News

The £1.5bn rescue financing of the Co-operative Bank by its parent will come at the cost of hundreds of jobs, according to reports today.

A former mortgage adviser was sentenced to two years in prison by Maidstone Crown Court on Friday.

Wealth manager Towry inherited a "train wreck" when it acquired advisory firm Edward Jones in 2009, but it should have done more to "win the hearts and minds" of its new staff, its chief executive Andrew Fisher has said.

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.

Today's inflation figures are a warning light on the UK economy's dashboard, according to stockbroker MB Capital trading director Marcus Bullus.

The GAD drawdown yield for August has been set 2.75%, up a quarter of a per cent on July, meaning drawdown pensioners can increase the amount of income they can take from their pot.

UK CPI inflation rose from 2.7% to 2.9% in June, with the largest upward contributions coming from petrol, clothing and footwear.

The Financial Ombudsman Service (FOS) has seen a 179% increase in complaints about financial products and services in the first quarter of the 2013/14 financial year.

The Institute of Economic Affairs (IEA) is holding a competition to find the best plan for a 'Brexit' - a UK exit from the European Union (EU).

More British bankers were paid more than a million euros (£860,000) each in 2011 than the rest of the European Union (EU) combined, according to the European Banking Authority (EBA).