US

Apollo Multi Asset's Tom McGrath considers the possible unintended consequences of Fed chief Ben Bernanke unleashing a third round of quantitative easing at the upcoming meeting.

Moody's will strip the US of its AAA rating if a deficit reduction deal is not struck in Congress, it has warned.

MAM Funds has hired Scottish Widows Investment Partnership's Nick Ford as part of a drive to expand its investment capabilities.

QE3

Ex-Threadneedle manager Andrew Holliman has revamped his investment process since joining Polar Capital to run its US offering, taking a less conservative approach on the more focused portfolio.

Barings' Khiem Do has said the chances of the Federal Reserve carrying out QE3 are remote, with economic indicators in the US still "reasonably strong" and by no means justifying further action.

Citigroup is to pay out $590m to shareholders in one of the biggest settlements connected to the global financial crisis, after it was accused of hiding its subprime exposure during the 2008 crash.

The spot price of gold climbed by over 1% to $1,655 an ounce as the Federal Reserve said it is likely to ease monetary policy soon unless there is a sharp change in economic data.

US-based tax lawyer Douglas Stransky considers the impact of FATCA, the onerous US tax regime which is already turning Americans into 'financial pariahs' overseas.

Robin McDonald, co-head of the multi-manager range at Cazenove, has said investors should not hold out for further stimulus from the Federal Reserve as he believes it has ceased its policy to weaken the US dollar.