Goldman Sachs' internal investigation into allegations made by a former employee of a "toxic environment" within the bank has found little evidence to support the accusations.
The Financial Services Authority (FSA) is fighting a proposal by Lloyds Banking Group to pay its first dividend since the government acquired a 43% stake in 2008, according to reports.
Allianz Global Investors is to merge away three UK equity funds as it refocuses its adviser business in the UK.
FE Research has launched a range of 15 risk-targeted portfolios to aid advisers in the run up to the Retail Distribution Review (RDR).
Most clients are uninterested in the "nuts and bolts" of investment decision-making and instead require a more tailored discussion around risk, according to consultant Tim Hale.