News

A bet on the demise of the eurozone has caused sizeable losses for John Paulson, the hedge fund boss renowned for making millions from the US financial collapse.

Fourteen people - including a former HM Revenue & Customs (HMRC) officer - have been ordered to pay back over £1m for their part in a £1.2m tax fraud.

UK-listed Standard Chartered has said it is close to agreeing a further $330m charge with US regulators to settle accusations it failed to comply with sanctions against Iran.

Britain could lose its AAA credit rating after George Osborne admitted he will miss his target to reduce Britain's debts and have to borrow an extra £100 billion.

Deutsche Bank hid up to $12bn in paper losses during the financial crisis, helping it avoid a government bailout, former employees have claimed, according to reports.

Jupiter is seeking unitholder approval to convert its European Income fund into a global income vehicle, with Sebastian Radcliffe and Gregory Herbert taking over as co-managers.

As the Chancellor George Osborne delivered his Autumn Statement earlier today, the investment industry and press took to Twitter to give their views on the changes.

Threadneedle's Dave Dudding has stepped down from his £1.1bn European Smaller Companies fund in order to take over one of the group's global mandates.

Shadow Chancellor Ed Balls has condemned George Osborne's economic plans for failing to meet the government's own targets, following the Autumn Statement.

Sterling fell against the dollar as Chancellor George Osborne announced the UK's fiscal austerity programme would be carried through to 2018.