Independent providers of structured products could see biggest threat to business model yet as sector comes under RDR spotlight
Federal Reserve Chairman Ben Bernanke has testified the central bank had no option but to let Lehman Brothers fail despite knowing it would have "catastrophic" aftershocks.
Nouriel Roubini, the economist dubbed ‘Dr Doom' for predicting the US housing crash, believes the dollar, yen and Swiss franc may be better investments than gold if the global economy suffers a double dip.
In the US, trading volumes fell ahead of key job market data to be released later today.
A European-wide Systemic Risk Board and three separate agencies will be set up to monitor securities, banks and insurance companies, but Britain has been assured the deal will not weaken its sovereignty.
America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.
BlackRock has made changes to its fund range including the planned closure of its Japan vehicle and alterations to the investment strategy and name of its High Income Bond portfolio.