The new Basel III banking rules will leave the largest US banks short of between $100bn and $150bn in equity capital.
Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘the Sage of Omaha' Warren Buffett.
Shares in General Motors climbed 3.6% on the first day of trading after the auto manufacturer made a record initial public offering.
Schroders chief economist Keith Wade has labelled the Federal Reserve's $600bn QE2 programme as an "aggressive act" to devalue the dollar.
Berkshire Hathaway will give its new manager Todd Combs a limited portfolio worth about $2bn to $3bn while Warren Buffett assesses his performance.
There is a one in three chance the Bank of England will announce a further raft of QE in its February Inflation Report, says J.P. Morgan's Bob Michele.
Former Federal Reserve Chairman Alan Greenspan believes the US must look to rein in its massive budget deficit or face the risk of a bond market crisis.
Neptune's Felix Wintle believes the US stock market can extend its strong recent run into the New Year as the outlook for corporate earnings remains positive.