News

Multi-manager investment boutique Architas is launching a Multi-Asset Blended range of eight funds, combining active and passive management styles.

Prudential has appointed Paul Manduca as chairman, succeeding Harvey McGrath in the £600,000 post.

Spain's borrowing costs have hit a high not seen since last November on news the government has approached the European Central Bank for help bailing out Bankia.

Threadneedle has added two names to its fixed income team following the departure of the group's head of emerging market debt, Richard House.

Talk of plans to rescue the eurozone's banking system, alongside hopes Greece can remain in the single currency, lifted shares in early trading today.

Uncertainty in the eurozone will remain "for the next few years" and continue to act as a drag on the UK economy, Bank of England (BoE) policymaker Spencer Dale has been quoted as saying.

Furious Greek citizens have attacked Christine Lagarde, head of the International Monetary Fund (IMF), after she accused some of "trying to escape tax."

European leaders are working on a scheme to tackle the eurozone crisis which, if implemented, would see a continent-wide rescue fund seize control of struggling banks.

Specialist insurance market Lloyd's of London is making preparations for the possibility of the euro breaking up, its chief executive has said.

The Euro Stoxx 50 could fall by almost 50% in the event of a disorderly Greek exit from the eurozone, analysts at Société Générale calculate.