News

The Financial Services Authority (FSA) and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.

Odey Asset Management is drafting plans for a UCITS version of Crispin Odey's flagship European hedge fund strategy as part of a wider expansion of its range, Investment Week understands.

Barclays is at the centre of further scandal after a senior executive quit following revelations he shredded a report which said part of the bank was "out of control".

WAY Group has acquired International Financial Data Services (IFDS)' ACD business in a deal which has made it the second largest player in the space.

Japan's Nikkei 225 index has closed down 1.5% as investors took profits ahead of the conclusion of a key central bank meeting tomorrow.

Sanlam Private Investments (SPI) has added a high income fund to the group's discretionary range, which will aim to generate a 5% yield on an annualised basis.

Mining stocks have driven the FTSE 100 to a four year high, boosted by better than expected Chinese growth figures.

The US authorities have released their final set of rules on the FATCA regime designed to prevent tax evasion among US citizens with assets in offshore accounts.

Japanese markets have jumped almost 5% in the first three weeks of the year - almost unheard of for the region - in anticipation of a reversal of the decade and half long slump into deflation.

Some of the UK's major platforms are considering writing to the FSA to complain about Cofunds, arguing the largest fund platform in the country is prohibiting easy re-registration.