Barclays

Odey Asset Management is drafting plans for a UCITS version of Crispin Odey's flagship European hedge fund strategy as part of a wider expansion of its range, Investment Week understands.

Barclays Bank staff who do not feel they can commit to new a new code of ethics should leave, its new CEO has said.

Charles Stanley has appointed Douglas McNeill as investment director for its new direct-to-client service, due to launch at the end of March.

The final cost to banks of the PPI mis-selling scandal could be as much as £25bn, almost double the figure the banks have estimated so far.

The LIBOR-rigging scandal that engulfed the banks in 2012 further dented their badly tarnished reputation and dealt another blow to public confidence, leaving investors uncertain how to play the sector.

Now we have published our final issue of Investment Week for 2012, we reflect on what has been a rollercoaster year characterised by big changes in the fund management industry.

Senior MPs want to call Hector Sants, the former chief executive of the FSA, before the banking standards commission to explain how he will overhaul Barclays' troubled culture.

HEROES & VILLAINS

Barclays' wealth arm is being challenged to show its post-RDR proposals have been given the go-ahead by the FSA, Investment Week understands.

Barclays is the most attractively valued UK bank, offering the best potential for growth if it restructures its investment banking division, according to J.P. Morgan Cazenove.