Europe

(Updated 2:30pm) Banks are continuing to take the brunt of the latest market sell-off as fresh fears of a European banking crisis emerged on Monday.

J.P. Morgan Asset Management has launched an inflation-linked bond fund investing in European debt, as the group looks to profit from the volatile market conditions across the continent.

Walker Crips managers back global franchises across portfolios as UK's prospects look increasingly gloomy.

Fidelity has launched a European Dynamic Value fund, managed by Neil Madden and seeking to identify cheap and disliked stocks with improving fundamentals.

ON EUROPE

Greece will miss its budget deficit target this year, the government and its international lenders said yesterday, but there was disagreement over how big the fiscal derailment will be.

Aegon's asset management capabilities in the UK has officially been re-branded as Kames Capital today.

Martin Skanberg has managed the Schroder European fund since October 2008, helping to generate a return of 7.4% in the last three years compared to the sector average loss of 1.9%.

Argonaut Capital's Barry Norris is taking positions in Swiss property and increasing exposure to gold miners within his funds, claiming more QE is almost inevitable.

Spain has put in place a public sector borrowing cap in an effort to tackle its debt burden, following calls from peers in Europe to take action.