Economics

George Soros' fund has purchased around $2bn of European government bonds previously held by collapsed brokerage MF Global, according to reports.

THE BIG QUESTION

European leaders have abandoned plans for bondholders to bear the brunt of sovereign debt collapses, following talks overnight to tackle the eurozone crisis.

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank have announced coordinated actions to enhance their capacity to provide liquidity support to the global financial system....

Markets across Europe sold off in early trading, while bond yields in core European countries rocketed towards danger levels, after investors failed to be convinced by an overnight deal to save the eurozone.

Regulators should have greater powers to block hostile bank takeovers in order to avoid a crisis like the one that forced Royal Bank of Scotland(RBS) to accept a £45bn taxpayer bail-out, the chairman of the FSA will say on Monday.

Prime minister David Cameron has caused the EU to fracture after refusing to sign up to a new treaty over concerns about financial services regulation.

The Bank of England's Monetary Policy Committee has once again kept interest rates on hold at a record low and left QE unchanged at £275bn.

Aberdeen Asset Management is set to consolidate its multi-manager range, run by co-heads of MM Graham Duce and Aidan Kearney.

Standard & Poor's has said it may downgrade the European Union's AAA rating and make further cuts to eurozone banks' credit ratings if a review of eurozone countries prompts mass sovereign downgrades.