News

Goldman Sachs could pay its chief executive a bonus of up to $100m in defiance of moves by President Obama to take action against bloated bank benefits.

Paul Jourdan, renowned smaller companies manager, has completed the MBO of Noble Fund Managers with colleague Douglas Lawson.

Gross mortgage lending by building societies jumped 15% to £1.8bn between November and December, figures released by the Building Societies Association (BSA) show.

Standard Life is offering advisers commission worth up to 25% of their clients' first year of payments as part of its active money personal pension.

Banks may be forced to pay an insurance levy to provide assistance in the event of a future financial crisis.

The FTSE was marginally down by 0.04% to 5186.60, despite strong gains by utilities in early trading.

German reinsurer Munich Re said as of 19 January the Sage of Omaha holds options which could push his voting rights in the company to 5.029%.

Hank Paulson, former US Treasury Secretary, has blamed the FSA for the downfall of Lehman Brothers in his new book.

AWD Chase de Vere has appointed Carl Pimlott as head of professional development and training to prepare for the RDR.

UK insurance companies need to be more proactive in distancing themselves from the banking crisis, delegates at Davos have told Zurich's Geoff Riddell.