BoE hires deputy governor and chief operating officer
The Bank of England has appointed David Ramsden as deputy governor for markets and banking, and Joanna Place as chief operating officer.
News
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Lloyds’ past scandals spook share price
Shareholders in the FTSE 100 bank were hit with a double whammy on Thursday, as it agreed to set aside £300m to redress mortgage arrears and posted lower profits due to an additional £1bn of conduct charges.
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US equities soar on Fed’s dovish sentiment
The US equity market hit new highs, but bond yields are expected to fall after the US Federal Reserve voted to keep rates on hold at its latest meeting.
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Schroders’ AUM hits fresh highs
Schroders continued to grow AUM in the first half of 2017, with net inflows of £800m according to its half year results.
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AstraZeneca shares dive on big day for FTSE results
AstraZeneca’s plummeting share price was the biggest story in a morning flooded with company results on Thursday, with the FTSE index holding steady despite a wobbly start for stocks.
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SJP posts record FUM; launches global growth fund
St James’s Place’s funds under management have smashed £83bn and it is to launch a growth fund, another sign that it will take more than negative headlines to dent its market share.
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The UK’s ‘dirty dozen’ shorted stocks
Canaccord Genuity Wealth Management senior equity analyst talks through the UK’s most shorted stocks – the “dirty dozen”.
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SEI: ‘UK wealth management at a crossroads’
If traditional UK wealth managers want to stay alive, they must find their unique selling points, invest in technology and pursue inorganic growth strategies, according to a report from SEI Wealth Platform.
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FCA Senior Managers Regime to cover asset managers and advisers
Adviser firms and asset managers will be brought under the FCA’s Senior Managers and Certification Regime from 2018, the watchdog has announced.
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‘Strong organic inflows’ drive record quarterly income at Brewin Dolphin
Brewin Dolphin has reported a record total income for the three months to the end of June, driven by what it termed “strong organic fund inflows”.
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GDP estimate shows ‘notable slowdown’ in UK economy
UK GDP grew by just 0.3% in the second quarter signalling a “notable slowdown” in the domestic economy, according to the Office for National Statistics.
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Multi-asset popularity rises as IFAs ditch model portfolios
More IFAs are steering their clients toward multi-asset funds this year and pulling away from model portfolios, a new Aegon UK study finds.
