News

Graham Tuckwell, one of the pioneers in the exchanged traded fund market, has put his company ETF Securities up for sale with a potential £1bn ($1.6bn) price tag.

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.

Personal pension providers are failing to properly run existing business, according to research company Defaqto.

The Bank of England has warned lenders it is considering changes to the way bonuses are measured to make it far harder for investment bankers to justify their multi-million pound awards.

JC Flowers, the American private equity firm, has set aside a £1.5bn "war chest" to buy mortgage books from British banks after failing to purchase Northern Rock.

Aviva is considering selling a chunk of the billions of pounds worth of UK pension assets it owns as it looks to boost the amount of capital it holds on its balance sheet, according to reports.

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

HSBC Global Asset Management has launched a UCITS-compliant frontier markets fund. HSBC's existing Luxembourg-based fund, the New Frontiers Fund and launched before frontier markets were UCITS compliant, will be merged into the new fund.

At the same time that Jersey's Financial Services Commission signs a Memorandum of Understanding with the Emirate's Central Bank, a licence to operate on Jersey has been granted to the Abu Dhabi Commercial Bank (ADCB).

Final entries for the Professional Adviser/Baillie Gifford Financial Education Award 2012 are now being accepted.