Senior FSA executive Andrew Bailey has accused Barclays of operating with a "culture of gaming" which came from top of the bank.

The former chief operating officer of Barclays, Jerry del Missier, has told MPs Bob Diamond instructed him to lower the bank's LIBOR submissions, on the orders of the Bank of England's deputy governor Paul Tucker.

The US Federal Reserve raised concerns about LIBOR as early as 2007 and shared proposals for reform with the UK regulator, according to reports.

Rob Page, partner at Jeremy Lang and William Pattisson's Ardevora boutique, is leaving the firm.

Bob Diamond has told MPs he feared Barclays would be nationalised during the credit crisis because of its high borrowing rate.

European equities lost ground in afternoon trading ahead of a crucial EU summit, as Spain officially asked its eurozone neighbours for a bailout.

Jupiter is preparing to add a cautious product to John Chatfeild-Roberts' £7bn Merlin range, Investment Week understands.

Liontrust Asset Management has posted a loss after tax over the year to March following a series of acquisitions for the firm over the last 12 months.

Executive remuneration in the UK financial sector is "wildly out of line" with other parts of the market, according to outgoing IMA chief executive Richard Saunders.

The Serious Fraud Office (SFO) has dropped its probe into property tycoon Vincent Tchenguiz, following an investigation which was branded "incompetent" by a High Court judge.