UK

Barclays has confirmed Sir David Walker will succeed Marcus Agius as chairman of the bank on 1 November, following press reports yesterday.

Sir David Walker, a former deputy governor of the Bank of England, will become the new chairman of Barclays, according to reports.

Schroders' head of UK equities Richard Buxton has been buying Standard Chartered on its dramatic share price falls this week, ignoring the market's "frenzy of panic" over the stock.

In its latest quarterly inflation report, released today, the Bank of England has muddied the waters somewhat on its plans for further stimulus, leaving pundits wondering if a rate cut is on the cards.

The Bank of England has cut its forecast for economic growth this year to almost zero and has predicted inflation will be below target in the medium term.

Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.

The Bank of England (BoE) is set to cut economic growth forecasts to almost 0% for this year, amid a deepening double-dip recession.

Old Mutual Wealth Management is set to unveil its plans for RDR-compliant fund pricing on its platform, and is preparing to boost its offering in the risk-rated funds and DFM space with a revamp of its product range.

Jessica Harper, a former head of security at Lloyds Banking Group, has admitted carrying out a £2.4m fraud.

Aviva Investors has sold its SRI funds business to Alliance Trust Investments in a £1m deal.