Former Lehman Brothers CEO Dick Fuld believes the investment bank may have been able to survive if US authorities had given it the same assistance as its rivals.

World markets surged on Wednesday following an unexpected jump in US manufacturing data and bullish economic figures from Asia.

US stocks slumped to their worst August in nine years, as investors retreated on fears for the US economy.

More than a tenth of the 7,380 banks in the US remain at risk of failure despite the sector posting strong profit growth during the second quarter.

Neptune and Martin Currie are the latest asset managers to be linked with troubled group Gartmore, with rumours suggesting the pair have expressed an interest in acquiring a stake in the firm.

Bearish Société Générale strategist Albert Edwards has warned equities face a "bloodbath" and predicts government bond yields will fall even further.

Cazenove has criticised the IMA for not bringing "vital clarity" for investors after the trade body decided against making changes to its Absolute Return sector for at least another 12 months.

Interest rates could rise substantially to 8% within two years to stave off soaring inflation, new research suggests.

Former Prime Minister Tony Blair has formed his own investment advisory business offering services to high net worth clients and global funds.

If you have been reading the national press in recent weeks you could be excused for thinking the actively managed fund industry was on its last legs.