News

The London offices of Royal Bank of Scotland (RBS) have been raided as part of a major investigation by the European authorities into allegations lenders manipulated a key borrowing rate in the run-up to and during the financial crisis.

Crispin Odey has admitted his flagship European hedge fund lost 8.3% last month.

Neil Woodford said he has been completely ‘unsurprised' by the market sell-off and is no more concerned about the macro outlook than before the recent period of hightened volatility.

Asian shares suffered overnight and European indices plunged today as investors fretted over the lack of progress towards solving Europe's debt crisis.

Plans to tackle the eurozone debt crisis have stalled, with France and Germany clashing over the size of stimulus needed to secure the future of the eurozone.

The UK's faltering economy could fall back into recession but government action is likely to help avoid another downturn, according to business secretary Vince Cable.

Wall Street's biggest banks had their worst quarter of results since 2008's financial crisis, with trading revenue down 35% on last year.

Former New Star fund manager Jo Bamford has been appointed managing director of JCB Compact Products as he moves up the ranks at his father's firm.

Negativity towards European and UK markets has eased as investors rotate their portfolios away from emerging markets in favour of the more developed nations, according to a fund manager survey.

Jupiter CIO John Chatfeild-Roberts and his Merlin multi-manager team have said clear warning signs are beginning to emerge on Chinese growth prospects as well as the outlook for natural resources.