out a range of commission-free share classes across the majority of its fund range, and waive initial charges for advised UK retail investors, as it makes its proposition ready for the post-RDR world.

The US economy expanded by 1.7% in the second quarter, more than previously thought, the latest reading has shown.

Shares across Europe were lower in trading this morning as concerns mounted ahead of a key gathering of central bankers on Friday.