The head of China's largest credit rating agency has hit out at western counterparts for causing the global financial crisis.

Henderson's Stephen Peak, one of the largest shareholders in Gartmore, believes investors who have continued to flee the troubled asset manager will be proved wrong over the long-term.

The FTSE 100 has followed the lead of the US and opened lower this morning, as investors weigh up a gloomy economic update from Federal Reserve chairman Ben Bernanke.

Spanish banking giant Santander is planning to list its UK operations on the London Stock Exchange as soon as this autumn in a deal worth an estimated £3bn.

Schroders takes an in-depth look at the US financial reform and explains why it is likely to result in a stable banking and financial system.

Australian bank Macquarie expects some European banks to fail Friday's stress tests.

Investec's Alastair Mundy has sold out of Lloyds in his £1.57bn Cautious Managed and £344m UK Special Situations funds on fears the group runs the risk of becoming a ‘zombie bank'.

Monetary Policy Committee inflation hawk Andrew Sentance has once again voted for a rise in UK interest rates.

Neil Woodford's Invesco Perpetual has threatened to shun UK renewable energy companies unless regulators increase the returns available to investors and provide greater certainty over future policy.

BP has begun to offload assets aimed at raising cash to pay for the Gulf of Mexico disaster, agreeing the $7bn sale of fields in the US, Canada and Egypt to Apache.