News

Allfunds Bank has poached another Cofunds director, Bradley Lewis, to spearhead its expansion into the UK market.

The Financial Conduct Authority (FCA) has censured Catalyst Investment group for misleading investors in its promotion of ARM's asset backed bonds and has fined its former compliance officer.

Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.

The number of offers of redress from banks to customers who took out interest rate hedging products is set to increase "rapidly" over the coming months, the Financial Conduct Authority (FCA) has said.

Christine Lagarde, managing director of the International Monetary Fund (IMF), has warned failure to raise the debt ceiling could be far worse than the current US government shutdown.

Barclays will sell £300m of leftover stock on the open market today after almost 95% of shareholders took the opportunity to buy up discounted shares during its rights issue.

A simple typographical error boosted Spain's 2014 public debt forecast by €10bn (£8.4bn), the government has admitted.

Matthews Asia, the US-based Asia-only fund house, is set to make a further push into the UK market after three years of preparatory work.

Embattled property fund house Brandeaux has admitted the net asset value on its suspended £900m Student Accommodation fund is likely to be 4% less than anticipated, while the £92m Ground Rents fund will lose 5% of its NAV.

Charles Stanley Direct has criticised Hargreaves Lansdown over the cost of its platform transfer charges after the country's biggest D2C platform delayed its shift to a new pricing structure.