News

The growing number of banks from the People's Republic of China establishing Dubai's International Financial Centre is behind the latest agreement between the Dubai Financial Services Authority (DFSA) and the China Banking Regulatory Commission (CBRC)....

The FSA has said it is "very conscious" of the strength of feeling from financial advisers regarding the Financial Services Compensation Scheme (FCSC) levy in a written response to a recent petition from the FSCS Action Group.

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

Insurer Prudential is set to name Paul Manduca as its next chairman after a five-month search to replace Harvey McGrath, the Telegraph reports.

Europe should turn its back on austerity and pursue a pro-growth agenda like the US, according to Fidelity's Trevor Greetham.

Less than half the UK population are saving enough to fund their retirement and UK pension saving overall has dropped to record low levels, a report has found.

Facebook became one of the 25 largest companies in the US overnight after pricing its initial public offering (IPO) at $38.

European equity markets have extended this week's losses at the open on Friday, after US stocks closed lower overnight, dragged down by the ongoing Greek crisis.

Taxpayers face a £2bn loss from bailing out Northern Rock but it should be seen as a the price paid to secure 'financial stability', the National Audit Office (NAO) has said.

Aegon-owned national IFA Positive Solutions said it has returned to profit after implementing a number of cost-cutting measures.