News

Sanlam's Kokkie Kooyman has been capitalising on the plunge in bank shares caused by the LIBOR scandal, buying into Lloyds, Royal Bank of Scotland and Barclays.

Latest forecasts suggest the economy will return to growth over the next six months, boosted by falling inflation and a pick-up in consumer spending.

First State is planning to launch a Worldwide Sustainability fund for David Gait later this year, Investment Week understands.

The former head of JPMorgan Cazenove, Naguib Kheraj, has emerged as one of the frontrunners to succeed Bob Diamond as chief executive of Barclays.

Bosses at Barclays including outgoing chairman Marcus Agius have written to staff to calm fears over the LIBOR scandal, telling them other banks face similar punishments.

Cazenove's chief investment officer (CIO) Richard Jeffrey delivers his verdict on how the threat of financial market meltdown is being used by all and sundry across Europe to get their own way.

JP Morgan Chase is to restate its Q1 results downwards by a net $459m after it revealed the losses it has sustained from its ‘London Whale' positions have widened to $4.4bn.

The US Treasury Secretary Tim Geithner warned Mervyn King and colleagues at the Bank of England about problems with the LIBOR rate in 2008, years before the scandal was revealed.

Standard Life Investments (SLI) has joined a host of larger fund groups launching low-cost share classes ahead of RDR.

The Financial Services Authority (FSA) has set out the legal backing it received for its proposed £110m redress scheme for Arch cru investors.