News

The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch cru investors.

JPMorgan Chase & Co has sold off around 70% of the ‘London Whale' position which caused $2bn of trading losses for the investment bank, according to reports.

The FTSE 100 fell alongside other major markets across Europe today, after the Federal Reserve cut its growth forecast for the US economy.

US markets slipped into the red sharply overnight after the Federal Reserve announced it will extend its Operation Twist programme, instead of introducing a third round of quantitative easing.

Banks should use the row over the sail of complex financial instruments to small businesses to overhaul their customer relationships and link pay to customer service, according to Hector Sants.

China is looking at relaxing rules for foreign investment in its financial markets in a bid to stimulate its domestic economy.

The Federal Reserve announced plans to extend Operation Twist by $267bn as it cut its growth forecast for the US economy from 2.9% to 2.4% in 2012.

Spanish 10-year bond yields have dipped back below 7% today, as investors eye an expected stimulus package from the US Federal Reserve, and with sentiment lifted after Greece managed to form a new government.

UK inflation will not be allowed to fall back to its 2% target because Mervyn King and his colleagues are keen to prevent a disinflationary spiral, according to leading fund managers.

The Financial Services Authority (FSA) has admitted it had concerns about the way in which the industry was being asked to fund the Money Advice Service (MAS), although is hand was forced by the Treasury.