Economics

The FSA has fined Swiss bank Habib AG Zurich £525,000 for failing to establish and maintain adequate anti-money laundering systems.

Goldman Sachs Asset Management (GSAM) has identified four markets it expects will post stellar growth over the next decade, potentially rivalling BRIC nations.

BNP Paribas analyst Philippe Gijsels has suggested inflationary monetary policy could mean the next bull market sees the Dow Jones Industrial Average hit 100,000.

The eurozone reported zero growth in the first quarter, beating forecasts of a 0.2% contraction and narrowly escaping a technical recession.

(Updated: 9.15) Asian indices fell overnight, mirroring losses in the US and Europe, over fears about the impact a Greek exit from the single currency could have on the rest of the region.

Ratings agency Moody's Investors Service has cut the long-term debt and deposit ratings for 26 Italian banks as the crisis in Europe clouds their prospects.

Former Barclays chief John Varley is no longer in the running for the top job at the Bank of England, Investment Week understands.

US markets have fallen to three-month lows during trading today as the eurozone worries that resurfaced last week show little sign of subsiding.

Multi-manager investment boutique Architas has re-branded its active and passive ranges to make the products easier to understand ahead of the RDR.

James Thomson, manager of the £161m Rathbone Global Opportunities fund, picks five stocks offering the opportunity to capitalise on the US recovery.