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News

Regulation

Ex-SFO boss attacked over 'sloppy' leadership

The ex-boss of the Serious Fraud Office (SFO) has been attacked by a panel of MPs over his 'shocking' stewardship of the organisation.

clock 08 March 2013 •

Economics / Markets

Barclays boss hints at massive job cuts - reports

Barclays chief executive Antony Jenkins has suggested the growing automation of the banking system could result in massive job losses over the next ten years.

clock 08 March 2013 •

Economics / Markets

BoE labelled 'schizophrenic' over negative rates talk

The Bank of England's latest thoughts on introducing negative interest rates to encourage higher lending from banks are 'somewhat schizophrenic', a leading economist has said.

clock 07 March 2013 •

Economics / Markets

Osborne 'to hand Carney new powers'

Chancellor George Osborne is set to give incoming Bank of England Governor Mark Carney more powers in a bid to revive the flagging UK economy.

clock 07 March 2013 •

With Profits

LV= cuts or holds with-profits bonus rates

The LV= with-profits fund achieved an investment return of 9.9% in 2012 while bonus rates for policyholders have been held or cut, the firm has confirmed.

clock 07 March 2013 •

Regulation

Arch Cru's poisoned chalice: the failings that led to Danner's FSA ban

The Financial Services Authority (FSA) has today banned the co-founder of Cru Investment Management Stephen Danner from working in regulated financial services. As the poisoned chalice of Arch Cru continues to take victims, IFAonline looks at where he...

clock 07 March 2013 •

Investment

Ex-LGIM equities trader jailed for two years for insider dealing

Paul Milsom, a former senior equities trader at Legal & General Investment Management (LGIM), has today been sentenced to two years imprisonment for disclosing inside information between October 2008 and March 2010.

clock 07 March 2013 •

Investment

FSA bans Cru founder Stephen Danner

The Financial Services Authority (FSA) has banned the co-founder of Cru Investment Management Stephen Danner for failing to act with integrity and behaving in a way which fell well below the standards required of him.

clock 07 March 2013 •

Economics / Markets

Sterling rebounds after Bank of England keeps QE unchanged

Sterling has jumped against the dollar, reversing this morning's losses, after the Bank of England's Monetary Policy Committee (MPC) voted to keep its quantitative easing programme unchanged at £375bn.

clock 07 March 2013 •

Wrap/platforms

Standard Life sees net outflows in UK retail business

Standard Life has suffered net outflows for its UK retail business, following an 11% rise in redemptions.

clock 07 March 2013 •
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