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Brown, Darling

Alistair Darling joins Morgan Stanley board

Former chancellor Alistair Darling is to join the board of Morgan Stanley as a director. The Financial Times reports Darling, who stepped down as an MP in May, will take up the role in January, advising the bank on risk management and regulation. Darling spent 23 years in parliament, including overseeing the nationalisation f Royal […]

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Swallowed up: Consolidators under fire over client churn

The FCA has called into question the way consolidator firms approach suitability amid accusations clients are being hit with unnecessary charges and moved into inappropriate investments in the drive to gather assets. Money Marketing revealed last week that the regulator has asked consolidators to provide information on how they treat clients gained through acquisitions, and whether […]

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Yellen says US ‘can handle’ rate rise

US Federal Reserve chair Janet Yellen says the US economy is strong enough to bear an interest rates rise, giving a further hint that the central bank will move in December. Yellen told Congress the US is reaching a point where it can handle an interest rate rise that will show “how far our economy has come in recovering […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]

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