Markets

The Bank of England's Monetary Policy Committee (MPC) has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.

Peter Harrison is leaving his post as chairman and chief executive officer at RWC to take on the role of global head of equities at Schroders.

Chancellor George Osborne has taken the unusual step of calling on the Bank of England to do more to help support the UK economy, according to reports.

RBS has been fined a collective £391m for its role in the LIBOR scandal, with the FSA's investigation finding over 200 "inappropriate" rate submissions.

The Bank of England is close to announcing a further bout of asset purchasing, particularly as gilt yields continue to soar, Kames Capital's Iain Buckle has predicted.

The Financial Services Compensation Scheme (FSCS) will levy an estimated £76m on investment advisers in 2013/4, with failed firm Keydata highlighted as one of the main cases impacting the overall bill.

THE BIQ QUESTION

Goldman Sachs Asset Management chairman Jim O'Neill - the man who first coined the phrase BRIC - is to retire this year after 20 years at the company.

RBS has confirmed it faces not only a monetary fine but also other unspecified sanctions in relation to the LIBOR fixing scandal.