Stephen Docherty, manager of the Aberdeen World Growth and Income fund, reveals how he is currently positioning his portfolio.
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.
Credit rating agency Moody's has downgraded 15 financial institutions overnight, including major UK and US banks.
Credit Suisse, Julius Baer, and the Royal Bank of Canada are believed to be among bidders for the wealth management arm of the Bank of America, which could fetch $2bn.
Hedge fund billionaire John Paulson sold out of Bank of America and Citigroup in the fourth quarter of 2011, missing the sharp rally enjoyed by bank shares year-to-date.
Bank of America shares surged almost 6% on the opening bell on Wall Street after the bank posted net income of $2bn for the fourth quarter of 2011, despite its investment banking arm booking a loss.
Barclays was among six global banking groups to be downgraded by Fitch last night, with the ratings agency pointing to challenging financial markets.
Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.