Markets

How to play the winners and avoid the losers

An overheated exchange

Shares in RBS fell by over 2% this morning as it emerged the bank could be hit by a $13bn bill relating to the way it dealt in mortgage bonds before the credit crisis, a US court has warned.

BP shares have jumped after the oil giant agreed to pay $18.7bn worth of federal and state claims, to be spread over 18 years, for the Deepwater Horizon oil spill in 2010.

Old Mutual Global Investors is to launch an offshore Global Equity Income fund for head of global equities Ian Heslop.

Ten funds producing red hot returns in 2015

The Bank of England's Financial Policy Committee (FPC) has asked for more detail on how fund groups are guarding against liquidity risks, as policymakers step up their scrutiny of asset managers.

The FTSE 100 has made back some of its heavy June losses after a leaked report suggested Greece is ready to back down in negotiations with its creditors.

Point 72 Advisors' David Older has joined Carmignac as a senior fund manager in its London office.