News

Société Générale strategist Albert Edwards has warned investors who own Australian government debt they face the 'mother of all hard landings' if China's economy slows down as they expect.

The Financial Services Authority (FSA) has told banks the new regulatory system will push them to weed out potentially harmful products and demand they pay particular attention to treating customers fairly.

Miners dragged the FTSE 100 down this morning after Australia cut its economic growth forecast, with investors also nervous ahead of key US jobs data.

Wells Capital has acquired fellow discretionary firm Reeves Investment Management in a deal which increases its assets under management by more than £50m.

The number of pensioners and ‘wealthy individuals' being declared bankrupt has increased in the last quarter, according to analysis of figures from the Insolvency Service.

An IFA who allegedly reduced a client to tears after a drunken meeting has claimed she was unfairly forced out of the business by her employer.

Part-nationalised lender Royal Bank of Scotland (RBS) is to repay the final tranche of the £163bn in emergency loans during the financial crisis and will resume paying dividends on its preference shares.

Think-tank NIESR has warned rising unemployment rates, which will hit 9% by the end of the year, will do permanent damage to the UK's productive capacity.

Insurance firm Aviva has suffered an embarassing blow after more than half its shareholders voted against its proposals on executive pay at its annual general meeting today.

A chartered financial planner claims to have found evidence of attempts to maximise commission by both bank advisers and IFAs ahead of the RDR.