At least 50 of Europe's top 91 banks are expected to fail the European Banking Authority's (EBA) new stress tests, analysts at Goldman Sachs have warned.

Gemini Investments is holding a four date roadshow around the UK next month showcasing five of its boutique investment partners, with events chaired by Investment Week's editorial director Lawrence Gosling.

TIME TO STEP UP

Ten-year gilt yields have approached a two month high as signs eurozone leaders are closer to resolving the crisis cooled demand for the relative safety of Britain's government debt.

Paulson & Co, the giant US hedge fund, has warned in a "worst case" scenario it could suffer redemptions equivalent to between a fifth and a quarter of its assets by the end of the year.

The US Senate has voted through a bill which aims to punish China for keeping its currency artificially undervalued.

S&P and Fitch have downgraded some of Spain's largest financial institutions including bank Santander, citing a deteriorating outlook for the Spanish economy.

Dexia, the Franco-Belgian bank, has agreed to nationalise its Belgian banking division and secure state guarantees as part of a multi-billion euro rescue plan.

One of legendary hedge fund manager John Paulson's flagship portfolios is down almost 50% in 2011.

Business secretary Vince Cable has met with a group of top UK fund managers to demand they put more pressure on company boards to deliver better long-term value for shareholders and the UK.