News

Graham Ashby has taken over a UK Enhanced Income fund at Ignis, targeting a yield of up to 9%.

Bank of Scotland has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate mortgage records.

Resolution has confirmed its chairman Mike Biggs will leave the company after its governance overhaul.

Schroders has begun marketing its soft-closed European Alpha Plus fund, managed by Leon Howard-Spink (pictured), as client demand for European equities begins to pick up.

Brooks Macdonald co-founder Jonathan Gumpel is to stand down from the group's board, marking the end of a quarter which saw discretionary funds under management rise 6.5%.

The Financial Services Authority (FSA) "should and could" have intervened in the Royal Bank of Scotland's (RBS's) ill-fated acquisition of ABN Amro, a damning report by the Treasury Committee concludes.

Shares in Google closed down 8% after the tech giant's third quarter results - revealing a 20% drop in profits - were mistakenly released ahead of the US market close.

Barclays has put aside an extra £700m to compensate customers for the mis-selling of payment protection insurance, bringing total provisions to £2bn.

Barclays wealth arm is in talks with the regulator about charging asset managers administration fees when their funds are recommended for private client portfolios.

The BlackRock North American Income trust has raised £65m in its initial offer period and plans to issue further equity in the near future, after undershooting its £100m target.