Markets

Analysts have suggested the fallout from the LIBOR price-fixing scandal may ultimately lead to significant asset disposals or even a break-up of the bank.

Global markets bounced back sharply last month, with some of the most heavily sold off equities in Europe up by huge margins.

ON ASIA

Feras Al Chalabi, partner & portfolio manager at Odey Asset Management, will be dicussing the opportunities in Europe at our Global Fund Manager Forum on 5 July. Opportunities in European Ex-UK Equities

Bank of England governor Sir Mervyn King has called for the current LIBOR system to be overhauled following the Barclays debacle.

PIMCO's Bill Gross has said US debt to GDP could accelerate towards 800% over the next five years if all actual liabilities are taken into account.

The estimated value of the remaining assets within the Arch Cru funds has fallen again, reducing the amount of returns to investors being offered by Capita Financial Managers, the authorised corporate director.

The UK is increasingly likely to lose its AAA credit rating - but this may not spell disaster for the domestic bond market, according to M&G's Jim Leaviss.

Investors continued to exercise caution in their asset allocation in May, with bond and money market funds the most popular and equity funds seeing their first net outflow in 2012.

Chancellor George Osborne has pledged to use fines imposed by the Financial Services Authority to compensate taxpayers in the wake of the LIBOR scandal.