News

The Lloyds Banking Group has named the boss of Santander's UK operations António Horta-Osório as its new CEO, replacing Eric Daniels.

DeAnne Julius, former Bank of England policymaker, and Sir John Gieve, ex-deputy Governor at the Bank have openly opposed another round of quantitative easing.

The London Stock Exchange has delayed a major update of its computer systems after fears one its trading platforms was targeted by a saboteur yesterday.

Strong showings for Standard Life's SIPP and wrap propositions helped boost net inflows for the group by 60% to £7.2bn for the nine months to 30 September.

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Almost 43% of mortgage holders do not have life cover to protect their mortgage, according to data from Sainsbury's life insurance.

Henderson multi-managers Mark Harris and Craig Heron are bullish on the near-term prospects for US equities following today's mid-term elections, saying the market could rise by upwards of 10%.

Towry says its decision to offload smaller investors will be replicated by a swathe of other firms as the RDR forces a reassessment of client banks.

The FSA is warning firms against using the word ‘cash' when naming Money Market Funds (MMFs), saying it is "potentially misleading".

Abbey for Intermediaries is reducing its rates on both fixed and tracker products.