News

Paul Tucker, deputy governor for financial stability at the Bank of England, is to leave later this year after more than 30 years of service.

Former Bradford & Bingley group finance director Chris Willford is potentially facing a £100,000 fine from the Financial Conduct Authority (FCA) after losing in the Court of Appeal yesterday.

Royal Bank of Scotland (RBS) has pulled out of the retail structured product market due to high capital costs.

Morgan Stanley has launched a structured product, the Morgan Stanley UK Giants Selector Plan 2.

Cazenove Capital's European manager Chris Rice has left the firm, ahead of Schroders' takeover of the group next month.

Respect MP George Galloway has tabled an early day motion (EDM) to draw attention to the failure of Arch Cru funds between 2006 and 2009.

Results released for the Professional Adviser International Fund & Product Awards 2013

Barclays' wealth division has closed its discretionary fund management service to advised clients with less than £250,000 of investable assets.

Harlequin Property SVG, the Caribbean arm of the group which is at the centre of a Serious Fraud Office investigation, has failed to file accounts for 2012.

Specialist fund manager Polar Capital has seen assets under management surge in the last 12 months, rising by over 40% as inflows into Japan and climbing equity markets provide a boost.