News

Close Brothers Asset Management has acquired financial planning firm Mackay Stewart & Brown.

A former J.P. Morgan investment adviser has been accused of stealing at least $20m from clients and using the money to trade on his own account and to pay off his mortgage.

Ernst & Young (EY) has paid $10m to settle claims it was negligent in it duty as auditor when it failed to raise the alarm when Lehman Brothers was heading towards collapse.

Wealth managers have been reducing allocation to equities in favour of convertible bonds as a hedge against volatility, following a strong run higher for equity markets.

Brewin Dolphin has been named as a prime candidate to join the wealth management M&A merry-go-round by broker Liberum Capital.

Ben Bernanke has become a senior adviser to a prominent US hedge fund, his first non-research role since leaving the US Federal Reserve.

International investors have begun selling out of UK gilt holdings on uncertainty over how Britain will manage its debt pile in the next parliament.

A former professional indemnity insurance broker has been banned by the regulator for giving forged evidence and lying to the High Court.

Alliance Trust has hit back after a third shareholder body came out in support of Elliott Advisors in its campaign to overhaul the investment company.

Central banks may resort to 'helicopter drop' measures to stave off the threat of deflation, according to Investec's Alastair Mundy.