News

A Goldman Sachs executive has quit after criticising the "toxic" and "destructive" culture at the investment bank.

Fidelity landed two awards and First State Investments gained its fourth consecutive win at the 2012 Lipper Fund Awards last night.

MAM Funds is introducing a non-trail commission share class across its fund range ahead of the Retail Distribution Review.

Legal and General Investment Management(LGIM) reported a 14% increase in operating profit to £234m for 2011, while AUM rose 5% to £371bn, from £354bn the previous year.

Chancellor George Osborne is considering launching a new super long dated gilt running with a maturity of 100 years, according to reports.

The Dow Jones soared to its highest level since December 2007 yesterday, despite the news four banks had failed stress tests.

Jamie Broderick, head of J.P. Morgan Asset Management's EMEA business, is set to leave at the end of this year, after almost 20 years at the company.

Part-nationalised banks Lloyds and Royal Bank of Scotland (RBS) have announced plans to cut some 1,900 jobs in a move the Unite union called "brutal".

The Financial Services Authority (FSA) is taking a closer look at firms operating as Authorised Corporate Directors (ACD), after warning of potential conflicts of interest.

Connaught Asset Management has suspended redemptions from its Connaught Income Fund Series 1 after a review flagged the possibility that some of the fund's loans may be under-secured.