Ian Maybury has joined Schroders in the newly created role of head of solutions management in its multi-asset and portfolio solutions group.

The head of RBS's embattled investment bank is in line to receive a special bonus this year of more than £4m, as the bank begins a sell-off of the division which could threaten 10,000 jobs.

Prime Minister David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund (IMF) in a move likely to infuriate eurosceptic MPs in his own Conservative party.

Three directors at Paulson Europe, the London-based arm of one of the world's best known hedge funds, have scooped a near £12m payday.

The UK arm of accountancy firm PwC has been fined a record £1.4m after it failed to discover billions of dollars of client money had been ringfenced improperly at US bank J.P.Morgan Chase.

NEW YEAR PREDICTIONS

Which markets fared best during a tumultuous year?

Developed economies will see $7.6trn worth of debt mature this year, with Italy towards the front of the refinancing queue at a time when its borrowing costs remain elevated.

The FTSE 100 is trading 1% higher at 5,628 after closing 2011 down 5.5% for the year at the end of last week.

Test your knowledge of pop culture and business trivia from the decade that brought you parachute pants, power shoulder pads, and Pac Man....it's the Investment Week Christmas Quiz.