Investment General

Lloyds Banking Group chief executive António Horta-Osório said he will not take an annual bonus for 2011, a year in which the company's shares fell by 60%.

The Royal Bank of Scotland (RBS) today announced it is planning to cut 3,500 jobs as part of a reorganisation of its investment bank.

Cazenove Capital Management has made unbundled share classes available to intermediaries across its equity and multi-manager fund ranges ahead of the RDR deadline at the end of the year.

Chancellor George Osborne will access the £140bn held in 80 local authority pension funds to pay for infrastructure projects.

The art market posted stellar returns in 2011, with the Mei Moses All Art index returning 11%, outpacing leading equity indices.

Fund launches reached a decade low last year as groups held back new products in the face of market volatility.

Prime minister David Cameron has promised shareholders a binding vote on executive pay to try curbing excessive salaries.

British investors in failed broker MF Global are to question the efforts of administrators KPMG in London on Monday over the slow progress of recovering funds.

Auditors PricewaterhouseCoopers (PwC) has been fined £1.4m for failing to spot client money handling errors at J.P.Morgan bank.

The US Federal Reserve is to start publishing forecasts of where it expects interest rates to be in the future in an effort to strengthen the economic recovery.