Fairbairn Private Bank is to be the first British offshore island bank to be granted a banking and investment licence by the FSA.

Lehman Brothers' UK structured investments and mortgage subsidiaries are teetering on the brink this afternoon, following the group's overnight bankruptcy announcement.

The UK will begin its climb out of what has been a "shallow" recession early next year with GDP growth hitting near-trend rates by the end of 2009, according to the Confederation of British Industry (CBI).

Threadneedle has hired Peter Mackaness as an investment specialist in its property team.

Skandia Investment Group (SIG)'s new Core Fund Range of research-rated funds could launch in the UK next year, following a roll-out in Europe and Latin America.

RWC Partners has confirmed that its Asia Ascent fund will be launched on October 20.

Richard Philbin, CIO of Architas, AXA's new multi-manager investment business, has said it is a priority to hire "four to six" key appointments ahead of the launch of a new range of funds before the end of the year.

In light of Lehman Brothers announcement to file for bankruptcy, the FSA has confirmed it is working in tandem with the US authorities to ensure an orderly wind down of its principal UK trading subsidiary, Lehman Brothers International (Europe), which...

The Government will come under pressure today to rewrite its controversial plans for dealing with ailing British banks as some of the City's most powerful fund managers claim that the new rules would ride roughshod over their rights, The Times reports....

The Edinburgh investment trust has appointed Invesco Perpetual's head of investments Neil Woodford as its new manager.