Bank of America's share price fell by 20% as US financials were routed in Monday trading over growth fears and S&P's downgrade of the US credit rating.
The US was hit with a further blow today as Standard & Poor's warned the economy is unlikely to regain its AAA-credit rating anytime soon.
William de Broë, the private client subsidiary of Evolution Group, has acquired part of the wealth management arm of BNP Paribas.
The European Central Bank said last night it would "actively implement" its controversial bond-buying programme to fight the eurozone's debt crisis, signalling it will buy Spanish and Italian government bonds.
Bill Gross, Bill Miller and Warren Buffett have clashed over Standard & Poor's downgrade of the US' credit rating.
Warren Buffett's Berkshire Hathaway made a profit of $806m on lending Goldman Sachs $5bn to help the bank through the last financial crisis.
Henderson TR Pacific manager Andrew Beal backs Asian consumer spending to hit $16trn mark as middle section of society gets richer
Janus US All Cap Growth manager says ‘get me out of here' attitude will result in a number stocks being undervalued