Enjoy Finance

Orphan assets. Inherited estates. Confusing terminology has not helped resolve an issue that has hung over the UK insurance sector for a decade

A High Street bank is giving children debit cards that could let them buy cigarettes, alcohol and porn videos over the internet

A High Street bank is giving children debit cards that could let them buy cigarettes, alcohol and porn videos over the internet

Public US companies are not preparing for new financial reporting technology that could soon become mandatory under US regulatory proposals, research shows

Massachusetts’ top securities regulator recently filed civil charges against UBS for allegedly selling investments the Swiss bank knew were not safe. The case is being closely watched because it contained some of the first official complaints to stem from regulatory probes into the collapse of the auction-rate securities market in February

The vast majority of investors in some of the “safest” bonds hit by the credit squeeze were led to believe they would be bailed out in case of trouble, according to research

Citigroup is planning to overhaul its bonus system for hundreds of top managers in an effort to increase co-operation and minimise in-fighting among the disparate parts of the sprawling financial services conglomerate

Private equity firms may have to return money to investors in a sign of concern about falling returns on deals done at the height of the buy-out boom

China’s $70bn National Council for Social Security Fund is launching five new externally managed funds that will be benchmarked to MSCI Barra indices, as part of a continuing trend for the country’s pension and sovereign wealth funds to seek better returns abroad

When Sir Richard Branson said he would invest $3bn (£1.5bn) in the alternative energy sector in September 2006, many people dismissed the gesture as another publicity stunt by the Virgin Group founder