News

Financial Conduct Authority chief executive Martin Wheatley is to stand down on 12 September after the Treasury said it believes "different leadership is required".

The fallout from the latest deal to keep Greece in the eurozone means it is now "far more likely" the UK will vote to leave the EU in the 2017 referendum, according to Société Générale strategist Albert Edwards.

Aberdeen has promoted Simon Moscow to head of UK asset management within its property division as Giles Easter departs the group.

Sterling has hit a fresh seven and a half year high against the euro after Bank of England governor Mark Carney suggested the UK base rate could rise at the turn of the year.

Business is booming for advisers, according to a poll that signals increasing profitability and confidence in the sector two years after the rule change doomsayers said would herald its demise.

The Financial Services Compensation Scheme (FSCS) legal team that helped recover some of the hundreds of millions of pounds it paid out over the collapse of Keydata from financial advisers has been given an industry award for its efforts.

Royal London Asset Management's Azhar Hussain has said that more opportunities in European high yield are now emerging, with macro events having little impact on yields.

European Central Bank president Mario Draghi has joined the ranks of policymakers calling for Greece to be given debt relief as the central bank extends its liquidity lifeline to the country's banks.

Chinese equities have rallied strongly after it was revealed state banks have lent some 1.3trn yuan ($209bn) to the country's margin finance agency in the latest step to prevent a market freefall.

The Financial Services Compensation Scheme (FSCS) wants to increase protection limits for self-invested personal pension (SIPP) investors following the freedom and choice reforms.