Standard Chartered could face up to $700m in fines if found guilty of allegations it helped Iranian clients conduct money laundering.

Amancio Ortega, the 76-year-old Spanish founder of retailer Inditex which owns clothing brand Zara, has bumped Warren Buffett off his perch as the world's third richest man.

Managers of the £276m Ruffer Investment Company have increased their exposure to gold on hopes global central banks will act soon to collectively expand their balance sheets.

Andrew Wilmont, head of European high yield at AXA Investment Managers, has left the firm, handing his funds to James Gledhill.

Warren Buffet's conglomerate Berkshire Hathaway reported a fall in profits for Q2 2012, as derivatives losses weighed on the results.

Italian Prime Minister Mario Monti has described a psychological rift deeply ingrained within the eurozone that could potentially rip Europe apart.

Aberdeen's multi-asset specialist Mike Turner has outlined three crucial factors which must be aligned to support a sustained equity market rally.

UBS Global Asset Management has hired Stephen Hutton as head of UK wholesale to spearhead the firm's drive into the third party discretionary market.

Nabeel Mughal and Peter Kaye (pictured), co-managers of the £98m Melchior North American Opportunities fund, name their five most lucrative investments over the past five years.

China is poised to take further policy action, according to Chia-Liang Lian, manager of the $754m (£486m) Legg Mason Western Asset Asian Opportunities fund, who has ruled out a steep drop in growth rates.