United Kingdom

Sinead Cruise

Fallen fund star Woodford's firm suffers ignominious end

16 Oct 2019

LONDON Once one of Britain's most celebrated money managers and idolised by a legion of investor devotees, the collapse of Neil Woodford's business has been swift and brutal.

Trading in second Woodford fund suspended: administrator

16 Oct 2019

LONDON A second Woodford fund was suspended from trading on Wednesday after embattled investor Neil Woodford resigned as its manager.

Fund empire of once-star manager Neil Woodford shuts

15 Oct 2019

LONDON Famed British money manager Neil Woodford shut his asset management business on Tuesday, calling it quits hours after administrators stepped in to wind down his flagship fund and sack him as its manager.

London retains global finance throne amid Brexit chaos

15 Oct 2019

LONDON From the pinnacle of the City of London's largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. | Video

Banks reap $1 billion from U.S. mortgage bond trading boom

15 Oct 2019

LONDON Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing revenue source in investment banking.

Bankers brace for no-deal Brexit markets mayhem 10 days early

09 Oct 2019

LONDON Financial markets could go into a Brexit tailspin about 10 days earlier than expected if a potentially chaotic no-deal departure at the end of the month looks inevitable, bankers say.

RBS investors call on new boss Rose to shrink NatWest Markets

09 Oct 2019

LONDON With weeks to go until Alison Rose takes over as CEO of Royal Bank of Scotland , shareholders are demanding a shake-up of the state-backed lender, with cuts to its minnow investment bank topping their agenda.

The end of Libor - the biggest banking challenge you've never heard of

08 Oct 2019

LONDON On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.  

World News