Goldman Sachs

Jim O'Neill, the chairman of Goldman Sachs Asset Management (GSAM), would ditch inflation targeting if he replaced Mervyn King as the Bank of England governor as the measure has been "insufficient" over the past decade.

Two top commentators have given their views on how euro leaders should take steps to resolve the eurozone debt crisis, with both calling for Greece to stay in the euro.

Former Barclays chief John Varley is no longer in the running for the top job at the Bank of England, Investment Week understands.

CASSH

Senior executives at Lehman Brothers knew of the risks which led to the investment bank's collapse, and chose to ignore warning signs as early as 2007, according to new documents.

Goldman Sachs posted a 23% drop in profits in the first quarter of the year but managed to beat analysts' expectations, after a rebound in trading and credit markets boosted its revenue.

The results of last December's stress tests have prompted Threadneedle's Cormac Weldon to move to an overweight in financials as he calls the end of the banking crisis.

TURKEY

Goldman Sachs has been fined $22m by a US regulator for failing to prevent upcoming research from its analysts being passed on to its top clients.

Equity valuations that are reflecting "unrealistically large declines in growth and returns" present one of the best buying opportunities in a generation, according to Goldman Sachs.