News

Royal Bank of Scotland has promoted its head of retail Ross McEwan to the role of chief executive, replacing ousted Stephen Hester.

Student accommodation fund giant Brandeaux has denied its recently-suspended funds are "distressed sellers", and has said there is a £1bn "overhang" of property on the market.

Butterfield Bank has added to its fund research capabilities, announcing a double hire to strengthen its asset management team.

M&G has taken four awards at rating provider FE's annual Group Awards, highlighting the best fund managers across the major asset classes.

BlackRock's ETF platform iShares has appointed Tom Fekete from Barclays Wealth as head of product development in Europe, Middle East and Africa (EMEA).

The National Audit Office (NAO) has launched an investigation into the new financial services regulatory structure that came into effect this year.

Manchester based Mamucium Capital Management has launched offering what it calls a "new model" of investing based on the "science of capital markets".

The Bank of England (BoE) has held interest rates for the 53rd consecutive month and opted not to increase the size of its £375bn QE programme at its July meeting.

Jupiter CEO Edward Bonham Carter said the asset manager is unwilling to commit to a new pricing strategy because of continued uncertainty surrounding RDR implementation.

Shares in Lloyds Banking Group and Jupiter Fund Management soared on Thursday after both groups reported hefty profits in their half-year results.