Goldman Sachs' internal investigation into allegations made by a former employee of a "toxic environment" within the bank has found little evidence to support the accusations.

Barclays has restructured its investment banking arm in an effort to cut costs and limit further reputational damage following the LIBOR scandal.

Exchange Traded Product flows reached their highest monthly level in almost four years in September as investors piled into passives.

BlackRock's absolute return manager Mark Lyttleton is due to return to his post next week after an extended break from the industry.

The FTSE continued to make huge gains in afternoon trading, reaching its highest level since late March after the Federal Reserve unveiled its third round of quantitative easing.

Ecclesiastical is launching Retail Distribution Review (RDR)-ready institutional share classes across its range of six funds.

The Bank of England's chief economist Spencer Dale has warned printing more money "might do more harm than good" and could cause harm for the future.

The Organisation for Economic Co-operation and Development has made a sharp cut to its forecast for UK growth in its latest interim economic assessment.

Facebook founder Mark Zuckerberg has said he will not sell any of his shares in the company for at least a year in a move to boost investor confidence, after shares in the social networking giant sank to a new low.

Gold has climbed to its highest level in more than five months as speculation the next round of quantitative easing (QE) in the US is just weeks away pushed the precious metal higher.