News

The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.

Goldman Sachs has advised clients to stop shorting gold after the dramatic fall in the price of the precious metal over the last few weeks.

Co-operative Group has pulled out of a deal to buy 632 branches from Lloyds Banking Group, saying it was not in the best interests of its members to proceed.

Shares in Standard Life were topping the FTSE 100 leaderboard this morning after its latest update showed assets under management(AUM)at its investment business had reached a new record.

Equity markets have moved sharply higher despite a brief sell-off yesterday sparked by inaccurate reports of a terrorist attack on the White House.

Barclays' Q1 adjusted pre-tax profit has dropped 25% to £1.8bn after the bank took a £500m hit over its restructuring programme.

J.P. Morgan Asset Management has highlighted what it expects will be the three main investment themes to follow in Q2.

Standard Life Investments saw its assets under management jump to a record high in the first quarter thanks to a combination of soaring inflows and strong markets.

Old Mutual Global Investors' Richard Watts has doubled his stake in St James's Place (SJP) since the start of the year, arguing the firm has emerged as one of the biggest RDR winners.

Ameriprise Financial has appeared to rule out a potential acquisition of Scottish Widows Investment Partnership (SWIP), saying available M&A opportunities "do not meet our criteria".