News

The Financial Services Authority (FSA) has warned that most crowdfunding schemes should only be targeted at sophisticated investors, amid concerns about their risk and complexity.

Standard Chartered's reputation and shares were dealt a hammer blow last week as the New York state regulator claimed the British bank had hidden $250bn of trades with Iran, putting its US banking licence at risk.

BNY Mellon is set to launch fully unbundled RDR-ready share classes across its entire UK fund range in September.

Royal Bank of Scotland (RBS) chief executive Stephen Hester has emerged as the frontrunner to fill the vacant chief executive position at Barclays.

The US Department of Agriculture (USDA) has slashed its forecasts for corn production and predicted sharp price rises, warning a drought and heatwave have destroyed much of the country's crop.

Japan's GDP grew by 0.3% in the second quarter of the year, down from 1% in Q1, as the eurozone crisis hurt exports and domestic consumption remained subdued.

It has been a bad week for Standard Chartered, and the explosive charges the bank faces dominated the headlines this week.

The UK economy has been given a surprise boost after the latest official data from the construction sector showed a smaller decline in output than previously announced.

M&G reported a 53% rise in net investment flows in the first half of the year, with retail investors driving the £4.3bn of flows.

The UK could leave the European Union by this autumn should the eurozone debt crisis intensify further, it has been suggested in a study by Japanese bank Nomura.