REGULATION

Contrary to our earlier article ‘Are these bond funds too exposed to banks' the Ignis Corporate Bond fund is actually underweight the banking sector.

DIAMOND DEPARTS

Barclays bank chairman Marcus Agius has confirmed his resignation, admitting the "the buck stops with me" for the firm's interest rate fixing scandal.

The UK Treasury has called off its weekly gilt auctions for a four-week period between mid-July and mid-August during the Olympics.

Feras Al Chalabi, partner & portfolio manager at Odey Asset Management, will be dicussing the opportunities in Europe at our Global Fund Manager Forum on 5 July. Opportunities in European Ex-UK Equities

Billionaire investor George Soros has called on Europe to start a fund to buy Italian and Spanish bonds, or risk the demise of the euro.

Henderson's John Bennett said European equities are in the very late stages of a bear market, providing "once in a generation" opportunities to buy the asset class.

BIG INTERVIEW

Asian markets jumped overnight after the 'pro-bailout party took a narrow win in Greece's elections, but European indices saw an early rally disappear as Spanish bond yields spiked again.