Iain Withers

Britain will soon take steps to ease so-called ring-fencing rules on banks introduced after the 2007-09 financial crisis, in order to improve the sector's competitiveness, city minister Tulip Siddiq said on Monday.

Britain's commercial property market is returning to life after its post-pandemic freeze.

British money manager Legal & General has committed up to $200 million of investment into U.S. rental housing, as a growing number of investors bet the country's battered real estate market could be poised to recover.

British insurer and asset manager M&G has bought a majority stake in European real estate investor BauMont, as it prepares to buy up more commercial property in anticipation of a market recovery.

Blackstone's private wealth business plans to enter at least two new European markets next year to tap growing demand among the well-off, two executives at the company told Reuters.

Schroders reported worse-than-expected third quarter outflows and the imminent loss of further big-ticket client mandates on Tuesday, in a gloomy update that sent shares tumbling days before new CEO Richard Oldfield steps into his role.

New Schroders CEO Richard Oldfield has more than halved the size of the asset manager's executive team as he looks to reboot performance after a string of disappointing earnings updates and big ticket client exits.

German asset manager DWS said on Tuesday it had appointed a new investment chief at a time when fund managers are under pressure to improve performance and better compete with passive rivals.

Britain's abrdn is selling its Focus Solutions software business as the asset manager's new CEO Jason Windsor looks to show he can deliver changes fast to improve its performance.

JPMorgan is assessing options for its European headquarters in London as the fast-expanding Wall Street bank outgrows its existing tower in London's Canary Wharf financial district, three sources familiar with the matter told Reuters.