Bank of America

The FTSE was sharply down in afternoon trading at 5609.61, down 30.96 (0.55%), as mining woes and disappointing US weekly jobs figures pared back yesterday's gains.

The City's leading investment banks are falling over themselves to get a slice of the $700m in fees on offer from Prudential's record $21bn rights issue.

Total expense ratios are being pushed down as new entrants manoeuvre into the ETF arena. But is there room for more funds tracking the same core indices? Helen Fowler reports

Barclays Capital has joined ETF Securities' ETF Exchange (ETFX) platform as a swap provider and authorised participant.

The office of the New York attorney general, Andrew Cuomo, has charged Bank of America, its former chief executive Kenneth Lewis and ex-chief financial officer Joe Price with fraud for allegedly misleading shareholders over its acquisition of Merrill...

The major UK banks are falling as the market absorbs the wider implications of Barack Obama's plans to keep US banks on a tighter leash.

Alexander Hall has said it will be unaffected following a refinancing deal agreed by Foxtons' owner BC Partners which hands a majority stake of the estate agent to its lenders.

ETF Securities (ETFS) has named Bank of America Merrill Lynch, Citi and Rabobank International as the counterparties backing its ETF Exchange funds.

Bad consumer loans dragged Bank of America $1bn (£613m) into the red for the three months between July and September.

Investment Bank Goldman Sachs set aside $5.35bn in its third-quarter results to take its compensation pool for the first nine months of the year to $16.7bn.