Markets
News by: Danielle Levy
Scoban to lose name as investment manager tie-up talks progress
Scoban chair says there are no plans to float the new private bank as it embarks on £40 million capital raising.
Roubini brands bitcoin a 'ponzi game' in Twitter rant
Renowned economist Nouriel Roubini has taken to Twitter to lambast the virtual currency.
Celebrities face £1bn tax bill in HMRC crackdown
A raft of celebrities that include David Beckham and Andrew Lloyd Webber face a £1 billion as HMRC moves to clear a backlog of 65,000 suspected avoidance cases.
BlackRock's Fink: Russia is losing an economic war
BlackRock's chief Larry Fink has warned that Russia is on even shakier economic foundations as the Ukraine crisis rumbles on.
Yousefian joins Charteris and brings OPM Property fund over
Multi-manager Tony Yousefian is to join Charteris Treasury Portfolio Managers and will bring his OPM Property Portfolio fund over to his new firm.
Ex-Thames River director Mike Warren joins adviser firm
Former Thames River director Mike Warren has joined adviser firm Carrington Investments as a non-executive director.
Why recent IPO flurry worries Julie Dean
Cazenove UK Opportunities manager believes the time is ripe to move out of cyclicals and into more defensive areas of the market.
Schroders chooses Cazenove brand for wealth arm
Schroders Private Banking name to be consigned to history as Cazenove brand kept for enlarged wealth business.
Odey: US turnaround will spark EM recession
The renowned fund manager is very positive on housebuilders as beneficiaries of an economic turnaround in the US.
Aviva takes £132m profit hit on 'improper' bond trades
The group took a profit hit after two former Aviva Investors employees were found to have improperly allocated bond trades.
Aviva back in the black with £2.2 billion profit
Aviva reversed previously losses in 2013 as its fund management business continued to disappoint.
Schroders' profit soars 24% post-Cazenove buy
Schroders has reaped the rewards of its Cazenove buy. However, a £1.5 billion outflow and £15 million provision relating to a US review of Swiss bank accounts weighed on its wealth arm.
Scoban plans £40m fund raising as PRA grants banking license
New private bank Scoban is to start raising capital after receiving confirmation from the PRA that they will receive a banking licence.
News sponsored by:
On Citywire today
Wealth Manager features
Citywire TV
Is the price right? The fund fee 'race to the bottom' is truly on
In the second episode of our series Prudential's Andy Brown explains why despite heavy discounting of funds people will always pay for high alpha.