Equities

Bank of England governor Sir Mervyn King has called for the current LIBOR system to be overhauled following the Barclays debacle.

PIMCO's Bill Gross has said US debt to GDP could accelerate towards 800% over the next five years if all actual liabilities are taken into account.

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Barclays record FSA penalty for LIBOR manipulation will be superseded by other banks' fines as the investigation deepens, according to Schroders' Richard Buxton.

Fidelity‘s Allan Liu has said performance on the £2bn South East Asia fund has been hit by exposure to mid-cap stocks.

Scottish Widows Investment Partnership (SWIP) has named five more managers who have left the firm following the restructure of its equity desk.

Annual costs have reduced returns of the average equity fund by 27.9% over a ten-year period, a Lipper report has revealed.

Projit Chatterjee, manager of the UBS Emerging Markets Equity Income fund, talks to Joanna Faith about how he has positioned his portfolio since launch last year and his outlook for key emerging market regions.

Moody's Investors Service has downgraded the credit rating on 28 Spanish banks, including Banco Santander, less than a month after cutting the nation's sovereign rating.

European equities lost ground in afternoon trading ahead of a crucial EU summit, as Spain officially asked its eurozone neighbours for a bailout.