News

Tim Tookey, Lloyds' finance director, is to resign from the group to become chief financial officer at Friends Life.

Swiss banking giant UBS has raised its estimate of the losses allegedly caused by rogue trader Kweku Adoboli to $2.3bn (£1.5bn).

First State is set to launch its first bond fund in the UK following the hire of Helene Williamson last month.

Fears over liquidity and sovereign debt contagion mean the threat of nationalisation has spread to leading players in Europe's banking sector.

Schroders' Richard Buxton has warned plans to ring-fence banks will force HSBC and Standard Chartered to redomicile outside the UK, causing more woe for the economy.

First State Asia Pacific Leaders manager runs chunky underweight to Chinese equities ahead of expected pull-back.

The FSA and the Swiss Financial Market Supervisory Authority (FINMA) are launching an independent investigation into the events surrounding the huge trading losses incurred by UBS, allegedly as a result of the actions of 'rogue trader' Kweku Adoboli....

Aviva Investors manager Justin Onuekwusi has taken over two funds following the departure of Jason Josefs, and is now running a total of five portfolios for the group.

City of London police have charged UBS trader Kweku Adoboli with fraud in relation to the $2bn loss at the bank.

Janus' US specialist John Eisinger is steering clear of cyclicals and financials on eurozone contagion fears, adding he believes Europe is already in recession.