Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.
First State Investments has formally announced the soft-closure of Jonathan Asante's £4bn GEM Leaders fund.
M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.
Mervyn King, the outgoing governor of the Bank of England, has been tipped to give the Chancellor a helpful boost this week by upgrading growth prospects for the embattled UK economy.