News

Jessica Harper, a former head of security at Lloyds Banking Group, has admitted carrying out a £2.4m fraud.

Equity fund managers across the board have been dealt a blow as popular holding Standard Chartered saw its shares fall almost 25% today as its US banking licence came under threat.

Standard Chartered, one of the UK's largest banks, has seen its shares plunge almost 25% in morning trading as investors panic-sell in reaction to the news it may lose its US banking licence.

Analysts have warned the investment case for holding Standard Chartered has been hit with a 'hammer blow' following the news it may lose its US banking licence.

Thames River is set to close Ken Kinsey-Quick's £54m Multi Hedge fund, returning the cash to shareholders next month.

Legal & General Investment Management said today its profits had risen to £119m in the first half of 2012, after assets under management climbed 3% to £381bn.

The UK's highly-prized AAA-credit rating should not be seen as the 'be all and end all' of government policy, Chief Secretary to the Treasury Danny Alexander has said.

Shares in UK-listed banking giant Standard Chartered have dived in early trading, down 16%, amid allegations the bank assisted in a $250bn money laundering scheme.

Spanish stocks rallied sharply this afternoon after a technical glitch shut down the country's blue chip index for almost five hours.

With Greece heading towards default, Spain in the doldrums, and the US starting to slow, it is hard to pluck up the courage to buy shares now, but Fidelity's equities guru Dominic Rossi has highlighted five reasons why things are not all that bad.