ECB

ON EUROPE

EUROZONE CRISIS

The London offices of Royal Bank of Scotland (RBS) have been raided as part of a major investigation by the European authorities into allegations lenders manipulated a key borrowing rate in the run-up to and during the financial crisis.

JO Hambro Capital Management's Paul Wild has urged investors not to give up on Europe as a "grand plan" is on its way.

Eurozone banks may have to raise €200bn to boost their capital reserves under a proposal from the European Banking Authority (EBA).

F&C Thames River bond duo Peter Geikie-Cobb and Paul Thursby have warned German bunds are ‘extraordinarily' overvalued and in line for a major correction.

SAVING THE EURO

Managers fear France could be the next European nation in line for a downgrade as it steps in to support beleaguered bank Dexia.

The European Central Bank has held rates at 1.5% despite mounting pressure on policymakers to resolve the sovereign debt crisis.

US markets recovered from initial falls on the opening bell as investors digested an ECB rate freeze and some positive US employment data.