Economics

Kames Capital's investment grade bond managers Stephen Snowden and John McNeill have accused regulators of making the credit crunch even worse by imposing too many restrictions on banks too soon after the financial crisis.

The International Monetary Fund (IMF) has raised an additional $320bn (£199bn) in a bid to boost its firepower to deal with the eurozone debt crisis.

Alain Dromer is to step down as CEO of Aviva Investors after insurance group parent Aviva revealed plans to simplify its business.

European markets were firmer this morning after the results of the much-anticipated Spanish debt auction were annouced.

BP has reached agreements with 100,000 individual plaintiffs to resolve claims from the 2010 oil spill - costing the company $7.8bn.

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared for the crisis" that wrecked the world economy and "controlled the bank with an iron fist."

Wealth manager Hargreaves Lansdown has reported a new record for assets under administration despite an expected slowdown in investor activity and increased competition.

The International Monetary Fund (IMF) has warned the world faces a credit crunch similar to that of 2008/09 as the euro crisis forces banks to cut their balance sheets.

Analysts at Investec Bank have warned investors RBS shares will not rocket back to highs seen last summer, as returns on equity continue to be constrained.

Artemis Global Energy fund managers John Dodd and Richard Hulf have shifted their portfolio more towards mid and large cap holdings as the fund gains assets faster than expected.