News

Ratings agency Moody's has changed the outlook on Barclays' financial strength rating from stable to negative, saying the uncertainty over the bank's future direction is negative for bondholders.

Barclays shares are in demand, despite the fall-out from the LIBOR scandal and Bob Diamond's resignation, with investors buying five shares for every one sold.

The Bank of England is likely to pump another £50bn into the UK economy today, in the latest round of quantitative easing.

The board at Barclays was told less than six months ago that the relationship between the bank's senior management and the City watchdog had "broken down", according to reports.

Aviva has overhauled its senior management team and announced a revised strategic business plan after major shareholders raised serious concerns.

IFA support provider SimplyBiz has received more than 90 expressions of interest from member firms keen on taking on advisers affected by the administration of adviser group Honister Capital.

Bob Diamond has told MPs he feared Barclays would be nationalised during the credit crisis because of its high borrowing rate.

Readers enjoying our very popular Coffee Lounge may notice we've updated our daily Sudoku challenge.

Equity release advisers need to ask themselves whether they adequately consider client longevity, according to Bridgewater Equity Release.

RSM Tenon has appointed David Jeffcoat to the role of non executive director.