The top ten US CEOs have earned over $100m each for the first time, with two CEOs earning more than $1bn over the course of 2012, according to a survey by GMI Ratings.

The FCA has temporarily suspended 11 of Co-op Bank's bonds on the request of the company, pending an announcement of a rescue plan by parent company Co-op Group.

Guinness Asset Management has appointed Malcolm King as investment manager on the Guinness EIS team.

Goldman Sachs Asset Management (GSAM) is to acquire RBS' range of money market funds.

Ewout van Schaick, head of multi-asset strategies at ING Investment Management, has opened a position in commodities across his portfolios for the first time in a year.

M&G's Tom Dobell has warned against what he sees as the "tiresome" rise in short-term trading, suggesting investors need to move away from "grazing" and hold stocks for longer.

Guinness Asset Management is eyeing the launch of a range of new funds for UK investors by the end of the year, including a mirror version of its US-domiciled Global Innovators portfolio.

Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.

Henderson retail fixed income head John Pattullo is favouring core companies in core countries across Europe to provide thematic bond investing in a low inflation environment, alongside opportunities in the US.

Aviva and Aberdeen Asset Management sat atop the FTSE 100 leaderboard on Thursday morning but the wider market remained subdued.