News

A bank clerk who stole money from a sick and elderly customer went on the run yesterday just hours before her sentencing.

A key witness in the damning inquiry into Lehman Brothers' collapse was laid off by the bank a month after raising concerns about the way it had accounted for $50bn of risky loans.

Amundi has bolstered its presence in Germany with the launch of 21 ETFs, bringing its total number of products listed on the Deutsche Boerse to 38.

Bermuda-based Nephila Capital, a leading investment manager specialising in insurance linked securities (ILS), attracted inflows of $340m from 11 UK institutions into its catastrophe reinsurance fund in the second half of 2009. The latest inflows bring...

Moves by European regulators to provide a standard risk rating for investment funds needs further refining to make them truly effective for consumers, according to the Association of British Insurers (ABI) and the Investment Management Association (IMA)....

Kotak Mahindra (UK) Ltd is to launch its India Growth fund, the third sub fund of Kotak Funds which is a UCITS III compliant SICAV domiciled in Luxembourg.

US firm Alacra has launched a web application that extracts relevant intelligence and information from web-based news alerts, headlines and press releases.

A forecasted exodus of The Money Portal (TMP) advisers following the business' liquidation and sale to Honister Capital last year "never happened", strategy director Alan Easter says.

The High Court has authorised the administrator of former structured product provider Arc Capital & Income (ACI) to distribute remaining funds held by the company.

Contracting-out of the state second pension is to be abolished from 6 April 2012, the Government has confirmed.