Legg Mason Global Asset Management has launched a global macro bond fund through its fixed income subsidiary Western Asset.

Former Apollo Multi Asset Management partner Tom McGrath has returned to the industry with a new venture aimed at raising assets for small fund groups.

Treasury Select Committee (TSC) chairman Andrew Tyrie has called on the industry to help parliament hold the financial services regulator to account to avoid "excessive regulation" that could "create the stability of the graveyard".

Last night Incisive Media held its Gold Standard Awards at the House of Commons, recognising those firms in the financial services industry with the highest standards of governance and social responsibility.

Royal Bank of Scotland's new chief executive, Ross McEwan, has denied claims the bank 'systematically' ran small businesses into the ground, and said the allegations have damaged RBS' reputation.

The UK Statistics Authority (UKSA) has criticised the methods used by the Office for National Statistics (ONS) when it releases sensitive economic data.

Ex-Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have fiercely contested allegations of greed and dishonesty in relation to investments made by the Arch cru funds.

It is still the main topic in town. We have had some wobbles in markets as investors have taken fright at the idea of fewer new dollars around.

Investment Week's Investment Company of the Year Awards 2013 were held last night in London, rewarding the top talent within the closed-ended fund space.

US investment banking giant JPMorgan Chase has agreed a mammoth $13bn (£8bn) settlement in relation to sales of residential mortgage-backed securities which contributed to the financial crisis.