The Financial Conduct Authority told the firm that a 'full investigation' had been launched after details emerged last week, amid claims it 'cooked the books' to hide a slump in profits.
TORONTO, Reuters - The pace of growth in the Canadian manufacturing sector cooled last month as production slowed and new orders for exports stalled, data showed on Wednesday.
As is well known now, Bill Gross resigned from Pimco last week. The market reaction to his departure was swift. Monday's Wall Street Journal reported a $10 billion outflow from Pimco that some estimate could increase to $100 billion.
The Bank of England has eased its curb on mortgage lending after data revealed that UK house prices, and approvals, fell for the first time in 16 months.
Songbird Estates has agreed to sell one of its Canary Wharf buildings, 50 Bank Street, for �153.5m to a prominent Hong Kong family, the latest deal in a growing trend of Asian investment in the capital's commercial property market.