New laws passing through Parliament could see bankers found guilty of "reckless misconduct" jailed for up to seven years.

Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.

Invesco Perpetual's Neil Woodford has accused Labour leader Ed Miliband of "economic vandalism" over his plans for a price cap on energy bills.

Standard Life has so far only managed to secure super clean share classes from 11 of the 15 fund groups it originally said it had agreed terms with, IFAonline's sister title Investment Week understands.

Cofunds chief executive Chris Last is to retire from the platform just six months after taking over the role.

Fidelity Worldwide Investment is to expand its equity income franchise with the launch of a Global Enhanced Income fund for manager Dan Roberts.

Suspended traded life settlements fund EEA Life Settlements has told shareholders to approve a restructure of the troubled vehicle or else face its liquidation.

Reigning Premier League champions Manchester United reported record revenues for the 12 months to June yesterday.

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.