News

The Financial Conduct Authority is reviewing gold benchmarks as part of a probe into how global rates are set, according to reports.

US investment banking giant JPMorgan Chase has agreed a mammoth $13bn (£8bn) settlement in relation to sales of residential mortgage-backed securities which contributed to the financial crisis.

Randeep Somel, the new manager of M&G's Global Basics, has revealed the fund is making new investments in miners again as he looks to position the portfolio for a new era.

Duncan Goodwin, manager of the Martin Currie Global Resources fund, is to leave the firm at the end of the year.

Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".

US futures firm MF Global Holding has been ordered to pay $1.2bn (£740m) in restitution to its customers over its collapse.

Two members of Neil Woodford's UK equity team at Invesco Perpetual are to leave the group to pursue other opportunities.

Hargreaves Lansdown chief executive Ian Gorham has sold 715,000 shares in the FTSE 100-listed company for a total of over £8.4m.

Jake Moeller has joined Lipper to take on the role of head of UK & Ireland research, replacing Ed Moisson who left in August to join Barings.

The restructure of the suspended EEA Life Settlements fund has been delayed until the regulator receives the company's delayed audited accounts for 2012.