UK

Richard Plackett has bought back into UK banks for the first time since the financial crisis in his BlackRock UK Special Situations fund as the sector begins to show signs of improvement.

Invesco Perpetual's Neil Woodford has been awarded a CBE in the Queen's Birthday Honours List.

Shares in Royal Bank of Scotland dropped 7% at the start of today's trading session in London following news CEO Stephen Hester will step down later this year.

ON UK GROWTH

Barings' Ian Pascal is joining Hermes Fund Managers as head of marketing and communications, replacing Rob Page who exited the firm in April to join Henderson.

Supervision of the scandal hit LIBOR interest rate could move to Paris under plans being drawn up by the European Commission, dealing a potential blow to London's financial pre-eminence.

The Financial Conduct Authority (FCA) has banned the sale of unregulated collective investment schemes to ordinary retail investors.

Investec Wealth & Investment's chief investment strategist Jim Wood-Smith has left the business.

UK INCOME

A look at what might be on the regulatory horizon for wealth managers was a story which caught our readers' attention this week.