The US Federal Reserve has expanded the scope of its quantitative easing programme and suggested interest rates will not rise until US unemployment falls below 6.5%.

Hargreaves Lansdown chief executive Ian Gorham has sold an interest in 750,000 of the group's shares for £3.35m and reinvested half the proceeds back in the company.

Henderson non-executive chairman Rupert Pennant-Rea is to stand down in May 2013 to take a similar role at Royal London Group.

Threadneedle head of distribution Campbell Fleming is to become chief executive of the asset manager as current CEO Crispin Henderson moves to a new role at parent group Ameriprise Financial.

HSBC and Standard Chartered have agreed record settlements over money laundering allegations as the former agrees to pay $1.9bn to US regulators.

Equity markets have been given a boost by the latest monthly jobs figures from the US which show a further fall in the unemployment rate in November.

Multi-asset managers are exploring alternative low-risk bond investments as they prepare their portfolios for a more constrained fixed income environment in 2013.

Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

Starting valuations for UK stocks and increasingly negative equity sentiment point to the beginnings of a new bull market, according to Schroders' Richard Buxton.