Economics / Markets

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Swift Trade, a non-FSA authorised Canadian company with global operations, £8m for market abuse.

The number of assets in underperforming 'dog' funds has more than halved since last summer, but more than £12bn remains stuck in such offerings, according to Bestinvest's latest 'Spot the Dog' list.

Threadneedle and Schroders are among the City firms that have been approached about buying a stake in the 316 Royal Bank of Scotland (RBS) branches the bank has put up for sale, according to reports.

Incoming Bank of England (BoE) governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.

Neil Woodford's giant income portfolios, two of the best performers over the past decade, have been given a ‘sell' rating in Sanlam Private Investments' (SPI) latest White List Income Study.

Wealth manager Charles Stanley has reported a 4.6% jump in client funds under management, with a significant boost coming from discretionary managed funds.

UK GDP contracted 0.3% in the final quarter of 2012, a worse than expected figure that raises the spectre of a triple-dip recession.

The Office of Tax Simplification (OTS) has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.

The Financial Services Authority (FSA) has extended its investigation into firms suspected of attempting to manipulate the London inter-bank offered rate (LIBOR) to interdealer broker ICAP, according to a report in the Financial Times (FT).

The chief economist of the International Monetary Fund (IMF) has asked the government to "take stock" of its austerity programme ahead of the next Budget in March.