News

The FSA has fined Credit Suisse £2.5m - reduced to £1.75m due to early settlement - for failing to submit accurate transaction reports.

L&G Investments sales director Ben Waterhouse is joining Fidelity as head of UK wholesale sales.

F&C's multi-manager team has introduced a fund which offers a hedge against eurozone equity volatility.

If there is any consensus amongst investors, strategists and financial commentators, it is that in the run-up to polling day sterling will weaken further, gilt yields will rise and the equity market will fall.

New data on US consumer credit from the Federal Reserve revealed a downturn in February and added to the downward pressure on the Asian stock markets on Thursday.

The FTSE traded 56 points, or 1%, lower this morning at 5705.49 after a downbeat assessment of the US recovery from former Federal Reserve chairman Alan Greenspan.

Greece's financial problems continue to deteriorate as its four biggest banks have been forced to ask for State aid and government bond yields rise to fresh highs.

The Government's claim that Britain is one of the better performers among the advanced economies has received a boost from the OECD.

Prudential boss Tidjane Thiam is due to earn a pay package worth up to £5.2m this year as he spearheads the biggest takeover in the insurer's history.

Former Federal Reserve chairman Alan Greenspan has defended his economic policy record at a US congressional hearing into the financial crisis.