More than a tenth of the 7,380 banks in the US remain at risk of failure despite the sector posting strong profit growth during the second quarter.
Royce & Associates co-CIO Whitney George believes markets are entering a ‘supercycle' in M&A activity, as the subdued economic environment forces companies to attempt to acquire growth.
Whitney George, who oversees $30bn at US small-cap specialist Royce, has taken a position in Jupiter on the view asset managers will thrive as the developed world looks to increase savings.
Bob Doll, chief equity strategist at BlackRock, says stocks are being pulled in two directions and are likely to keep to a narrow trading range until economic data improves.
The FTSE 100 moved slightly lower in afternoon trading as double-dip fears persisted on the back of negative housing market data.
Warren Buffett's Berkshire Hathaway has emerged as a possible bidder for the Royal Bank of Scotland's Direct Line insurance business.
French insurance giant Axa, which was the largest shareholder in Goldman Sachs, has almost halved its stake in the investment bank.
I confess I am a Berkshire Hathaway shareholder and Warren Buffett fan. I have been interested for some time in his philosophy and investment approach and read, earlier in my career, everything I could about him and his mentor, Benjamin Graham.
The UK's top fund managers have paid tribute to the influence and lessons of Warren Buffett on ‘The Sage of Omaha's' 80th birthday.
The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.