News

Lloyds Banking Group could have to pay out as much as £1.5bn if found guilty of manipulating the LIBOR rate, analysts at Liberum Capital have warned.

UK banking giant HSBC is planning to apologise to the US Senate following an investigation earlier this year into money laundering.

Managers including Newton's Tineke Frikkee were among those hit as Britvic's shares fell as much as 17% yesterday, as the company revealed the recall on its popular Fruit Shoot drinks will cost up to £25m.

Schroders' head of UK equities Richard Buxton bought more Barclays shares the day chief executive Bob Diamond quit, he has revealed.

The team behind Majedie's £1.1bn UK Equity fund has bought back into miners, having avoided them for most of the second quarter.

Henderson Global Investors is making its institutional share classes available to retail investors, and launching a range of 0.75% share classes, ahead of the RDR deadline at the end of the year.

Sterling has been backed to extend gains against the euro despite rising to a three-and-a-half-year high this week, as investors' fears over the future of the eurozone play out in money markets.

The Bank of England (BoE) considered buying bicycles so its officials could move around London in the event of a full-scale financial meltdown, it has been revealed.

European authorities are pushing Spanish banks to write off their preferred shares and subordinated bonds, in a move which could see small savers lose billions of euros.

An independent financial adviser is spearheading a campaign to revive trust in financial services, after warning the situation had reached a "crisis point".