J.P. Morgan could be hit with a fine of more than $6bn from US authorities as they pursue the bank over sales of securities to government-backed mortgage companies.

Markets around the world sold-off overnight while oil continued to soar, as the prospect of military involvement in Syria's civil war grows.

BlackRock have poached boutique investment firm NewSmith's Mark Wharrier to work alongside Adam Avigdori on its £604m UK Income fund, Investment Week understands.

Hargreaves Lansdown is in talks with a number of fund groups to secure exclusive deals to sell their passive products at discounted prices.

Shares in the US closed sharply lower on Thursday - with some indices hit by the worst one-day percentage falls since late June - as positive jobs data sparked fears the Federal Reserve will move earlier than expected to taper its quantitative easing...

The UK's headline inflation rate fell back to 2.8% in July, matching analysts expectations, the latest data has revealed.

Hargreaves Lansdown has ruled out the prospect of taking marketing fees from fund groups or allowing advertising on its website, saying it wants to offer a 'transparent' fee structure when new regulations are implemented next year.

Standard Life Investments' Euan Munro has joined Aviva Investors as CEO.

Jupiter's Philip Gibbs it to hand over his £536m Absolute Return fund to recent hire James Clunie in September, ahead of his retirement in 2014.

Standard Life's Dow: The winners & losers in 'super clean' world