When the FCA announced recently it was going to look into the issue of the soft-closing of funds I was tempted to say "better late than never".
Banks forced to scale back role
Kevin Corrigan, head of fundamental fixed income at Lombard Odier Investment Managers, explains how conventional market cap indices often leave bond investors exposed to the countries and companies that are borrowing the most.
Ernst & Young (EY) has paid $10m to settle claims it was negligent in it duty as auditor when it failed to raise the alarm when Lehman Brothers was heading towards collapse.
Financial services has witnessed a number of famous apologies over the years linked to fraud, rogue trading, and even train fare dodging. Investment Week remembers the most notable, and the ones which never were.
Investec Asset Management's Simon Brazier has warned investors on the higher volatility likely to be experienced in 2015, pointing to a backdrop similar to the year in which Lehman Brothers collapsed.
Neuberger Berman has become entirely employee-owned once more after a management buyout to buy back the Lehman estate's stake in the firm.
Barings multi-asset manager Christopher Mahon has warned the chances of a fresh Black Monday-style crash are rising, as policy decisions increasingly drive markets.