News

HM Revenue & Customs (HMRC) has set up a website to help people pay the correct amount in tax as part of its targeted campaign to stop criminal avoidance.

Japan's economy has shrunk by 3.5% on an annualised basis, following a sharp decline in exports to key markets like China.

London is set to lose its much revered position as the world's largest financial centre following the credit crisis and subsequent increase in regulation.

US stock markets saw a third consecutive day of losses following Barack Obama's victory in the presidential election this week.

The Bank of England is to hand the Treasury the interest it receives on its QE asset purchases, a move that reduces pressure on Chancellor George Osborne ahead of the Autumn Statement.

HSBC is investigating allegations criminals used offshore accounts at its Jersey business for money laundering and tax evasion, the BBC reports.

Barclays has appointed Rory Tobin, former head of iShares International, to work on reviewing the group's asset management arm.

Marlborough Fund Managers has confirmed it will acquire BNP Paribas' ACD business in the UK in a deal that will see it take on £800m of assets.

The FSA has written to fund group chief executives outlining concerns over conflicts of interest policies and may take enforcement action after a review of industry practices.

Uncertainty over the outcome of the US presidential election, the fiscal cliff and Hurricane Sandy saw inflows into global ETFs slow sharply in October, according to consultancy ETFGI.