Follows departures of high profile 'star managers'
Mix of in-house active and passive
Ratings agencies went hell for leather downgrading financial hybrid bonds recently. And with upcoming regulatory changes, next year could prove tricky for bank bond investors. Rathbones' Bryn Jones explains why.
Credit ratings agency Moody's has cut the rating of the Royal Bank of Scotland, amid fears its restructuring will 'heavily depress' profits.