Latest News - Alex Steger
Trump picks Powell to succeed Yellen as Fed chair
Yellen becomes the first chair in recent history not to serve a second term in the position.
BlackRock cuts fund managers as trackers advance
Investment giant responds to threat from cheap, index-tracking funds by reducing reliance of its US business on human stock pickers.
Pimco pays Bill Gross $81m to end long-running legal battle
Pimco has agreed to pay Bill Gross $81 million to end a long-running legal battle.
Standard Aberdeen: fund giants agree stunning £11bn merger
Standard Life and Aberdeen Asset Management have agreed to a merger, which will create the largest asset manager in the UK.
Trump offers active managers hope in passive battle
Donald Trump’s surprise US presidential election win has already subjected certain sectors to fluctuation, but his defiance on financial regulation could impact the industry most.
Pimco pays $20m to settle ETF charges
Pimco has agreed with the Securities and Exchange Commission to pay $20 million to settle charges that it misled investors about the performance of one its first actively managed ETFs.
Trump win: Citywire's view from New York
No other countries do an election quite like the USA. And this election was like nothing else.
Fed holds rates but edges closer to December hike
The Fed held rates for September but said to expect one increase before the end of the year. However, not every fund manager is convinced.
USA looks to RDR for advice market shake-up
The US fiduciary rule will have similar effects to the UK’s retail distribution review, but robos and passives stand by to make the most of the changes.
Aussie regulator ruled out of race for FCA top job
The shortlist of candidates to be chief executive of the Financial Conduct Authority is getting shorter by the day as yet another leading contender has been ruled out of the race to run the regulator.
Watch: Ed Balls' DB transfer warning to chancellor
The former shadow chancellor has issued a warning to the current chancellor about potential DB transfer ‘mis-selling’ in pension freedoms.
We quiz Standard Life chief on 1825 and Elevate
In this final instalment of our exclusive interview, Standard Life chief executive Barry O'Dwyer answers Citywire's questions about the company's restricted advice arm 1825, and brands the Elevate platform deal a 'fantastic success'.
Adviser Profile: Rod Milne and Colin Hayden-Cook of HFS Milbourne
Rod Milne and Colin Hayden-Cook have transformed HFS Milbourne into Surrey’s flagship IFA for family law. The next step is embarking on a joint venture with a legal practice.