News

Swiss National Bank chairman Philipp Hildebrand will receive a CHF900,000 (£615,000) payoff as he leaves the central bank following a scandal over his wife's currency trades.

The Royal Bank of Scotland (RBS) today announced its plan to cut 3,500 jobs as part of a reorganisation of its investment bank, which will see the sale or closure of the equities and corporate broking divisions.

The FSA has extended its investigation into advisers who sold Arch cru funds to include inherited or acquired clients.

Kames Capital's fixed income team has said quantitative easing in Europe is a must in order to prevent Germany losing its AAA rating.

Morningstar has unveiled its inaugural investment trust ratings, with Anthony Bolton's Fidelity China Special Situations trust given a ‘neural' rating by the new ranking system.

Germany's economy shrank by approximately 0.25% in the fourth quarter of last year, raising fears Europe's second largest economy is on the brink of recession.

Cazenove Capital Management has made unbundled share classes available to intermediaries across its equity and multi-manager fund ranges ahead of the RDR deadline at the end of the year.

Ten years on from the introduction of the euro, opinion is divided over whether the troubled single currency can survive another decade, especially in its present form.

Ian Maybury has joined Schroders in the newly created role of head of solutions management in its multi-asset and portfolio solutions group.

An end may be in sight to the daily volatility which confounded investors last year, according to Ben Gill, manager of the £509m Legal & General Global Macro Themes fund.