Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.

UK stocks and sterling tumbled this morning after Fitch labelled Britain's fiscal challenge "formidable".

US fraudster Bernie Madoff has mocked the investors he swindled out of $65bn, reportedly saying he "carried them" for 20 years.

Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.

Fee-based adviser and asset management firm Brooks Macdonald has agreed a £4m deal to acquire structured product and property group Braemar.

Just weeks away from Chancellor George Osborne's first UK Budget, M&G's Jim Leaviss has controversially praised the efforts of predecessor Alistair Darling.

Liontrust has appointed former Artemis stalwart Nick Wells as a business development consultant.

Lloyds shareholders have made a £14bn claim against the Treasury and bosses at the banking giant over its controversial takeover of HBOS in 2008.

M&G's Richard Woolnough, who sparked strong debate over his negative view on the euro, discusses why a new single-currency might be the best thing for the troubled European bloc.

Global markets are in freefall today following Wall Street's slide on Friday and on fears over a Greek-style crisis in Hungary.