News

The European Commission has collectively fined six international financial institutions €1.7bn (£1.4bn) for their involvement in the manipulation of benchmark rates.

Aberdeen chief executive Martin Gilbert has netted £8.6m from the sale of 1.78m shares in the firm, according to a regulatory filing.

UBS Global Asset Management CEO John Fraser is to retire from the group, having headed the asset management business since 2001.

The IMA UK Equity Income sector saw net retail outflows of £298m in October, according to data released by the IMA today, making it the worst selling sector on the month.

GLG's new hire Henry Dixon has said the FTSE 100 still offers investors more than 10% upside from here, despite the impressive rally it has already seen.

Standard Chartered saw its stock price plummet 7% during trading today after warning of its first fall in operating profits for a decade.

Hawksmoor Investment Management's Richard Scott has stepped down from his position as chief investment officer to take a more active fund management role.

Sonja Laud, manager of the Schroders Global Equity Income fund, is to leave the group by the end of the year.

The Retail Distribution Review (RDR) has "intensified the competitive environment", according to wealth manager Brewin Dolphin, as it announces profit before tax for the year to September was 4% down on the previous year.

Polar Capital has more than doubled its assets under management year-on-year, driven primarily by inflows into its Japanese products.