News

Deven Sharma, the man who oversaw the downgrade of the US' credit rating earlier this month, is stepping down as president of Standard & Poor's.

10am: Global markets are continuing to trade in positive territory, building on yesterday's gains, with investors eyeing up value in depressed banking stocks which have been heavily sold off.

Katherine Leaman, manager of the FSA's professional standards policy team, will leave the regulator and head to the private sector with a job at Royal Bank of Scotland.

Argonaut Capital Partners has confirmed it will split off from Ignis Asset Management, with Ignis retaining a 40% stake in the boutique.

High street banks are moving assets they find difficult to sell off their balance sheets and into their staff pension funds.

Andrew Strange is to step down as policy director of the Association of Independent Financial Advisers (AIFA) after nearly five years at the organisation.

Honister Capital is set to make a number of job cuts due to increased regulatory costs.

Cayman Island-based life settlements fund offers IFAs enhanced allocation and extra commission options.

US citizens and green card holders in the UK are being urged to take advantage of the current Offshore Voluntary Disclosure Program (OVDP) which expires at the end of the August 2011.

Britain has underperformed all the world's leading economies over the past year except tsunami-hit Japan, figures from the Organisation for Economic Co-operation and Development (OECD) show.