Lehmans

GOSLING'S GROUSE

Liquidity in fixed income is a topic that investors have increasingly focused on since the onset of the credit crisis, and rightly so.

LIZARD RISK

Fund managers have raised cash levels in their equity and bond portfolios to levels last seen at the height of the Lehmans crisis as valuations in risk assets hit extremes.

Four years on from the demise of Lehman Brothers the effects of the financial crisis are still being felt across the global economy, stunting GDP growth across both developed and emerging economies.

Over the last three months, UK bank shares have enjoyed a strong rally, helped by the ECB's and US Federal Reserve's liquidity moves.

BIG INTERVIEW

The reputation of the UK banking sector hit a new low last week after the FSA hit Barclays with its largest ever fine of £59.5m for breaching LIBOR regulations.

CONTRARIAN

Standard Life has successfully sued its professional indemnity insurers for around £100m to recover losses related to its Pension Sterling Fund.