Eclectica's hedge fund star Hugh Hendry has been using put options on the so-called 'fear index' to play market volatility.

Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.

Chancellor George Osborne has slashed his growth forecast for the next few years but says the UK is unlikely to slide into recession.

Europe may see a ‘twin track' single currency emerge as the sovereign debt crisis unwinds, said Schroders' Richard Buxton.

Shares in beleaguered travel operator Thomas Cook have jumped 66% after it reached an agreement with its creditors to give it new access to funding, the BBC reports.

Schroders' Richard Buxton has defended his banking positions, saying troubled UK lenders could be returning 15% on equity by 2015.

IMF urges China to bring state-owned banking sector into line with international practices

Yields on short-dated German government bonds turned negative this week as bondholders paid to lend to the country, despite a dismal auction of 10-year bonds on Wednesday.

FIVE OF THE BEST

Newton's Simon Laing has joined Invesco Perpetual as head of US equity fund management.