Overnight Sterling Libor stayed at 3 per cent while the all-important three-month rates fell below 3.9 to just 3.88 per cent, only 88bps above Bank base rate.
UK office of promontory financial group chairman Michael Foot will lead the independent review of British offshore financial centres announced in last week’s pre-Budget report.
Fund business saw net retail outflows of £500.4m in October, a stark difference from the £921.5m of inflows 12 months ago.
Neptune Investment Management is looking at the possibility of acquiring certain New Star assets.
Former Lehman Brothers head of structured retail products Adam Habib has started a boutique investment company which will offer mutual funds, structured products and hedge funds.
New figures requested from the Office for National Statistics by Jelf International reveal the countries with the largest numbers of employees working for a UK-controlled parent company (known as UKFAs or UK foreign affiliates).
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