Financial News

Asset prices worldwide have risen to potent levels reminiscent of the credit boom 5 years earlier. The Bank of International Settlements has warned that they may be losing touch with economic reality.

The Investment Management Association has confirmed that Daniel Godfrey, former director general of the Association of Investment Companies, as its new chief executive. Godfrey will take this…

The European Commission has supported plans from 10 member states to raise funds to deal with the current European economic crisis, by introducing a tax on financial transactions.

This week sees the Royal Bank of Scotland make its final £1.4million payment to the Asset Protection Scheme, reaching the required £2.5billion minimum payment to exit the emergency insurance program.