News

J.P. Morgan Asset Management has introduced individual lead managers on three UK equity funds previously run by a single team.

Schroders has launched a European credit fund for manager Patrick Vogel which aims to identify and tap into credit "sweet spots" across the continent in order to achieve a high yield.

The Financial Conduct Authority (FCA) has been grilled by MPs over its decision to approve the appointment of Paul Flowers to chair the Co-operative bank back in 2010.

Janet Yellen has been voted in by the US Senate to become the first woman to lead the Federal Reserve.

Japan's Nikkei index slid for the second day in a row on Tuesday, after weak economic data in the US made investors wary of taking on risk.

Sarasin & Partners has renamed its multi-asset fund and cut charges on the product as part of several changes to the group's fund range.

J.P. Morgan could be hit with another $2bn of fines over the Bernard Madoff Ponzi scheme, according to reports.

ON UK EQUITIES

Vodafone, BP and some less predictable names including a number of UK housebuilders have been tipped to lead the income tables in 2014.

The Financial Conduct Authority (FCA) has appointed ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.