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The £325 billion UK fund manager scraps role and splits responsibilities between heads of asset classes

FN Property of the Week – Surrey thrills

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Financial News heads out of London for a futuristic reinvention of the English country house. This £9 million Surrey property was once owned by Roxy Music lead guitarist Phil Manzanera

Key takeaways from the FCA's annual report

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The final pay packet of the Financial Conduct Authority's former chief executive Martin Wheatley – £827,000 – has been revealed in the regulator's latest annual report. FN takes a look at some of the key takeaways.

UniCredit to sell FinecoBank stake; Pioneer talks continue

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Incoming CEO Jean-Pierre Mustier says bank is working to find a solution for the merger of its fund management business

Blythe Masters takes digital banking role at Santander

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Former JP Morgan executive Blythe Masters resigned as non-executive chairwoman of Santander Consumer USA Holdings, the subprime auto-lending unit of the Spanish banking giant, after less than a year.

JP Morgan on trade: 'There will always be a role for banks'

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Trade volumes were already looking lacklustre before the UK’s vote to leave the European Union injected even more uncertainty into the economic outlook.

AMC to buy Europe’s Odeon & UCI in deal helped by weaker British pound

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AMC Entertainment Holdings said Tuesday that it would acquire European movie theatre operator Odeon & UCI Cinemas Group for about £500 million ($650 million) in a deal helped by the weaker British pound following the UK’s vote to leave the European Union.

Hong Kong hedge fund manager wins big at Nintendo

Oasis Management stands to make tens of millions of dollars from ‘Pokémon Go’ craze

ETF flows down by 20% as investors flee equities

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Money moved into fixed income ETFs in the first half, as investors in the funds mirrored general market sentiment

JP Morgan to raise pay for lower-tier employees

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Bank will boost pay for 18,000 employees over the next three years, CEO Jamie Dimon says

European markets boosted by a rise in auto and mining shares

UK enters the post-Brexit economic policy minefield

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COMMENT: With a new Prime Minister and Cabinet about to be installed, fiscal policy is back on to the agenda

Bank Earnings: How plummeting yields will drag them down

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After the Brexit vote, the big question is whether stocks will be dead in the water for another year or two

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The chief executive of a $37 billion Swedish pension plan is leaving to focus on the environment

Unigestion honours post-Brexit London commitment

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The £13.6bn Swiss asset manager always insisted Brexit wasn't a concern – and it's now moved into bigger offices in the UK capital

LendingClub’s newest problem: Its borrowers

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Charge-off rates have risen as much as 38% since 2013 at the largest online lender

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Head of trading leaves Schroders