The US regulator is investigating how bond giant PIMCO prices its exchange-traded funds after it became concerned the group may have artificially inflated returns on one of Bill Gross' ETFs.

The British Chambers of Commerce (BCC) has upgraded its UK GDP forecast for 2014 but cautioned the recovery may be short-lived unless exports bounce back.

A Blackrock executive has left the group after being found to have avoided £43,000 in train fares over the past five years.

Legal & General Investment Management (LGIM) head of high alpha fixed income Richard Hodges is to leave the group in October.

St James's Place (SJP) is set to make its inaugural entry into the FTSE 100 when the index's quarterly review takes place later today.

M&G has appointed James Tomlins as co-manager of its £1.3bn High Yield Corporate Bond fund with immediate effect.

Craig Newman, ex-sales director at Invesco Perpetual, has moved Oakley Capital to work alongside fund manager Neil Woodford.

The government could dispose of its remaining stake in Lloyds Banking Group in 2014 through a combination of sales to retail and institutional investors, according to reports.

Old Mutual Global Investors is to launch a multi-asset range, offering a range of risk and return profiles, in February next year.

Bank of England governor Mark Carney has warned on the complications of withdrawing monetary stimulus - just hours before the US Federal Reserve may announce a tapering of its own asset purchase programme.