Schroders' Richard Buxton has warned plans to ring-fence banks will force HSBC and Standard Chartered to redomicile outside the UK, causing more woe for the economy.
Lack of financials exposure helps sector outperform other peer groups over one year but headwinds are building.
Schroders' Richard Buxton has revealed he was congratulated by Artemis' Tim Steer for holding tech firm Autonomy as it received a bid approach - a time when Steer was shorting the stock.
Andrew Paisley has joined SWIP as investment director, reporting to head of UK equities Peter Cockburn.
Banks led markets sharply lower in early trading but their shares have now stabilised as markets digest the long-awaited Independent Commission on Banking report.
Chancellor George Osborne has said there are no barriers to the UK launching more quantitative easing amid growing fears over the health of the UK economy, the Financial Times reports.
The final report from the Independent Commission on Banking has recommended UK banks' retail and wholesale arms be split off, and said the 7% capital buffers required under Basel III do not go far enough.