Markets

The next governor of the Bank of England will be found in the coming months after the post is advertised for the first time on Friday.

Greece is understood to have created a working group to assess how much Germany owes it in war reparations, in an astonishing twist to the eurozone crisis.

Global equities manager Wes McCoy has rejoined Standard Life Investments after taking a break from the industry.

The Financial Services Authority has fined BlackRock Investment Management (UK) Limited (BIM) £9.5m for client money breaches.

Shares across the globe fell overnight as renewed fears about Germany's likelihood of approving rescue plans plagued investors once again.

The Investment Management Association (IMA) has urged the Financial Services Authority to keep LIBOR in place but has called for the lending rate to be reformed.

Despite a rally in global markets over the last three years as investors returned following the '08 sell-off, a number of funds have failed to keep up with peers.

ON UK GROWTH

John Paulson, the billionaire hedge fund manager, is reported to have pared losses in August after a difficult year for his strategy.

The Bank of England's chief economist Spencer Dale has warned printing more money "might do more harm than good" and could cause harm for the future.