News

Giles Hargreave has relinquished his role as CEO of Hargreave Hale in order to focus on running his funds, with the group promoting two of its directors to jointly head the business.

The US Federal Reserve has maintained the gradual tapering of its QE programme after a meeting which suggests some members are pushing harder for a more hawkish monetary policy.

Lloyds Banking Group has set aside a further £600m for the mis-selling of payment protection insurance but its interim results show an improvement in underlying profit.

Henderson to change the name of the Global Strategic Capital unit trust and overhaul its mandate following the departure of manager Paul Craig.

Argentina has defaulted on its debt for the second time in 13 years after failing to reach an agreement with a group of bondholders.

Multi-asset and equity products have driven net intermediary inflows of £3.8bn for Schroders in the first half of 2014, prompting a 50% hike in the group's interim dividend.

Multi-asset investors have been upping their cash allocations as fears of a market correction escalate and safe-haven opportunities in other asset classes dry up.

US GDP growth has risen more than expected in Q2, according to initial estimates, with the contraction in the first quarter less bad than had been feared.

Poorly-performing senior bank employees face bonuses being clawed back up to seven years after they were awarded, under plans unveiled by the Bank of England today.

Towers Watson, one of the UK's largest pension fund investment consultancies, has issued a stark warning to clients urging them to consider reducing their exposure to corporate debt.