News

A former Credit Suisse trader was arrested in London on Wednesday and faces extradition to the US on fraud charges involving subprime mortgage bonds worth $3bn (£1.9bn).

Rowan Dartington has launched a fee-only independent financial advisory business, after acquiring a significant stake in Stafford House Investments (SHI).

UK GDP growth has been revised slightly upwards to a contraction of 0.4% in Q2, according to the final estimate from the Office for National Statistics.

The number of complaints to banks and building societies rose by almost 70% in the first half of the year, mainly related to sales of payment protection insurance (PPI), figures published by the FSA show.

J.P. Morgan Asset Management's(JPMAM) Japanese fund manager David Mitchinson has quit the firm to pursue a new opportunity in the industry.

Jupiter's Merlin multi-manager team, led by CIO John Chatfeild-Roberts, have refused to rule out the possibility of a default by a nation in "the garlic belt" of Mediterranean countries.

Chancellor George Osborne should abandon his debt reduction target in his Autumn Statement, a leading think-tank has suggested.

Legg Mason Global Asset Management is set to add clean share classes to its fund range ahead of the retail distribution review.

Thames River investment director Mike Warren has left the firm, Investment Week understands.

Fidelity's veteran investor Anthony Bolton said analysts predicting a shock fall in Chinese GDP growth will be proved wrong in the coming months.