Former UBS trader Kweku Adoboli has been found guilty of one count of fraud by a jury after a trial investigating the $2.3bn rogue trade at the Swiss bank, according to reports.

It has been a hectic year for investors, with the eurozone debacle driving core bond yields to record lows, while equity markets were buffeted by fears over China and the US.

The UK's accounting rules are distorting bank profits and leading to confusion over executive pay, some of the country's largest investors have have warned.

London is set to lose its much revered position as the world's largest financial centre following the credit crisis and subsequent increase in regulation.

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Independent financial adviser Paradigm Group is to launch an asset management business offering discretionary fund management services.

James Senior, head of marketing at Ignis, has left the firm with immediate effect.

The former UBS trader accused of losing the bank more than $2bn in unauthorised trades owed money to eight payday loan firms when he was arrested last year, a court heard yesterday.

New European ‘banking union' proposals risk the ire of the UK's biggest banks as they could give EU officials broader powers over the City of London.

Charlie Porter is to step back from his role at the helm of F&C Investments, Investment Week understands.