Markets

Seven leading global banks, including Barclays, RBS and HSBC, have been issued with subpoenas by the state of New York over the alleged rigging of LIBOR.

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Bank of America Merrill Lynch's latest 'equity hitchhiker's guide to the global galaxy' has outlined a range of prospective trades for investors in the coming months.

MAM Funds' Simon Callow has been adding risk back into his CF Midas Balanced Growth fund during the second quarter by increasing his positions in international equity funds.

The Financial Services Authority (FSA) has warned of a second man contacting firms pretending to be from the regulator.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep rates on hold and maintain QE at £375bn in August but expressed fears over sterling's continued appreciation.

The UK's unemployment rate fell in the second quarter of the year, from 8.2% to 8%, although the number of young jobseekers climbed over the period.

Resolution has confirmed it will make no more acquisitions and abandoned plans to split Friends Life after revealing a 58% fall in profits.

Greece is seeking a two-year extension to its austerity programme from the European Union and IMF as it struggles to find room for another €11.5bn of spending cuts.

Standard Life has risen 5.5% in early trading after impressive interim results, helping push the FTSE 100 up 0.7%.