Investment

The Channel Islands Stock Exchange has been fined £190,000 for its role in the failure of the Arch cru funds.

Vanguard has expanded its exchange-traded fund range with four funds offering exposure to the UK, European and developed world equity markets.

Ian Cooke, chief executive of network Best Practice IFA Group, has called on the regulator to force asset managers to disclose their entire charge so it is transparent to customers.

GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.

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Sanlam International Investments is to significantly increase its stake in boutique FOUR Capital in order to work more closely with the business.

RBS expects to "significantly outperform" its estimates for dealing with impaired loans in 2014, according to a trading update.

Tesco has created £2.5bn in credit reserves as senior management seek to deal with a £250m accounting error, falling shares, and the potential for ratings downgrades.

Eight staff members have been dismissed by Lloyds following an investigation into the LIBOR rate fixing scandal that saw the bank fined £218m.

St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.