News

Royal Bank of Scotland (RBS) and Lloyds have both agreed to defer bonuses in return for an additional £40bn of taxpayers' money as part of a deal with the Government that will break up two of Britain's biggest lenders.

Martin Currie has added two new fund managers to its global equities team.

Former Maia Capital partner Chris Ralph has joined St. James's Place in the newly created position of CIO.

Highly-regarded UK fund managers Mark Lyttleton, Tony Nutt and Martin Gray have taken a stake in new property vehicle LXB Retail Properties.

J.P. Morgan Asset Management has hired three new senior portfolio managers from Fortis for its emerging market debts team as it seeks to enhance its fixed income offering.

Aviva Investors has added a discretionary dilution levy fee to its Isa wrapper following a switch in the fund's administrators in September.

Deutsche Bank has launched the first ETF fund to track the inverse performance of an Asian stock market.

BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group for £235m.

European markets have opened flat this morning, with defensive sectors lagging in early trading.

HSBC Infrastructure Company (HICL) is to undertake a C class share issue to pay down debt and pursue new opportunities.