Citigroup

Neptune's head of US equities Felix Wintle is preparing to increase exposure to financials in his US Opportunities fund, which has had a long-term underweight to the sector.

The US government sold off its remaining shares in Citigroup yesterday, making a strong profit from its ownership of the bailed-out banking giant.

The Federal Reserve is set to embark on a programme of measured quantitative easing next week, avoiding the ‘shock and awe' system used during the financial crisis.

US banking giant Citigroup reported a quarterly net profit of $2.2bn in Q3, a 6% fall from the previous quarter but still ahead of expectations.

Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, warn two former Bank of England policymakers.

Legg Mason's Mary Chris Gay has diversified the financials holdings in the $4.8bn (£3.2bn) Value trust she runs with Bill Miller after the fund's exposure to banks hit it hard last year.

The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.

The US Treasury expects to sell its 27% Citigroup stake before the end of the year as it looks to profit from one of the largest government investments of the financial crisis.

After 12 turbulent months for equity markets, top industry managers believe the worse is now behind them regarding dividend cuts

Strong outperformance due to limited demand leads Finlayson to cash in holdings