Dominic Rossi, who has resigned as CIO from beleaguered fund group Gartmore, is joining Fidelity Investment Managers.

Standard Chartered acheived a 98.5% take-up of its rights issue, raising £3.29bn for the Asian-focused banking group.

A global group of bond investors have threatened the Icelandic government with legal action after being demoted below depositors in recouping funds from the country's shattered banking system.

Gartmore shares have dived more than 22% in morning trading following Roger Guy's decision to retire from fund management.

Gartmore veteran Roger Guy has announced he will retire from day-to-day fund management.

BlackRock Corporate Bond fund manager Daniel McKernan is leaving the company.

The Lloyds Banking Group has named the boss of Santander's UK operations António Horta-Osório as its new CEO, replacing Eric Daniels.

Standard Life Investments recorded a £758m net inflow into its UK mutual fund range in the third quarter, doubling its net new business for 2010.

The London Stock Exchange has delayed a major update of its computer systems after fears one its trading platforms was targeted by a saboteur.

General Motors, the bailed out US auto giant, is set to raise between $9.5bn and $10.5bn in its public share offering.