News

Adair Turner has spent more than £66,000 in the past 15 months flying around the world as FSA chairman - largely because he never flys any lower than business class.

The International Monetary Fund (IMF) has cut Asia's growth forecast for this year and next, and said it fears Europe's debt crisis may trigger a sell-off in Asian assets.

The president of the European Commission has warned the eurozone's banking system needs to be fully recapitalised to ward off a systemic crisis, at cost of hundreds of billions of euros.

RBS chief executive Stephen Hester has warned if the UK economic recovery is weaker than expected, the bank's results will suffer, a week on from renewed bailout fears for RBS.

Hargreaves Lansdown saw net new business inflows rise by almost a quarter in the three months to September but said a fall in its assets under management was caused by stock market movements.

About 4,000 people are planning a mass demonstration outside the London Stock Exchange to protest against "financial injustices", in a move to expand the Occupy Wall Street demonstrations that began in New York.

Berkshire Hathaway chief executive Warren Buffett has revealed his gross income last year was nearly $63m.

MAM funds is launching the Acuim UK Multi Cap Income fund for Gervais Williams and Martin Turner later this week.

JO Hambro Capital Management's new Asian fund manager has said high profile fund managers caught out by accountancy fraud by some of China's smaller companies were not to blame as the problems can be so difficult to spot.

Lawyers acting for the FSCS have sent IFAs who recommended their clients invest in Keydata - and who the FSCS has now paid compensation - letters of claim saying the scheme will pursue the firms for recovery of the money.