TURKEY

A conflict erupted between the IMF and European Union last night as it was announced Greece would receive a two year extension to meet its debt reduction target.

Wealth manager Ashcourt Rowan has agreed to a fine of £412,000 from the FSA for a number of legacy issues relating to investment suitability in its Savoy business.

Verizon Wireless has ended months of speculation by announcing it will pay a total dividend of $8.5bn to its parent companies, Verizon Communications and Vodafone Group.

Capital Economics' managing director Roger Bootle gives his views on how markets and European countries would respond to a Greek exit from the eurozone and the impact on other struggling peripheral nations.

Lloyds Banking Group is hoping to raise £1bn from the sale of its 60% stake in St James's Place Wealth Management(SJP), according to reports.

The Bank of England's Monetary Policy Committee is expected to vote against pumping more money into the economy when it meets this week, despite previous forecasts of a further £50bn injection.

Henderson reported net outflows of £1.129bn in Q3, with net retail outflows making up £296m of the total.

JP Morgan is suing the former boss of trader Bruno Iksil, who was nicknamed the 'London Whale' because of the huge bets he made which contributed to a £3.7bn loss for the bank.

A care home group is suing Barclays for £37m over the rigging of LIBOR in a landmark case which could force the bank to disclose the names of managers involved in the scandal.