Small Initiatives

Alliance & Leicester International has announced that it is launching a new limited edition one-year fixed rate bond with a rate of 6.65% pa gross/AER.

Leeds Building Society has launched its new two-year fixed rate postal bond paying a return of up to 7%.

Scottish Widows has enhanced its fund offering to retail advisers with the addition of the SWIP Multi Manager funds.

GLG Partners, an alternative asset manager, has reported a net loss of $226.3 million for the first quarter of 2008, compared to a net income of $13.75 million for the same period of 2007.

Credit Suisse has launched its new family of investment products, based on the CS Global Risk Appetite Index, a widely followed measure of investor sentiment. The first Risk Appetite Investable Index...

Financial services company TD Waterhouse has launched its two new accounts, Regular Investment Account and Regular Investment ISA, to help customers build an investment portfolio of shares and/or...

Leeds Building Society has launched its new five-year fixed rate Escalator Bond paying an escalating return of up to 6.50% in the fifth year.

New Star has announced that the GBP5.5 million New Star Japan Fund will merge into the GBP105 million New Star Pacific Growth Unit Trust, which is managed by Ian Beattie, subject to the approvals of...

SVM Asset Management has announced that it will launch its new SVM Cautious Managed Fund and SVM Balanced Managed Fund on May 15, 2008.

Credit Suisse has revealed its plans to launch its new Multi Manager Multi-Asset Growth Fund in early June 2008.

Royal London, a provider of mutual life and pensions services, has acquired some of the Resolution businesses and assets from Pearl.

The UK Post Office plans to launch a range of new growth bonds offering one, three and five-year fixed terms, from May 12, 2008.

Clifton Savings Bancorp has announced that the net income for the three months ended March 31, 2008 was $623,000, an increase of $167,000 or 36.6%, compared to $456,000 in the same period of 2007.

AIB, an Ireland-based provider of banking and financial services, has announced that its surcharge interest rate will be increased from 9% pa to 12% pa for branch loans and overdrafts, with effect...

Jupiter Asset Management has announced that it will launch its new Jupiter Strategic Bond Fund on June 2, 2008.

India-based Kotak Mahindra Asset Management has launched its new Kotak Sensex ETF, an exchange traded fund focusing on investing in the stocks that comprise the BSE Sensex.

Knight Capital Group has agreed to acquire Libertas Holdings, a boutique institutional fixed income brokerage firm, for approximately $50 million in cash and $25 million of unregistered Knight stock,...

Hartford Life has announced several enhancements to its investment bond product, Hartford Gold.

Sonor Investments has reported revenue of $375,000 for the first quarter of 2008, compared with revenue of $661,000 for the same quarter of 2007. Net loss for the quarter was $62,000 compared with...

Principle Insurance has become the UK's first Sharia compliant independent insurance company to be formally authorized by the FSA. The insurer will operate in accordance with Islamic laws, through...