News

UK GDP growth has been revised slightly upwards to a contraction of 0.4% in Q2, according to the final estimate from the Office of National Statistics.

A former Credit Suisse trader was arrested in London on Wednesday and faces extradition to the US on fraud charges involving subprime mortgage bonds worth $3bn (£1.9bn).

Chancellor George Osborne should abandon his debt reduction target in his Autumn Statement, a leading think-tank has suggested.

The number of complaints to banks and building societies rose by almost 70% in the first half of the year, mainly related to sales of payment protection insurance (PPI), figures published by the Financial Services Authority (FSA) show.

There could be as many as 1,000 extra mortgage advisers operating in the industry within the next few years as intermediaries cancel their investment permissions as a result of the Retail Distribution Review (RDR), according to Martin Reynolds, CEO of...

The fund management industry has "nothing to hide" on charges, the Investment Management Association (IMA) said, following remarks from a Financial Services Authority (FSA) executive suggesting investors have "valid questions" about what it is they are...

Graeham Sampson, the finance director at advisory group Tenet, has left the firm after just 18 months.

Nick Clegg has said there can be "no question of reducing further" the top rate of income tax under the coalition government's watch.

Thames River investment director Mike Warren has left the firm, Investment Week understands.

James Hay has seen its average wrap case size rise 21% in the last six months.