News

Vanguard has released seven bond index funds, expanding its bond index ETF range to 12 products.

European shares were lower this morning in early trading (FTSE Eurofirst 300 -0.6%; FTSE 100 -0.6%).

The number of institutional investors using ETFs increased 12% in 2008 with nearly 3,000 investors worldwide holding these funds, according to a report from Barclays Global Investors (BGI).

The number of UK mortgage approvals hit more than 42,200 in October, the highest since January last year, the British Bankers' Association (BBA) says.

AXA Wealth is realigning its sales team to reflect the growing importance advisers are attaching to platforms and investment.

Nomura International has been fined £1.75m for widespread systems and controls failings relating to its International Equity Derivatives (IED) business.

The Bank of England gave secret, emergency loans worth over £60bn to RBS and HBOS during last year's financial crisis.

IFA consolidator Succession says it has received more than 600 expressions of interest in what it calls its "capital creation" model after signing up another four IFAs.

Former FSA chairman Sir Callum McCarthy has joined US private equity group JC Flowers as European chairman.

Ascentric is launching a deposit account from Investec to tap into the growing appetite for cash as investors shun volatile equity markets.