Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.

Standard Life has confirmed it is to pay the recently announced rebate tax for its platform users until the end of this year.

Yahoo, one of the world's most popular search engines, is said to have approved a $1.1bn deal to buy blogging service Tumblr, according to reports.

The Royal Bank of Scotland (RBS) has announced it is to cut a further 1,400 roles across the country as part of a restructure of its support staff teams.

US-based Janus Capital has replaced the manager of its US Twenty fund Ron Sachs, who will exit the group this month.

Cofunds is to hire Suffolk Life's David Hobbs as managing director of operational services in the latest shake-up at the platform.

Verona Smith, Cofunds marketing director, has exited the platform following its takeover by Legal & General, Investment Week understands.

Global banking giant HSBC has warned a further 14,000 jobs are at risk over the next three years.

The French economy has officially entered its third recession in four years after shrinking in the first quarter of 2013, data released today has revealed.

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.